# Seoul: Stocks, won rise as exports growth supports sentiment - The Business Times

> South Korea's KOSPI rose about 0.66% to 2,438.96 and the won strengthened to around 1,075 per dollar after end-month exports data showed robust growth. The won gained 0.3% on the week, its biggest weekly gain since May 11.

- Date: 2018-05-31 · published 2018-05-31T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/65237-seoul-stocks-won-rise-as-exports-growth-supports-sentiment-the-business-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Strong Korean export growth signals healthy demand for Korean feed-importing industry and supports the won, which slightly lowers local import costs for feed ingredients priced in dollars.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/seoul-stocks-won-rise-exports-growth-supports

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.