MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI: ECB CUTS KEY DEPOSIT RATE BY 25 BP TO 3.0%

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI China Daily Summary: Thursday, December 12

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

MNI: CANADIAN OCT BUILDING PERMITS -3.1% MOM

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Won Weighed By Equity Tech Pullback, BoK Minutes Out Later Today

KRW

1 month USD/KRW spent most of the post Asia close pushing higher, albeit still well within recent ranges. The pair ended the NY session near 1231.50. Note onshore spot ended yesterday at 1227.40. The tech equity space corrected, as part of a broader correction in equities, which supported USD sentiment.

  • On the data front, IP figures for Dec have already printed, coming in weaker than expected. The m/m print fell -2.9% (-0.2% forecast), while the y/y pace eased to -7.3%, also a touch below market expectations (-7.1%). We are at the weakest levels since early 2020 for the y/y print. The cyclical leading indicator eased to -0.5 for December from -0.2.
  • To recap, the Kospi fell 1.35% yesterday, while the MSCI tech index was down 1.7% in Monday trade and the SOX fell 2.58%. Offshore investors sold ~$10mn of local stocks yesterday.
  • Note Samsung Electronics reports earnings today, with the analyst call at 10am local time.
  • The BoK minutes from the Jan meeting will also be out at 4pm local time.
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.