SEOUL: The South Korean won was up in early domestic trade Thursday, tracking regional currencies' gains against the dollar but trapped in a narrow band as investors await economic indicators from China.
The local currency was quoted at 1,067.3 against the dollar as of 0244 GMT, compared with Wednesday's domestic closing level of 1,070.4.
But dealers said there was an absence of major cues. China is due to disclose indicators including industrial output and retail sales later in the day, which may help gauge the health of the world's second-largest economy.
"Investors are treading cautiously while local exporters and importers are also in a wait-and-see mode," one currency dealer said.
Another dealer said that it would be easier for investors to look to buy dollars on its lows, given how worries about the risk of a rapid slowdown in China continues to dominate market sentiment.
The benchmark Korea Composite Stock Price Index was up 0.6 percent at 1,943.64.
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