Korean won's 24-hour trading era begins with cheers, applause

Hooyeon Kim / Bloomberg

Jul 06

As the South Korean won embarked on its first day of 24-hour trading, the country's Finance Minister Koo Yun Cheol walked onto a bank trading floor to cheers and applause.(July 6): As the South Korean...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2649676272"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2649676272\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2649676272?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-06 07:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2649676272","market":"sg","top_or_hot":-1,"title":"Korean won's 24-hour trading era begins with cheers, applause","media":"Hooyeon Kim / Bloomberg","content":"<div>\n<p>As the South Korean won embarked on its first day of 24-hour trading, the country's Finance Minister Koo Yun Cheol walked onto a bank trading floor to cheers and applause.(July 6): As the South Korean...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/currencies/korean-wons-24-hour-trading-era-begins-cheers-applause?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Korean won's 24-hour trading era begins with cheers, applause</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKorean won's 24-hour trading era begins with cheers, applause\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-06 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/currencies/korean-wons-24-hour-trading-era-begins-cheers-applause?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Hooyeon Kim / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As the South Korean won embarked on its first day of 24-hour trading, the country's Finance Minister Koo Yun Cheol walked onto a bank trading floor to cheers and applause.(July 6): As the South Korean...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/currencies/korean-wons-24-hour-trading-era-begins-cheers-applause?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4535","symbol_name":"淡马锡持仓","start_time":0,"source_url":"https://www.theedgesingapore.com/news/currencies/korean-wons-24-hour-trading-era-begins-cheers-applause?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2649676272","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/currencies/korean-wons-24-hour-trading-era-begins-cheers-applause?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2649676272","pubTimestamp":1783293925,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"As the South Korean won embarked on its first day of 24-hour trading, the country's Finance Minister Koo Yun Cheol walked onto a bank trading floor to cheers and applause.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4535":"淡马锡持仓","FLKR":"Franklin FTSE South Korea ETF","KORU":"3倍做多韩国ETF-Direxion","EWY":"韩国ETF-iShares MSCI"},"translate_title":"韩元24小时交易时代在欢呼和掌声中开始","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/304204803caaea166b40eaa8ce23d347","symbols_score_info":{"KORU":1.5,"EWY":1.5,"FLKR":1.5},"content_text":"As the South Korean won embarked on its first day of 24-hour trading, the country's Finance Minister Koo Yun Cheol walked onto a bank trading floor to cheers and applause.(July 6): As the South Korean won embarked on its first day of 24-hour trading, the country's Finance Minister Koo Yun Cheol walked onto a bank trading floor to cheers and applause, as traders celebrated a key milestone in Seoul's years-long drive to modernise its foreign-exchange market.\nThe newly-renovated dealing room at Hana Bank, complete with high-tech features including a domed screen, was packed on Monday with traders and officials eager to celebrate the currency's round-the-clock debut. A huge monitor displayed two live feeds: one linking a Samsung Electronics Co official, the other showing traders in London. As Koo looked on, a trader on the floor executed a US$10 million ($12.93 million) dollar-won selling order for Samsung.\nThe extended trading hours could potentially bolster the case for the nation's upgrade to MSCI Inc's developed-market index, where accessibility has long been a stumbling block. The shift also reflects how the economy has evolved to one investing more overseas, making it harder to justify limiting trading to Korean business hours.\nThe won swung between losses and gains before trading at about 1,533 per dollar, after opening at 6am on Monday. Just last week, the currency had fallen towards its weakest since 2009, making the launch a delicate moment for regulators.\n\"This is the starting point for the won's global leap,\" Koo said. The move is designed to provide the level of accessibility and convenience in FX trading comparable to advanced markets, he added.\n\nThe government will monitor the market seamlessly and support frictionless round-the-clock trading, while continuing to push forward with the other FX market reforms, Koo added. \nUnprecedented\nThe shift is an unprecedented loosening of South Korea's grip on its currency, a policy shaped by the trauma of the 1997 Asian financial crisis that nearly brought the economy to its knees. For years, Korea has sought to leave behind its emerging-market status and be considered an advanced economy to lure more global investors.\nWhether liquidity holds up overnight will be put to test later Monday as Seoul traders head out of the office and the currency heads into London and New York trading hours.\n\"Theoretically, extended trading hours should cause more volatility in the near term as liquidity tends to thin out during outside regular trading hours,\" said Lim Hyeyoun, an economist at Hanwha Investment & Securities. But markets seem highly vigilant against possible intervention by authorities, Lim said.\nAuthorities have bolstered jawboning against excessive currency moves as the won continued to fall last week. Deputy Finance Minister Moon Jisung said Friday authorities would strengthen monitoring of the won's night trading session ahead of Monday's opening. The currency rebounded late last week after a Bloomberg report said officials were preparing for currency flows related to SK Hynix Inc's US offering of American depositary receipts.\nThe won remains one of Asia's weakest currencies this year as the Iran war led to higher energy prices and foreign investors sold domestic stocks to rebalance portfolios after stellar gains.\nUploaded by Chng Shear Lane","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}