USD/KRW sustains losses

USD/KRW sustains losses, at 1,394.65 vs 1,412.50 last close, on Kospi gains (last +2.4%), strong foreign interest in local stocks, says local bank trader. Foreigners currently net buyers in stock market, picking up KRW151 billion worth local shares so far today. Tips pair in tight 1,390-1,400 band for rest session; immediate support eyed at 1,390, next at 1,380. Samsung Futures currency analyst Jeon Seung-ji adds, nation's trade surplus so far this month (data from Korea Customs Service shows Korea posted $2.6 billion trade surplus in March 1-20 period), together with widespread expectations that nation will post large trade surplus this month supported KRW in March. USD/KRW climbed as high as 1,534 at end-February.