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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 ends up 2.3 pct on package, rate hope Reuters - 1 hour 38 minutes ago SEOUL, Nov 3 - The South Korean won ended local trade up 2.3 percent against the dollar on Monday as the government unveiled a $11 billion economic stimulus package, easing worries about a slowdown in Asia's fourth-largest economy. The won <KRW=> also found further support from rising hopes for a further interest rate cut by the central bank, which could help stablise economic jitters and attract more investors to local assets, and as exporters bought the unit for settlements. The local currency was quoted at 1,261.6/3.0 per dollar as of 0600 GMT, compared with Friday's domestic close <KRW=KFTC> of 1,291. The won rose to as high as 1,253.9. 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: China's Economy Australian house prices slow; retail, job ads fallAP - 37 minutes ago China's central bank relaxes loan restrictionsAFP - 1 hour 12 minutes ago S.Korea won ends up 2.3 pct on package, rate hopeReuters - 1 hour 38 minutes ago Asian shares up, SKorea unveils stimulus packageAFP - 1 hour 46 minutes ago Related Articles: Business India markets cheer rate cut, growth worries remainReuters - 45 minutes ago TOPWRAP 2-More rate cuts ahead; S.Korea plans $11 bln stimulusReuters - 46 minutes ago Pakistani c.bank sells 34.5 bln rupees of T-billsReuters - 52 minutes ago Zurich enters Islamic insurance JV in Abu DhabiReuters - 57 minutes ago DEALTALK-Aussie REITs chase funds; investors want discountsReuters - 59 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Hamilton pips Massa to Formula One title in tense Brazil finale Obama and McCain duel in final hours of White House race Formula One driver Hamilton wins 2008 F1 championship Australia anxious as Indonesia prepares to execute Bali bombers Australian F1 race posts record financial loss View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

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