South Korean Currency Rose Against Dollar

The South Korean won gained against the dollar on Wednesday, helped by higher stocks on a drop in oil prices and as the country was suspected of selling dollars to tackle inflation in Asia's fourth-largest economy.

The won was quoted at 1,013.4/3.7 per dollar as of 0305 GMT, compared to Tuesday's domestic close of 1,017.6

The local currency's gains were limited by importers' dollar demand for settlements and as foreign investors kept unloading Seoul shares, traders said.