Won rises as continued U.S. stimulus boosted emerging-market shares

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Source: Bloomberg
The South Korean currency gained on Monday rallying for the third successive session as abroad traders increased purchases of local stocks after the Federal Reserve Chairman-nominee signaled continued stimulus boosting emerging markets. The Won advanced 0.2% to 1,061.76 per U.S. Dollar by 10:18 a.m. Seoul time.

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Mon, 18 Nov 2013 12:35:04 GMT

Japan's shares are set to surpass this year's high set in May

Japan's equities are likely to surpass this year's high reached in May after the Federal Reserve Chairman-nominee Janet Yellen signaled monetary stimulus may continue weakening the Japanese currency. Japan's benchmark index Nikkei 225 Stock Average climbed 7.7% last week, the largest rally in four year, while broadest Topix index jumped 5.3% in a five-day period through November 15.

Mon, 18 Nov 2013 12:13:04 GMT

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