Korean won posts biggest monthly gain since 2009 on SK hynix ADR inflows

The South Korean won appreciated at its fastest monthly pace since 2009, driven largely by a surge in US dollar inflows into the country's foreign exchange market following SK hynix Inc.'s American depositary receipt offering on the Nasdaq, industry data showed Sunday. The won was quoted at 1,424 per US dollar at 3:30 p.m. Friday, up 125.4 won from the end of June, according to foreign exchange data. The monthly gain was the largest since March 2009, when the won strengthened by 150.5 won agains

By The Korea Herald