9 April 2026Markets & Economy
Korean won hits longest rally since 2013 as risks fade
The Korean won strengthened 0.8% to 1,425.25 per dollar, marking its seventh straight daily gain—the longest streak since January 2013. The KOSPI surged 6.87% to close at 5,872 as the Iran ceasefire eased energy import concerns for the trade-dependent economy. Foreign investors bought $2.8 billion in Korean stocks year-to-date, driven by AI optimism around Samsung and upcoming FTSE bond index inclusion, with MUFG targeting 1,385 per dollar by year-end.
From Vance leads Iran talks as oil plunges, won rallies