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SOUTH KOREA: Country Wrap – First 20 Days Exports Rebound Strongly.

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • South Koreans appear to be reacting to the rate cuts with retail sales number strong in November up 8.0% y/y following on from +6.7% the month prior. (source: MNI – Market News)
  • South Korea’s early export release indicates that December is on track to be a strong month with exports up +6.8% y/y for the first 20 days of December, up from +5.8% the month prior. (source: MNI – Market News)
  • A very strong start for the KOSPI is welcome news following the last weeks, up +1.6% today.
  • KRW: the Won hasn’t enjoyed the same day as many of it’s regional counterparts, falling -0.33% today.
  • Bonds: KTB 10YR -4bps today to 2.836%.
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  • South Koreans appear to be reacting to the rate cuts with retail sales number strong in November up 8.0% y/y following on from +6.7% the month prior. (source: MNI – Market News)
  • South Korea’s early export release indicates that December is on track to be a strong month with exports up +6.8% y/y for the first 20 days of December, up from +5.8% the month prior. (source: MNI – Market News)
  • A very strong start for the KOSPI is welcome news following the last weeks, up +1.6% today.
  • KRW: the Won hasn’t enjoyed the same day as many of it’s regional counterparts, falling -0.33% today.
  • Bonds: KTB 10YR -4bps today to 2.836%.