South Korea has extended its foreign exchange trading hours to boost access for investors in different time zones. This move aims to help the country earn developed-market status from the MSCI and join FTSE Russell’s World Government Bond Index. Local banks and financial companies are urged to actively participate in trading the onshore won when the extended hours begin next week. While this extension provides investors with more flexibility, it also poses the potential downside of increased market volatility. Meanwhile, Seoul shares unofficially closed up 0.49% late Friday morning.
South Korea has extended its foreign exchange trading hours to boost access for investors in different time zones, as it looks to earn developed-market status from the MSCI and join FTSE Russell’s World Government Bond Index. https://t.co/pMy42wYHxF
The South Korean won’s extended trading hours will give investors more flexibility about when to deal, but they also come with at least one potential downside: the threat of greater volatility https://t.co/7kFh4SP5L7
⚠️ SEOUL SHARES<.KS11> UNOFFICIALLY CLOSE UP 0.49%
Seoul shares up late Fri. morning https://t.co/8ENfRRXRfk
South Korea urges local banks and financial companies to actively participate in trading the onshore won when hours extend next week. https://t.co/O3ZYrMJ7mi