# South Korean stocks close higher on strong China data - The Business Times

> South Korean stocks closed higher on Friday, with the KOSPI up 0.80% to 2,100.20, helped by China's October private factory survey showing the fastest expansion in over two years. The won weakened slightly against the dollar to 1,165.6 per USD. South Korean October exports fell for an 11th straight month, the steepest drop in nearly four years.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/56789-south-korean-stocks-close-higher-on-strong-china-data-the-business-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Stronger Chinese factory activity and firmer sentiment on a US-China trade deal support demand expectations for feed inputs, though the sharp fall in Korean exports signals weak regional trade. The effect on grain and feed prices is indirect and limited.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/south-korean-stocks-close-higher-strong-china-data

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