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South Korea's KOSPI fell 2.71% to 2,299.08 on October 26, its lowest close in 10 months, as concerns grew over a possible Fed rate hike. The won slid to a three-week low against the dollar.
Foreign investors sold heavily, and Alphabet's weak cloud figures and rising US Treasury yields weighed on sentiment.
Won weakness raises the cost of dollar-priced feed imports for Korean buyers, and tighter global financial conditions can add pressure on dollar-linked commodity demand.
en.yna.co.krKim Na-youngOct 26, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
