The won rose on speculation South Korean exporters sold dollars to settle month-end bills.
South Korea’s won weakened for a third day as escalating violence in Iraq sapped demand for riskier assets.
South Korea’s won rose to the strongest level in almost six years as stimulus by the European Central Bank and better-than-expected U.S employment data supported demand for riskier assets.
South Korea’s won reversed earlier losses on speculation exporters sold the U.S. dollar to take advantage of a favorable exchange rate.
South Korea’s government bonds fell, sending the 10-year yield to a two-week high, as a pickup in the U.S. services industry sparked a decline in Treasuries.
Volatility in the won slid for a fourth day as concern that South Korea may act to curb the currency’s appreciation sapped trading.
Shinhan Bank asked South Korean prosecutors to investigate Shin Sang Hoon , the president of parent company Shinhan Financial Group Co. , for alleged embezzlement.
The won snapped a three-week rally amid speculation South Korean authorities acted to limit the currency’s appreciation.
Shinhan Bank agreed to help KazMunaiGas Exploration Production raise $500 million to build an oil-loading terminal in Kazakhstan.
Shinhan Bank is marketing bonds denominated in U.S. dollars due July 2017 to yield between 365 basis points and 375 basis points more than similar-maturity Treasuries, a person familiar with the matter said.