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South Korean financial markets sold off on August 5, a 'Black Monday', as the US-China trade conflict weighed more heavily than the dispute with Japan. Authorities said they were ready to intervene in the FX market to prevent excessive won devaluation.
The won's sensitivity to the US-China trade conflict raises Korean feed import costs in dollar terms. Intervention could limit the move, but a sustained sell-off would still raise the cost of imported feed ingredients.
koreaherald.comBae HyunjungAug 6, 2019Not 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.
