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FOREX - KOREAN WON ENDS HIGHER VS US DOLLAR - DEC 29, 2003.
(From Asia Pulse)
SEOUL, Dec 29 Asia Pulse - The South Korean won rose slightly against the dollar Monday on the Japanese yen's strong finish on the New York currency market in the previous session, dealers said.
The won added 2.10 to the greenback to end at 1,197.90, while the nation's benchmark bond yield held steady at 4.73 per cent. Korean stocks ended higher with the main market index rising 0.46 per cent to 792.44. The barometer of the tech-heavy KOSDAQ market climbed 1.85 per cent to 44.05.
Currency dealers said the yen's strong close last Friday prompted the Korean currency to end higher against the dollar. The won tends to move in tandem …
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