Korea FX Spot Trading Jumps 10% to $19.14 Billion After 24-Hour Launch
Updated
Updated · koreajoongangdaily.com · Aug 16
Korea FX Spot Trading Jumps 10% to $19.14 Billion After 24-Hour Launch
1 articles · Updated · koreajoongangdaily.com · Aug 16
Summary
$19.14 billion in average daily spot foreign-exchange transactions was recorded after Korea's 24-hour trading system went live on July 6, a 10% increase from before the launch.
The Finance Ministry attributed the rise to longer trading access, which allows market participants to transact beyond previous market hours.
The increase points to stronger liquidity in the won market as authorities push to modernize Korea's foreign-exchange infrastructure.
The data adds to signs of broader market activity in Korea, where equities have also rallied and the won has strengthened against the dollar.
Will South Korea's bold 24-hour currency trading system invite dangerous late-night speculation that ultimately forces unexpected government intervention?
Why are traders secretly piling into short positions even as South Korea's AI chipmakers push the market to record highs?
With emerging competitors gaining ground, could the current AI memory chip shortage unexpectedly trigger a brutal price war by 2028?