# S. Korean won at 2-wk high, casino stocks clobber Manila equities

> The South Korean won firmed 0.7% to a two-week high, while Seoul shares rebounded 2% from an 11-month low. November exports grew at their fastest pace in three months and factory activity expanded. DBS said robust external demand should support further policy normalization by the Bank of Korea.

- Date: 2021-12-01 · published 2021-12-01T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/43841-s-korean-won-at-2-wk-high-casino-stocks-clobber-manila-equities
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger won against the dollar lowers the local-currency cost of imported feed ingredients such as corn and soymeal for Korean buyers. The effect on global feed prices is small.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/stocks/s-korean-won-2-wk-high-casino-stocks-clobber-manila-equities-2021-12-01/

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