# Asia-Pacific stocks mixed; Bank of Korea announces rate hike

> 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.

- Date: 2021-11-24 · published 2021-11-24T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/44283-asia-pacific-stocks-mixed-bank-of-korea-announces-rate-hike
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2021/11/25/asia-markets-bank-of-korea-interest-rate-decision-currencies-oil.html

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