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Asia-Pacific shares were mixed after the Bank of Korea raised its policy rate by 25 basis points to 1%, a move largely expected by analysts. The Korean won traded at 1,189.89 per dollar, weaker than the prior day.
Kaisa Group shares jumped after returning from a trading halt following a bond exchange offer.
A weaker won raises the local-currency cost of imported feed grains and meal for South Korean buyers. Tighter Korean policy is a modest macro headwind for domestic demand.
cnbc.comEustance HuangNov 24, 2021Not 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.
