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South Korea's virus case count topped 1,000 and JPMorgan cut its full-year growth forecast to 2% from 2.3%, with industrial output seen shrinking about 10% this quarter. The won has fallen almost 5% since late January, near its weakest since 2016, which makes Korean exports cheaper.
A weaker won supports Korean export competitiveness but raises the risk of renewed US trade friction over currency, and the economic slowdown dampens regional demand for commodities.
ajot.comBloombergFeb 26, 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.
