The won-dollar exchange rate opened at 1,459 won per U.S. dollar on the 10th. It fell 1.3 won from the previous day.
Overnight, the three major U.S. stock indexes in New York closed higher across the board. On the 9th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average rose 20.20 points (0.04%) from the previous session to close at 50,135.87. The Standard & Poor's (S&P) 500 rose 32.52 points (0.47%) to 6,964.82, and the Nasdaq composite added 207.46 points (0.9%) to finish at 23,238.67.
As investor appetite for risky assets has grown, the won-dollar exchange rate appears to have declined. When investor sentiment toward risky assets strengthens, demand tends to increase for the won, which is not a reserve currency.
Min Kyung-won of Woori Bank said, "New York stocks rebounded as concerns eased over expense burdens from expanded investment in artificial intelligence (AI) infrastructure, following Friday last week," adding, "Korea's stock market is also expected to see continued net inflows of foreign funds as risk asset investor sentiment recovers."