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Won Daily Trading Volume Jumps on Extended Hours, Stock Selloff

Key Points

Currencies Won Daily Trading Volume Jumps on Extended Hours, Stock Selloff Daily trading volume in the South Korean won has picked up since 24-hour trading began two weeks ago, a trend driven by foreigners offloading local chipmakers’ shares. Roughly $18.6 billion of dollar-won spot trading took place on average per day from July 6 to July 16, according to data from the Seoul Money Brokerage Services Ltd. and Korea Money Brokerage Corp. That’s around 16% higher than the daily average of the...

Currencies Won Daily Trading Volume Jumps on Extended Hours, Stock Selloff Daily trading volume in the South Korean won has picked up since 24-hour trading began two weeks ago, a trend driven by foreigners offloading local chipmakers’ shares. Roughly $18.6 billion of dollar-won spot trading took place on average per day from July 6 to July 16, according to data from the Seoul Money Brokerage Services Ltd. and Korea Money Brokerage Corp. That’s around 16% higher than the daily average of the 30 days prior to July 6, when full-day trading began. The data doesn’t separate day and night trading and also omits July 17, a holiday in Korea.
Won Daily Trading Volume Jumps (ORG) the South Korean (LOCATION) the Seoul Money Brokerage Services Ltd. (ORG) Korea Money Brokerage Corp. (ORG) Korea (LOCATION)
Originally published by Bloomberg Technology Read original →