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SOUTH KOREA: Country Wrap: KRW Down 1.5% on the Week. 

SOUTH KOREA
  • Key Ally of South Korea’s Leader Now Wants Him Gone in Shift (source: BBG)
  • South Korean Finance Chief Calls Recession Fears ‘Excessive’ (source: BBG)
  • The KOSPI is completing a horrible week given the political turmoil and is down -0.65%
  • KRW is on track to finish the week down -1.5% on political turmoil.
  • Bonds are factoring in rate cuts sooner with yields lower.  2YR 2.77% (-1bp) and 10YR 2.744% (-1bp). 
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  • Key Ally of South Korea’s Leader Now Wants Him Gone in Shift (source: BBG)
  • South Korean Finance Chief Calls Recession Fears ‘Excessive’ (source: BBG)
  • The KOSPI is completing a horrible week given the political turmoil and is down -0.65%
  • KRW is on track to finish the week down -1.5% on political turmoil.
  • Bonds are factoring in rate cuts sooner with yields lower.  2YR 2.77% (-1bp) and 10YR 2.744% (-1bp).