# Seoul stocks rebound amid US Fed, Korean financial market easing plans - The Korea Herald

> South Korean stocks rebounded sharply on Tuesday after the Fed's unlimited bond-buying announcement and a large government aid package. The KOSPI jumped 8.6% to close at 1,609.97.

- Date: 2020-03-24 · published 2020-03-24T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/54346-seoul-stocks-rebound-amid-us-fed-korean-financial-market-easing-plans-the-korea
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Fed and government support reduces near-term recession risk and stabilizes local currency markets. Its direct effect on feed commodity prices is limited.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- koreaherald.com: https://www.koreaherald.com/article/2265919

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