EM ASIA FX-Won leads Asia FX gains on U.S. debt deal hopes

Reuters

(Updates prices. For midday story, double-click

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SEOUL, Oct 15 (Reuters) - The South Korean won hit a near

nine-month high on Tuesday, leading gains in emerging Asian

currencies, on growing hopes for a deal to reopen the U.S.

government and avert a possible debt default.

China's yuan hit a record high for a second

consecutive session, supporting regional peers.

The won rose 0.5 percent to 1,066.7 per dollar in

local trade, its strongest since Jan. 24, on demand from

offshore funds and exporters.

The South Korean currency found more support from stop-loss

dollar selling despite increasing caution over possible

intervention by the foreign exchange authorities to stem its

appreciation.

The Taiwan dollar gained on stock inflows.

The Thai baht also advanced. Most other Southeast

Asian markets were closed for holidays.

CURRENCIES VS U.S. DOLLAR

Change on the day at 0800 GMT

Currency Latest bid Previous day Pct Move

Japan yen 98.40 98.59 +0.19

*Sing dlr 1.2422 1.2438 +0.13

Taiwan dlr 29.426 29.495 +0.23

Korean won 1066.23 1071.50 +0.49

Baht 31.23 31.32 +0.29

*Peso 43.15 43.15 +0.00

*Rupiah 11360.00 11355.00 -0.04

Rupee 61.53 61.55 +0.03

*Ringgit 3.1800 3.1805 +0.02

Yuan 6.1021 6.1079 +0.10

Change so far in 2013

Currency Latest bid End prev year Pct Move

Japan yen 98.40 86.79 -11.80

Sing dlr 1.2422 1.2219 -1.63

Taiwan dlr 29.426 29.136 -0.99

Korean won 1066.23 1070.60 +0.41

Baht 31.23 30.61 -1.99

Peso 43.15 41.05 -4.87

Rupiah 11360.00 9630.00 -15.23

Rupee 61.53 54.99 -10.63

Ringgit 3.1800 3.0580 -3.84

Yuan 6.1021 6.2303 +2.10

* Financial markets in Indonesia, Malaysia, Philippines and

Singapore were closed for holidays.

(Reporting by Jongwoo Cheon; Editing by Kim Coghill)

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