South Korea’s won traded within 0.2 percent of the highest level since January after U.S. Senate leaders said they would restart talks to raise the nation’s debt limit. Government bonds declined.
Senators are optimistic an agreement is “within reach,” said a spokesman for Majority Leader Harry Reid. South Korea’a adjusted jobless rate fell to 3 percent in September, the lowest since December 2012, official data showed today. Overseas investors bought more local equities than they sold for the 34th day, according to exchange data. Daewoo Shipbuilding & Marine Engineering Co. received a 1.33 trillion won ($1.2 billion) order, the company said in a regulatory filing.
“Traders are cautious until the U.S. debt talks result in a deal,” said Han Sung Min, a currency trader at Busan Bank in Seoul. “We expect some dollar supplies from shipbuilders, which may support the won.”
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