empty
 
 

2026.11.0504:43:52UTC+00South Korean Won Weakens on Foreign Outflows

The South Korean won weakened to around 1,342 per dollar, erasing recent gains as heavy foreign selling of local equities—especially semiconductor stocks—boosted demand for the US dollar. Foreign investors offloaded a net KRW 1.26 trillion in South Korean shares, while the KOSPI slumped nearly 4% amid concerns that a Democrat-controlled US Congress could impose stricter regulations on AI and data centers. The sharp downturn triggered a sell-side sidecar on the Korea Exchange, halting program trading in KOSPI-listed stocks for five minutes.

The won’s slide came despite overall dollar softness and a record current account surplus of $61.46 billion in September, supported by strong semiconductor exports. Year to date, the won has depreciated 6.95% against the US dollar.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback