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Korean shares and the won recovered on March 17, 2022 as uncertainty over US rates eased. The US Federal Reserve raised its target range by 25 basis points, its first hike in over three years, and signaled six hikes in 2022.
The Kospi and Kosdaq gained about 2%, and the dollar slipped nearly 1% to about 1,225 won.
A firmer Fed path supports the dollar and tightens global financing, which typically weighs on emerging-market currencies and raises the cost of dollar-denominated commodity purchases. The relief rally reduces near-term currency stress for Korean importers.
pulse.mk.co.krMar 17, 2022Not 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.
