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South Korean investors bought a net $37.9 billion of foreign stocks and bonds last quarter, a 51% rise from the prior three months, weighing on the won, which has fallen almost 6% this year. The move follows slowing growth, weak exports hit by the US-China trade war, and a slump in the semiconductor market.
A weaker won makes Korean feed imports costlier and can shift Korean import demand for US soybeans and corn, though the direct grain price effect is modest.
investing.comMay 27, 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.
