The South Korean won bounced back against the greenback after falling to a 4-day low of 1342.85 during Monday's early Asian trading, by about 8:30 pm ET. The won rose to 1328.50 within a few minutes, which may be compared to Thursday's New York session closing value of 1329.10. As of now, the pair is trading at 1333.00.
On Friday, the markets in the U.S. and Europe were closed on account of Good Friday. The stock market in South Korea is trading in positive territory on Monday morning, led by automakers and ship builders on expectations of revival in the global economy. The benchmark KOSPI Index opened Monday's session at 1,342, higher than its previous close of 1,336, and is currently trading at 1,339, up 3.37 points, or 025%.
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