South Korean won up for 3rd session, touches near 3-week high

SEOUL: The South Korean won rose for a third straight session on Wednesday and touched a near three-week high on continued offshore demand for the local currency.

The won finished onshore trade up 0.3 percent at 1,100.8 per dollar compared to its previous domestic close at 1,104.6 on Tuesday.

The currency rose as high as 1,100.7, its strongest since March 6, prompting some caution among investors that foreign exchange authorities may intervene to curb the won's strength.

The Korea Composite Stock Price Index (KOSPI) ended nearly flat at 2,042.81 points, compared to the previous close of 2,041.37 points.