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South Korean shares fell on Friday as Sino-US tensions rose after Beijing voted for a new security law on Hong Kong, and the US prepared to pressure Beijing over the issue. April factory output contracted at its sharpest pace in over a decade as coronavirus lockdowns hit global demand.
The won strengthened slightly against the dollar.
Escalating US-China friction raises the risk of trade retaliation that could hit Chinese feed demand, while weak Korean industrial output signals softer regional demand. The effect on feed commodity prices is indirect and modest.
scceu.orgMay 29, 2020Not 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.
