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SOUTH KOREA: Seoul Apartment Prices Fall.

SOUTH KOREA
GlobalEM BulletBulletSouth KoreaAPACEmerging Market NewsRegion
  •  Apartment prices in Seoul slipped for the first time in nine months, in the latest data supporting the Bank of Korea’s policy pivot last month and foreshadowing the potential for an acceleration of monetary easing next year source: BBG).
  • South Korea Assembly Considers Bill to Partially Amend VAT Act (source:  BBG)
  • Key data out this week will be PPI, Early Imports and Exports and Retail Sales which are all vitality important ahead of November 28 BOK meeting.
  • Korea’s KOSPI had a tough week last week, falling -5.63%.  It has had a strong start to the week up very strongly +1.90%
  • KRW – The Won was steady last week, despite volatility seen in other markets down -0.18%.  It has started the week on a stronger note
  • Bonds: Bond yields drifted marginally higher last week with the 10yr up 3bps to 3.08% and has started the week slightly stronger at 3.07%. 
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  •  Apartment prices in Seoul slipped for the first time in nine months, in the latest data supporting the Bank of Korea’s policy pivot last month and foreshadowing the potential for an acceleration of monetary easing next year source: BBG).
  • South Korea Assembly Considers Bill to Partially Amend VAT Act (source:  BBG)
  • Key data out this week will be PPI, Early Imports and Exports and Retail Sales which are all vitality important ahead of November 28 BOK meeting.
  • Korea’s KOSPI had a tough week last week, falling -5.63%.  It has had a strong start to the week up very strongly +1.90%
  • KRW – The Won was steady last week, despite volatility seen in other markets down -0.18%.  It has started the week on a stronger note
  • Bonds: Bond yields drifted marginally higher last week with the 10yr up 3bps to 3.08% and has started the week slightly stronger at 3.07%.