The South Korean won gained against the vulnerable US dollar today even though fundamentals were not supportive to the Asian currency.
The KOSPI Index fell 0.5% today. The drop of the Korean stocks was led by Samsung shared, which lost 3% of their value after Samsung Group leader Jay Y. Lee was detained for questioning on bribery suspicion. The Bank of Korea left its main interest rate at the record low of 1.25% in line with market expectations.
USD/KRW dropped 0.82% to 1,174.98 as of 14:07 GMT today.
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