FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BOK: Won Holding Modest Gains, Equities Firmer Post BoK Cut

BOK
GlobalEM BulletBulletSouth KoreaAPACEmerging Market NewsRegion

Market reaction to the BoK move is fairly modest so far, which is not surprising given it was widely expected to deliver the easing. USD/KRW spot sits off recent highs, last back under 1350. The won historically hasn't been that sensitive to monetary policy shifts. Onshore equities are holding in positive territory, the Kospi up close to 0.35%. While KTB futures are holding earlier gains. Focus will now be on the accompanying BoK statement and Governor Rhee's press conference to gauge follow up BoK risks. 

85 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Market reaction to the BoK move is fairly modest so far, which is not surprising given it was widely expected to deliver the easing. USD/KRW spot sits off recent highs, last back under 1350. The won historically hasn't been that sensitive to monetary policy shifts. Onshore equities are holding in positive territory, the Kospi up close to 0.35%. While KTB futures are holding earlier gains. Focus will now be on the accompanying BoK statement and Governor Rhee's press conference to gauge follow up BoK risks.