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SOUTH KOREA: Country Wrap: Growth Outlook Cut by IMF.

SOUTH KOREA
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  • South Korea’s Producer prices rose +1.0% for October, in line with September.
  • Korean Growth Outlook Cut by IMF (source:  BBG).
  • Korea’s KOSPI continues to perform again today up +0.60%.
  • KRW – has traded in very tight ranges in recent days and continued today at 1,390, following yesterday’s close of 1,392.80.  
  • Bonds: Korean Government bonds were well supported on the back of the IMF downgrade with yields across the curve lower, the 5-year the outperformer down 6.5bps to 2.955%. 
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  • South Korea’s Producer prices rose +1.0% for October, in line with September.
  • Korean Growth Outlook Cut by IMF (source:  BBG).
  • Korea’s KOSPI continues to perform again today up +0.60%.
  • KRW – has traded in very tight ranges in recent days and continued today at 1,390, following yesterday’s close of 1,392.80.  
  • Bonds: Korean Government bonds were well supported on the back of the IMF downgrade with yields across the curve lower, the 5-year the outperformer down 6.5bps to 2.955%.