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Asia currencies gain after global funds boost share holdings

Posted on 18 October 2011

Asian currencies strengthened, led by South Korea’s won, after international funds added to holdings of regional assets to benefit from growth in the world’s fastest-growing economies.
Global funds bought $1.5 billion more Indonesian, South Korean and Taiwanese shares than they sold last week, exchange data show. China’s gross domestic product increased more than 9 percent for a ninth quarter, official data will show this week, according to economists in a Bloomberg survey. ………………………………………Full Article: Source


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