# KOSPI crashes to 10-month low on rising Fed rate hike woes; won at 3-week low | Yonhap News Agency

> 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.

- Date: 2023-10-26 · published 2023-10-26T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/33873-kospi-crashes-to-10-month-low-on-rising-fed-rate-hike-woes-won-at-3-week-low
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20231026009800320

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.