South Korea's central bank kept policy interest rates unchanged on Thursday, wary of worsening an overheating housing market and a declining currency, but left the door open for another cut, pushing the won down even further against the dollar.

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South Korea's central bank kept policy interest rates unchanged on Thursday as a resurgence in home prices and a declining currency against the dollar reduced the scope for further easing. The Bank of Korea's seven-member monetary policy board voted to keep its benchmark interest rate unchanged at 2.

South Korean stocks opened sharply higher Friday, led by gains in major technology and financial shares, as easing tensions between the United States and China