The South Korean won rose against the dollar on Thursday as a jump in Chinese shares lent support to regional markets and other risky assets, but gains were limited by a foreign sell-off of local shares. The won ended the session at 1,246.7/7.0 per dollar, up from Wednesday's domestic close of 1,255.8.
The currency also received support early in the session from the dollar's decline against major currencies overnight, although the dollar index against a basket of currencies edged higher in Asia trade on Thursday. "The (local) stock price index rose and that supported the won, but the won faced resistance at around 1,245 as foreign investors were net sellers and traders still felt unsure about the stability in equities markets," said dealer.
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