InfoAnda - S.Korea won up 14.2 pct, biggest pct rise in 11 yrs

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Singapore Asia Pacific World Search Search: S.Korea won up 14.2 pct, biggest pct rise in 11 yrs Reuters - 1 hour 38 minutes ago SEOUL, Oct 30 - The South Korean won <KRW=> ended local trade up 14.2 percent against the dollar at a two-week high on Thursday, posting its biggest daily percentage rise in 11 years, helped by a $30 billion currency swap deal with the United States. The won found further support from sharp gains in Seoul shares as foreign investors turned net buyers and after parliament approved government plans to guarantee up to $100 billion of local commercial banks' foreign-currency borrowings. The won was quoted at 1,249.9/1.1 per dollar as of 0600 GMT, compared with the Wednesday's domestic close <KRW=KFTC> of 1,427. The day's percentage rise was the biggest since a 22.6 percent surge on Dec. 26, 1997. The South Korean unit's closing was the highest since Oct. 15. Seoul shares <.KS11> closed up 12 percent. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Mitsubishi Electric lowers profit forecastAFP - 1 hour 12 minutes ago South Korean stocks rise 11.95 percent, won surgesAP - 1 hour 19 minutes ago Credit crisis delays IPO for Bangladesh's GrameenphoneAFP - 1 hour 22 minutes ago Asian stocks soar on US Fed rate cutAFP - 1 hour 23 minutes ago Hitachi swings to H1 profit but cuts outlookReuters - 1 hour 27 minutes ago Most Popular – Business Viewed When men see red, they see hot: study World's fattest man weds friend's widow Obama set for prime-time appeal to voters Global financial woes hit China's 800 million farmers: state media Desperate pleas end in despair as starlet's nephew found dead View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

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S.Korea won up 14.2 pct, biggest pct rise in 11 yrs
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