# BUSAN INDUSTRIAL | S.Korean stocks, won strengthen after Powell comments

> South Korea's Kospi and the won strengthened on Monday after Federal Reserve Chair Jerome Powell said steady rate hikes are the best way to protect the US recovery. The won was quoted at 1,113.8 per dollar onshore, 0.46% firmer than its prior close, and South Korean bond yields rose.

- Date: 2018-08-27 · published 2018-08-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/63753-busan-industrial-s-korean-stocks-won-strengthen-after-powell-comments
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Expectations of continued Fed tightening support the dollar and can weaken emerging-market currencies, which tends to reduce the purchasing power of importers of US feed commodities.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- stockopedia.com: https://www.stockopedia.com/share-prices/busan-industrial-KRX:011390/news/s-korean-stocks-won-strengthen-after-powell-comments-019e6b65-81c6-7d8c-9fb0-7d7f44af3a85/

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