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EQUITIES

Bank stocks lowest since 4th August

SOUTH AFRICA

SA Stocks Slammed as Hang Seng & PGMs Plummet

EQUITIES

The main driver cross assets

POLAND

PPI Inflation Expected To Accelerate To 9.3%

EQUITIES

New session low for Stoxx600

KOREAN WON
KOREAN WON: USDKRW is trading just off its daily lows at 1119.0 as 2-year rates
sit just off their daily highs at 1.87% as speculation grows that the BOK will
tighten policy at next month's rate meeting on Oct 18, or at least before the
end of the year.
- A close below here in USDKRW would end the week on a bearish note, with the
pair dropping back below its 21-dma. 
- However, the rate picture would have to improve significantly in Korea to
justify continued won strength based on historical correlations between rate
US-Korea spreads and the USDKRW, which suggest the pair should be trading ~5-10%
higher.