The South Korean won hovered around 1,495 per dollar, stabilizing after having fallen to its weakest level since 2009 in the previous session. The pause came following verbal intervention from authorities signaling their intent to curb further losses. Finance Minister Koo Yun-cheol said the government is ready to take action if currency volatility intensifies. After meeting with Japan’s top financial officials in Tokyo, he added that authorities are closely watching exchange rate movements and may issue public warnings to help ease pressure on the won.
Despite these assurances, investor sentiment remained fragile amid surging energy prices. Oil rose sharply after President Donald Trump suggested that the standoff with Iran could continue for several more weeks. Now entering its third week, the conflict has disrupted oil flows and heightened concerns about prolonged supply constraints.
