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South Korea's KOSPI wobbled while the won fell sharply against the dollar and bond yields rose, after Fed Chair Jerome Powell's comments revived expectations of faster US rate increases. Foreign and individual stock purchases limited losses on the index.
Stronger expected US rate hikes and a firmer dollar weaken emerging-market currencies such as the won, which can pressure Korean import costs for feed ingredients priced in dollars.
businesstimes.com.sgFeb 27, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
