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Korean stocks are under pressure again........>

KOREA
KOREA: Korean stocks are under pressure again today, down 1.5% after having hit
resistance just ahead of 2100 on Friday, keeping the broader bearish trend
intact. 
- Equity weakness is weighing on rate markets, with interest rate swaps down
roughly 1bps across the board. The 2-year swap trades at 1.9050%, keeping the
US-Korea spread near cycle highs at 120bps, just off last month's high of
122.5bps.
- USDKRW trades just off daily highs, currently at 1123.50, maintaining up
trendline support from the June lows. A break above Friday's high of 1128.75
would reignite upside momentum.  

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