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The won has diverged from Korean equities.....>

KOREA
KOREA: The won has diverged from Korean equities today with USDKRW recovering
from its opening lows to drift higher throughout the day, currently at 1123.9,
even as the Kospi has recovered its losses to target the key 2100 level.
- The 21-day rolling correlation between the won and stocks has fallen sharply
in recent days as the won's correlation with regional FX has risen. 
- The correlation between KRWJPY and global equities has risen in recent weeks
but the cross remains elevated relative to stocks based on historical
correlations. 

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