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SOUTH KOREA: Country Wrap:  New Stimulus in Pipeline. 

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • Korea seeks to bolster its position in the semi-conductor global supply chain with a fiscal support package announced to the value of US10bn (source: MNI – Market News).
  • A survey of manufacturers in Korea falls to 66 from 71 for the month ahead as to their general outlook for the economy (source: MNI – Market News).
  • Korea’s KOSPI was under pressure today falling -0.50%.
  • KRW:  very muted today ahead of the BOK tomorrow.  Little changed at 1,397.72
  • Bonds: saw lower yields ahead of tomorrow’s BOK decision (MNI expects no change) with yields 1-2bp lower.  KTB 10-year 2.88%
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  • Korea seeks to bolster its position in the semi-conductor global supply chain with a fiscal support package announced to the value of US10bn (source: MNI – Market News).
  • A survey of manufacturers in Korea falls to 66 from 71 for the month ahead as to their general outlook for the economy (source: MNI – Market News).
  • Korea’s KOSPI was under pressure today falling -0.50%.
  • KRW:  very muted today ahead of the BOK tomorrow.  Little changed at 1,397.72
  • Bonds: saw lower yields ahead of tomorrow’s BOK decision (MNI expects no change) with yields 1-2bp lower.  KTB 10-year 2.88%