Won hits five-month high as Kospi remains volatile

The South Korean won strengthened to its strongest intraday level in about five months Thursday, reaching the 1,430 range even as the Kospi remained volatile following two days of steep losses.

As of 2:30 p.m., the won was trading at around 1,438.8 per dollar.

The exchange rate stood at 1,442.5 at 9 a.m., the start of Seoul's daytime trading, and fell as low as 1,435.9 at around 9:16 a.m.

That marked the won's strongest intraday level since Feb.

27, when the rate touched 1,430.5.

The move extend ...