S.Korea won, bonds rise on US Fed stimulus hopes

SEOUL: The South Korean won was higher in early domestic trade Thursday, buoyed by news that the US Federal Reserve may move to carry out another round of monetary stimulus unless the economic growth picks up sharply.

The local currency was quoted at 1,131.8 against the dollar as of 0025 GMT, compared with 1,135.9 at the end of onshore trade Wednesday.

The benchmark Korea Composite Stock Price Index was down 0.2 percent at 1,931.07.

September futures on three-year treasury bonds were up 0.10 points at 105.89.