Won hits fresh two-year high against the dollar

The Korean won strengthened to hit the highest level in more than two years against the dollar on Tuesday, aided by corporate dollar sales.

The won strengthened 2.2 won from the close of the previous stock trading session to trade at 1,328.1 won against the dollar at 3:30 p.m.

For a third straight session, the won marked the strongest level since Oct. 2, 2024.

The won advanced as local exporters continued to sell dollars, despite a broad strengthening of the U.S. currency.

Foreign investors sold a net 535.4 billion won worth of local shares during the latest regular stock trading session, with the benchmark Kospi falling 3.73 percent to close at 5,552.74.

Yonhap