# Seoul stocks at all-time high on eased tapering jitters - The Korea Herald

> The Kospi closed at a record high of 3,249.3 points on May 10 after weaker-than-expected US April jobs data eased fears of monetary tightening. Foreign and institutional investors were net buyers while retail investors sold. The won rose against the dollar that day.

- Date: 2021-05-10 · published 2021-05-10T12:00:00.000Z
- Category: market · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/47323-seoul-stocks-at-all-time-high-on-eased-tapering-jitters-the-korea-herald
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Equity strength and a firmer won reflect easing tightening fears, which reduces pressure on emerging-market currencies and import costs. This is routine market movement with no direct effect on feed commodity supply or demand.

## Sources

- koreaherald.com: https://www.koreaherald.com/article/2612939

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