Korean Won Gains for 5th Consecutive Day; Stocks Up
The won-dollar exchange rate fell for the fifth consecutive day on Thursday, gaining even more ground on the U.S. dollar.
In Seoul's foreign exchange market, the won closed at 1,359 to the dollar, up 2.7 percent from the previous day, its strongest showing since November eleventh.
The exchange rate has dropped 119 won over the last five days.
On the stock market, the Korea Composite Stock Price Index inched up 8.7 points, or 0.8 percent to 1,154.
The tech-heavy KOSDAQ index also rose 4.3 points, or 1.3 percent, to 328.
[Photo : ]