# S.Korean stocks, won slide as Fed remains bullish | Reuters

> South Korean stocks and the won slid on Friday as the U.S. Federal Reserve kept rates steady but signaled continued gradual tightening. The won was quoted at 1,128.3 per dollar, 0.98% weaker than the prior close, and South Korean bond yields fell.

- Date: 2018-11-09 · published 2018-11-09T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/62260-s-korean-stocks-won-slide-as-fed-remains-bullish-reuters
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and Fed tightening tend to pressure emerging-market currencies and risk assets, which can weigh on import-dependent feed buyers' local purchasing costs and affect the USD-linked grain price environment.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-01-19 | [S.Korean won falls as Yellen signals rate hike; stocks edge up \| Reuters](https://feedsoft.ai/events/73205-s-korean-won-falls-as-yellen-signals-rate-hike-stocks-edge-up-reuters.md) | -0.4% | -1.5% |
| DXY | 2022-06-10 | [Stocks slide, dollar gains on hot U.S. inflation data \| Reuters](https://feedsoft.ai/events/7711-stocks-slide-dollar-gains-on-hot-u-s-inflation-data-reuters.md) | +1.5% | +3.7% |
| DXY | 2021-02-26 | [Globals stock slide on inflation fears, dollar gains \| Reuters](https://feedsoft.ai/events/9587-globals-stock-slide-on-inflation-fears-dollar-gains-reuters.md) | +0.7% | +1.9% |
| DXY | 2021-11-25 | [Asian stocks fall on dollar strength, Bank of Korea hikes rates \| Reuters](https://feedsoft.ai/events/44286-asian-stocks-fall-on-dollar-strength-bank-of-korea-hikes-rates-reuters.md) | -0.2% | -0.6% |
| DXY | 2018-02-27 | [South Korea: Stocks wobble, won slides on Fed rate hike worries - The Business Times](https://feedsoft.ai/events/66719-south-korea-stocks-wobble-won-slides-on-fed-rate-hike-worries-the-business-times.md) | +0.1% | -0.1% |

## Sources

- reuters.com: https://www.reuters.com/article/technology/skorean-stocks-won-slide-as-fed-remains-bullish-idUSZZN2YFQ00/

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