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SOUTH KOREA: Country Wrap: Producer Prices Up in November.

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News

 

  • South Korea will ease the cap on banks’ FX forward positions by 50% as part of measures (s to increase FX inflows and ease the demand and supply imbalances in the local FX market, the Bank of Korea and finance ministry say in a statement listing measures to improve FX market supply and demand. (source: BBG).
  • South Korea’s Political Turmoil Raises Support for Yoon’s Rival (source: BBG).
  • SK’s producer prices rose +1.4% y/y in November, following +1.0% in October, with the MoM price rise +0.1% (source: MNI – Market News).
  • SK’s KOSPI is having a very weak day, down 1.80% and looking to finish the week down over 4%.
  • KRW:  the Won is weaker again today down -.283% and looking to finish the week -1.05% lower.
  • Bonds: have reacted to the higher than expected PPI and following the lead from the US with higher yields across the curve, the KTB 10YR 2.86% (+5bp). 
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  • South Korea will ease the cap on banks’ FX forward positions by 50% as part of measures (s to increase FX inflows and ease the demand and supply imbalances in the local FX market, the Bank of Korea and finance ministry say in a statement listing measures to improve FX market supply and demand. (source: BBG).
  • South Korea’s Political Turmoil Raises Support for Yoon’s Rival (source: BBG).
  • SK’s producer prices rose +1.4% y/y in November, following +1.0% in October, with the MoM price rise +0.1% (source: MNI – Market News).
  • SK’s KOSPI is having a very weak day, down 1.80% and looking to finish the week down over 4%.
  • KRW:  the Won is weaker again today down -.283% and looking to finish the week -1.05% lower.
  • Bonds: have reacted to the higher than expected PPI and following the lead from the US with higher yields across the curve, the KTB 10YR 2.86% (+5bp).