FX.co ★ South Korean Won Falls on Persistent FX Flows

The South Korean won weakened to around 1,530 per dollar, retreating from levels near 1,520 in the previous session amid continued pressure from foreign-exchange flows. Overseas investors extended their selling streak in local equities, even as domestic retail investors helped underpin the stock market. Authorities have tightened oversight of non-deliverable forward trading and reiterated calls for exporters to swiftly convert their overseas earnings into won to bolster dollar supply conditions. Policymakers are also maintaining close surveillance of major banks and reaffirming measures designed to curb excessive speculation and stabilize the foreign-exchange market. Overall sentiment remained cautious, with lingering uncertainties over developments in the Middle East weighing on risk appetite across Asian markets.