The won rose the most in three weeks on speculation the currency’s slide to a four-week low prompted some South Korean exporters to convert overseas proceeds, while the yen retreated. Government bonds were unchanged.
South Korea’s won completed the worst week in more than a month on speculation authorities will weaken the currency to safeguard exports after the yen slumped to a four-year low. Government bonds declined.
The debut of electronic trading in India’s corporate bonds seeks to expand volumes now 20 percent of those in South Korea and improve transparency amid global probes into manipulation of interbank markets.
The won rose the most in two weeks as global funds bought South Korean shares after an unexpected increase in U.S. retail sales bolstered investor appetite for emerging-market assets. Government bonds rose.
South Korea’s won fell to a two-week low on concern the yen’s slide will hurt the nation’s exports after the Group of Seven finance chiefs indicated they will tolerate a weak Japanese currency. Government bonds dropped.