# Fed-triggered taper tantrum takes toll on Korean financial markets - KED Global

> The won and Korean government bonds fell to 2023 lows on September 26 after the Fed signaled further tightening, with the US 10-year yield reaching 4.5%. The won closed at 1,348.50 per dollar and the Kospi fell 1.3%.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/34364-fed-triggered-taper-tantrum-takes-toll-on-korean-financial-markets-ked-global
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Higher US yields and a stronger dollar tighten financial conditions across emerging markets, raising import costs for Korean feed buyers and pressuring dollar-priced grain and oilseed prices.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-09-30 | [Latam markets subdued as trade woes persist \| Financial Post](https://feedsoft.ai/events/57337-latam-markets-subdued-as-trade-woes-persist-financial-post.md) | -0.2% | -1.4% |
| DXY | 2016-11-09 | [Global Markets Rocked by Trump Election Upset - ABC News](https://feedsoft.ai/events/74071-global-markets-rocked-by-trump-election-upset-abc-news.md) | +3.1% | +3.3% |
| DXY | 2024-05-06 | [Financial Markets Report - First Quarter of 2024](https://feedsoft.ai/events/30558-financial-markets-report-first-quarter-of-2024.md) | -0.1% | +0.2% |
| DXY | 2021-06-17 | [Global Markets: Tech shares buck trend as hawkish Fed weighs on global stock markets \| Reuters](https://feedsoft.ai/events/46776-global-markets-tech-shares-buck-trend-as-hawkish-fed-weighs-on-global-stock.md) | +1.1% | +1.7% |
| DXY | 2019-07-31 | [The two words from Jerome Powell that rocked the financial markets](https://feedsoft.ai/events/58014-the-two-words-from-jerome-powell-that-rocked-the-financial-markets.md) | +0.9% | +1.8% |

## Sources

- kedglobal.com: https://www.kedglobal.com/foreign-exchange/newsView/ked202309260020

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