# Asia's Worst Currency Hammered as Funds Buy Foreign Stocks By Bloomberg

> 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.

- Date: 2019-05-27 · published 2019-05-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/59312-asia-s-worst-currency-hammered-as-funds-buy-foreign-stocks-by-bloomberg
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- investing.com: https://www.investing.com/news/forex-news/asias-worst-currency-hammered-as-funds-buy-foreign-stocks-1879312

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