Economic Calendar

Monday, November 3, 2008

Korean Won Erases Losses as Global Funds Buy Stocks Fourth Day

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By Kim Kyoungwha

Nov. 3 (Bloomberg) -- The South Korean won erased earlier losses as global funds bought more shares than they sold for a fourth straight day.

The won traded at 1,291.90 per dollar as of 9:46 a.m. local time, compared with 1,291 won on Oct. 31, after falling as much as 1.7 percent earlier, according to Seoul Money Brokerage Services Ltd. The Kospi index gained 2.6 percent.

To contact the reporters on this story: Kim Kyoungwha in Beijing at kkim19@bloomberg.net.




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