According to Jin10, the South Korean won rose sharply on Monday to its highest level in two years, supported by lower international oil prices and heavy dollar selling by local companies. After a three-day holiday, the South Korean market resumed trading, and the won briefly gained 0.8% to 1,333.30 per dollar before trimming its advance to 0.5%. Most other Asian currencies also strengthened. Min Gyeong-won, an economist at Woori Bank in Seoul, said the won's strength was in line with the broader weakness in the dollar, while the euro, pound and yen also rose as oil prices fell. He said dollar selling by exporters, especially semiconductor companies, would continue to support the won, although market liquidity was thin that day. The won has gained 7.7% so far this year and has shifted from one of Asia's worst-performing currencies in the first half to one of the region's best performers in the second half.