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Price Signal Summary - BOND Bear Cycle Extends


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Markets Consolidate After Busy Week

Won Reverses Earlier Losses


USD/KRW is lower, the won managing to claw back some earlier losses as the greenback pulls back slightly as risk assets see a light bid. The pair last trades at 1115.10, down 1.05 on the day, after earlier touching as high at 1119.25.

  • Lee Nak-yon, the leader of South Korea's Democratic Party crossed the wires earlier saying the ruling party will prepare a fourth round of cash handouts and draw up extra budget to provide aid to all citizens as well as supports for small-merchants and others deeply affected by the pandemic.
  • Foreigners turned net buyers of South Korean equities again yesterday, the day closed out with net purchases of $446.69m after four consecutive sessions of outflows totaling around $4bn

  • Elsewhere South Korea's Vice FinMin Kim said the government was cognisant of risks, noting financial market volatility could increase depending on talks on U.S. stimulus package, hedge funds investments and concerns over delay in vaccine rollout in Europe