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The South Korean won traded around 1,333 per dollar, reaching its strongest level since October 2024, as robust export growth and a trade surplus supported the currency. South Korea’s exports more than doubled year-on-year to a record USD 26.1 billion in the first 10 days of October, led by a 170.9% surge in semiconduc
Most Asian currencies fell as oil prices and elevated US Treasury yields pressured risk sentiment. The Thai baht touched 33.64, its weakest since late July, and the rupiah fell to 17,985 per dollar.
Most Asian currencies weaken, with Thailand's baht leading losses at as much as 33.635 per dollar. Indonesian rupiah, Philippine peso and South Korean won also weaken as US yields rise.
MSCI EM stocks down 0.9%, FX slips 0.5% US 10-year Treasury yield hits highest level since 2007 South African rand hits seven-week low after central bank's 25 bps rate hike Turkish finance minister to hold meetings on fund liquidation crisis By Utkarsh Hathi Sept 24 (Reuters) — An index of emerging market currencies he
The Nasdaq hit a record closing high, boosted by AI stocks, while falling oil prices and retreating Treasury yields improved risk sentiment. European shares rallied, led by banks and tech, and Asian markets were mixed, with Japan higher and China/Hong Kong up on hopes of a trade truce.
Emerging Asian stocks rose on Monday, led by chip-related shares, as investors awaited a meeting between US President Donald Trump and Chinese President Xi Jinping later this week for signals on trade ties and the global economic outlook.
The South Korean won traded around KRW 1,374 per dollar, its strongest level since July 2025, as dollar selling by major exporters and supportive month-end flows offset renewed hawkish Fed messaging.