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Korean stocks fell on Wednesday after an overnight Wall Street drop, with the KOSPI closing down 1.22% at 3,060.27 on foreign and institutional selling of large-cap tech shares. The Financial Supervisory Service held its first risk management taskforce meeting and said it would step up monitoring without taking specific action.
The falls were linked to US volatility driven by inflation worries and weak consumer sentiment.
Broader risk-off moves in equities and a firmer dollar can weigh on emerging-market currencies and tighten financing conditions for importers, though this article has no direct effect on feed supply or demand.
koreatimes.co.krLee Min-hyungSep 29, 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.
