South Korean Won Strengthens on Dollar Sales and Risk-Taking Mood
The South Korean won has appreciated against the U.S. dollar due to increased investor confidence and dollar sales.
The South Korean won has appreciated against the U.S. dollar due to increased investor confidence and dollar sales.
On November 9, 2026, the South Korean won strengthened against the U.S. dollar, reflecting a shift in market sentiment. The won was trading at 1,347.1 won per dollar, gaining 9.5 won from the previous session.
This increase is attributed to local exporters selling dollars and a growing risk-taking attitude among investors as fears surrounding artificial intelligence began to ease. At one point, the won reached a high of 1,346.7 won per dollar during afternoon trading.
Despite this positive movement, the won's gains were somewhat restrained as foreign investors continued to sell off local stocks for the seventh consecutive session. In the latest trading, foreign investors sold a net 693 billion won, approximately $514 million, in local shares.
The benchmark Korea Composite Stock Price Index fell by 0.81%, closing at 5,018.85. The current market dynamics indicate a cautious optimism as investors navigate through uncertainties in the AI sector and other economic factors.
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