1 Month USD/KRW Pulls Back From Highs, Tech Equity Futures Eyed

1 Month USD/KRW pulled back to 1350/51 in NY trade. Thursday highs were just above 1358. The 1 month NDF was close to unchanged for Thursday's session as a whole. Note onshore spot ended yesterday at 1359.85.

• Lower US yields helped the 1 month NDF move lower through NY trade, which offset another weaker equity backdrop in major global indices. The tech space also faltered further, with the SOX down just over 0.50%, while the MSCI IT fell by ~2%.
• The early tone today has been positive in Nasdaq futures though, up 0.70%. This follows Amazon and Intel gains in late US trading, after posting solid earning results (see this BBG link for more details).
• To recap, the Kospi fell 2.7% in Thursday trade, the index closing just under 2300. This was the weakest closing level since early January of this year. Offshore investors sold -$320.1mn of local shares.
• The local data calendar is empty until next week. Both BoK Governor Rhee and FinMin Choo appear before parliament today.