Friday, October 10, 2008

S.Korea won extends gains, up 9 pct vs session low

SEOUL, Oct 10 (Reuters) - The South Korean won extended gains after recovering from an earlier steep loss against the dollar on Friday as dealers said they believed the authorities to be selling dollars throughout the day to lift the local unit.

The won rose to as high as 1,329.9 per dollar from Thursday's domestic close of 1,379.5. It now represents a gain of 9.3 percent from the day's low.

(Reporting by Yoo Choonsik; Editing by Keiron Henderson - Thomson Financial News)

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