MNI China Daily Summary: Thursday, March 13

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SOUTH KOREA: Economic Growth Outlook Lower:  Survey. 

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • Economists expectations for growth in South Korea were lowered for 2025 in a survey conducted by BBG.  A prior survey had growth expectations at +1.8% and this has now declined to +1.6%.  The Bank of Korea next meets on February 25. During the press conference following the last BOK meeting the Governor indicated they were in a rate cutting phase yet since then he has pushed back onto the government with suggestions that a fiscal response is needed to support ailing growth.
  • The KOSPI is enjoying a strong week, fueled by speculation of an ancillary budget.  The KOSPI is up by +1.13% today to mark three successive days of gains.
  • KRW: in a strong day for its ASEAN peers, the Won was one of the better performers rising +.407% to 1,447.91.
  • Bonds: a mixed day for cash bonds with intermediate maturities lower in yield and longer bonds higher in yield.  KTB 10YR 2.894% +0.5bps. 
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  • Economists expectations for growth in South Korea were lowered for 2025 in a survey conducted by BBG.  A prior survey had growth expectations at +1.8% and this has now declined to +1.6%.  The Bank of Korea next meets on February 25. During the press conference following the last BOK meeting the Governor indicated they were in a rate cutting phase yet since then he has pushed back onto the government with suggestions that a fiscal response is needed to support ailing growth.
  • The KOSPI is enjoying a strong week, fueled by speculation of an ancillary budget.  The KOSPI is up by +1.13% today to mark three successive days of gains.
  • KRW: in a strong day for its ASEAN peers, the Won was one of the better performers rising +.407% to 1,447.91.
  • Bonds: a mixed day for cash bonds with intermediate maturities lower in yield and longer bonds higher in yield.  KTB 10YR 2.894% +0.5bps.