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CHINA: Country Wrap: Banks Urged to Lend in H1

CHINA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • The financial regulator in Korea has indicated that policy lenders have been instructed to provide their low interest rate roans to corporates in the first half of the year in efforts to boost the flagging economy. (source: The Korea Times)
  • The "4Q and Annual Regional Economic Trends in 2024" released by the National Statistical Office shows that consumers are spending less due to the outlook for the economy and higher debt levels (source: Maeil Business).
  • Korean risk appetite remains robust as expectations for a new budget, coupled with growing calls for rate cuts sees the KOSPI up 1.8% today and over 3% for the week.
  • KRW:  a slow day for the won , gaining +0.3% to 1,438.92.
  • Bonds:  KTB’s ignore the US move higher in yields with intermediate maturities 1-1.5bp lower in yield, whilst the 10YR was unchanged at 2.88%. 
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  • The financial regulator in Korea has indicated that policy lenders have been instructed to provide their low interest rate roans to corporates in the first half of the year in efforts to boost the flagging economy. (source: The Korea Times)
  • The "4Q and Annual Regional Economic Trends in 2024" released by the National Statistical Office shows that consumers are spending less due to the outlook for the economy and higher debt levels (source: Maeil Business).
  • Korean risk appetite remains robust as expectations for a new budget, coupled with growing calls for rate cuts sees the KOSPI up 1.8% today and over 3% for the week.
  • KRW:  a slow day for the won , gaining +0.3% to 1,438.92.
  • Bonds:  KTB’s ignore the US move higher in yields with intermediate maturities 1-1.5bp lower in yield, whilst the 10YR was unchanged at 2.88%.