USD/KRW has slightly corrected...........>

KOREAN WON: USD/KRW has slightly corrected yesterday's spike, shedding 5.05 fig.

so far which puts it at KRW1,215.30. A deeper pullback could result in filling a

gap from the Feb 20 high of KRW1,201.95. Meanwhile, a multi-year high of

KRW1,223.10, last printed on Aug 6, remains in focus on the topside.

- KRW has regained some poise even as local consumer confidence data released

this morning was pretty horrific. The index dropped the most since the 2015 MERS

outbreak, plunging from 104.2 through the breakeven 100.0 mark to 96.9.

- Together with Q4 household credit (today) & Mar Business Surveys (Weds), the

aforementioned sentiment gauge was one of the last local data releases ahead of

Thursday's monetary policy decision from the BoK. The Bank will communicate its

decision online due to the virus outbreak.

- Participants are on the lookout for any details on supportive measures touted

by South Korean off'ls. In a Facebook post, FinMin Hong confirmed earlier

speculation that the authorities will seek extra budget to aid the economy.

Elsewhere, BoK Gov Lee held a meeting with snr off'ls yesterday.

- South Korea's case count stands at 833 with 7 fatalities reported so far.