Currencies
South Korea to Run Final Tests Before Won Trading Hours Extend
- Simulations on Thursday, Friday will be last before the change
- Extension to 2 a.m. close time is set to occur on July 1
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South Korea will simulate extended trading hours for the won during its final trial series before the official start of longer sessions next month.
Trading will continue past the current 3:30 p.m. official closing time for the onshore won and last through 2 a.m. on Thursday, Korea’s FX Committee said in a statement emailed to local banks and obtained by Bloomberg. That will be the first time trading goes past 3:30 p.m. without a break.