December 24, 2024 05:01 GMT
SOUTH KOREA: Country Wrap - Political Storm Hammers Consumer Confidence.
SOUTH KOREA
- The Korean consumer has given a clear message to the Politicians in the BOK consumer survey with the December results collapsing to 88.4 (below 100 equals pessimism) and with all major indicators from the domestic economy collapsing. (source: MNI – Market News).
- The KOSPI is trying to stay positive, up +0.05% today.
- KRW: off again today, down -0.05% at 1452.94.
- Bonds: yields have drifted higher across the curve with longer dated the worst performers. 10YR 2.89% (+4bps), 20YR 2.825% (+6bp).
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