{"id":146747,"date":"2026-09-08T03:35:07","date_gmt":"2026-09-08T03:35:07","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/146747\/"},"modified":"2026-09-08T03:35:07","modified_gmt":"2026-09-08T03:35:07","slug":"won-nears-two-year-peak-as-chip-stocks-rally","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/146747\/","title":{"rendered":"Won Nears Two-Year Peak as Chip Stocks Rally"},"content":{"rendered":"

Market Move<\/p>\n

The currency strengthened as much as 1.3%, reaching 1,334.70 per dollar, a level last seen in October 2024. A quick gauge of how fast things are moving, the relative strength index, climbed to its most elevated reading since 2013.<\/p>\n

What Drove It<\/p>\n

Semiconductor heavyweights Samsung Electronics<\/a> Co. and SK Hynix Inc. led the stock advance. Adding to the move, overseas funds accumulated a net 1.8 trillion won<\/a> in Korean shares on the Kospi Index – about $1.3 billion. Exchange figures show overseas buying has now continued for a third session, helping lift the currency.<\/p>\n

Signs of Caution<\/p>\n

By the afternoon, the won’s advance cooled to a 0.4% gain versus the dollar. Geoffrey Yu of Bank of New York Mellon, where he serves as a senior strategist, said, “The Korea won strength, at around 6% year to date, also looks increasingly stretched and could encourage domestic asset managers to unwind foreign-asset hedges or prompt renewed retail outbound equity investment.” Separately, Yonhap Infomax reported the National Pension Service paused foreign-exchange hedging and restarted buying dollars. After Bloomberg News contacted it, the pension fund provided no comment.<\/p>\n

When currencies and equities shift, a steady investing plan can help you stay on course with the free Always Be Buying E-Book<\/a><\/p>\n

What This Means For Your Portfolio<\/p>\n

“With long-won positions having built up broadly in recent weeks, the report was seen as a signal that authorities may be growing uncomfortable with the pace of the currency’s gains, prompting dollar short-covering,” said Paik Seokhyun, economist at Shinhan Bank in Seoul. There is a clear bid for Korean assets that could keep the won supported, but the speed of the climb may be tougher to maintain. For anyone with Asia exposure, it is a reminder that strong trends can run long, then pause fast.<\/p>\n

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