USD/KRW catches up with yesterday's......>

KOREAN WON: USD/KRW catches up with yesterday's risk-off flows, which continued

after onshore KRW finished trading. Speculations surrounding the health

condition of North Korea's Supreme Leader Kim remain in focus, with U.S. Pres

Trump claiming that "we don't know" if the rumours are true. Heightened sense of

uncertainty remains, as North Korea doesn't have a clear line of succession

(though many see Kim's sister as his heir apparent), while geopolitical

consequences of any change in the country's leadership are hard to predict.

- Elsewhere, Yonhap reported that the gov't will unveil new employment measures

at an emergency meeting chaired by Pres Moon.

- In local data, South Korea's PPI inflation printed at -0.5% Y/Y in March.

- USD/KRW last sits +5.30 fig. at KRW1,234.90. A rally above Apr 2 high of

KRW1,242.55 would put bulls in the driving seat, bringing Mar 24 low of

KRW1,249.65 into play. Conversely, losses through the 50-DMA at KRW1,216.06

would open up Apr 10/Mar 27 lows of KRW1,206.90/1,205.20. A break below these

levels is needed to put bears in control.

- South Korea will publish preliminary GDP data for Q1 on Thursday.