South Korea's Korean Won Strengthens on First Day of 24-Hour Trading

According to Jin10 Data, the Korean won strengthened slightly against the U.S. dollar on July 6, its first day of around-the-clock trading. The government's implementation of 24-hour trading represents a key effort to improve market access for foreign investors and support the country's bid for inclusion in the MSCI Developed Markets Index. South Korea's Finance Vice Minister Moon Ji-sung stated on Friday that regulators would monitor overnight trading sessions before the official Monday rollout.
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