Korean Won Drops for Third Day as Government Reiterates Concern at Rally

(Bloomberg) -- South Korea's won rose, reversing
earlier losses, on speculation increasing exports will help
boost growth in Asia's third-largest economy.

The won is set for a fourth weekly gain as equity purchases
by overseas investors helped send the benchmark stock index to a
series of records. The currency opened the day lower on concern
the central bank would sell it after officials this week
stressed they would take action to curb its advance.


Read more at Bloomberg Emerging Markets News