# (3rd LD) S. Korea to take market-stabilizing steps if needed: official | Yonhap News Agency

> South Korea's finance ministry said it will take measures to stabilize financial markets if needed after the Fed signaled a March rate hike. The KOSPI fell 3.5% in the previous session, and officials said the Fed's stance should have a limited impact on Korea.

- Date: 2022-01-27 · published 2022-01-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/43373-3rd-ld-s-korea-to-take-market-stabilizing-steps-if-needed-official-yonhap-news
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hawkish Fed signals strengthen the dollar and tend to pressure emerging-market currencies, which raises the local cost of dollar-priced feed imports.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-15 | [S. Korea to focus on stabilizing markets amid rising US bond yields - The Korea Herald](https://feedsoft.ai/events/48347-s-korea-to-focus-on-stabilizing-markets-amid-rising-us-bond-yields-the-korea.md) | -0.0% | +0.2% |
| DXY | 2024-11-12 | [Korean won weakens on strong dollar, Trump effect \| Yonhap News Agency](https://feedsoft.ai/events/27668-korean-won-weakens-on-strong-dollar-trump-effect-yonhap-news-agency.md) | +0.8% | +1.1% |
| DXY | 2023-07-27 | [(2nd LD) U.S. Fed raises key rate by 25 basis points to highest level since 2001 \| Yonhap News Agency](https://feedsoft.ai/events/35281-2nd-ld-u-s-fed-raises-key-rate-by-25-basis-points-to-highest-level-since-2001.md) | +1.2% | +1.9% |
| DXY | 2024-11-18 | [Reasonable foreign exchange needed to stablise market: expert](https://feedsoft.ai/events/27698-reasonable-foreign-exchange-needed-to-stablise-market-expert.md) | +0.5% | +0.3% |
| DXY | 2022-09-26 | [(LEAD) Won hits over 13-year low per U.S. dollar during intraday trade on global tightening \| Yonhap News Agency](https://feedsoft.ai/events/39822-lead-won-hits-over-13-year-low-per-u-s-dollar-during-intraday-trade-on-global.md) | +0.2% | +0.6% |

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20220127001653320

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