# South Korea: Stocks wobble, won slides on Fed rate hike worries - The Business Times

> 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.

- Date: 2018-02-27 · published 2018-02-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/66719-south-korea-stocks-wobble-won-slides-on-fed-rate-hike-worries-the-business-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-11-04 | [Seoul: Stocks fall on trade war concerns, Fed rate hike fears - The Business Times](https://feedsoft.ai/events/62262-seoul-stocks-fall-on-trade-war-concerns-fed-rate-hike-fears-the-business-times.md) | +0.7% | +0.3% |
| DXY | 2022-09-22 | [South Korean won tumbles after Fed hike despite official warnings - Markets - Business Recorder](https://feedsoft.ai/events/39823-south-korean-won-tumbles-after-fed-hike-despite-official-warnings-markets.md) | +1.9% | +1.8% |
| DXY | 2024-10-28 | [South Korea vows to fight volatility after won hits three-month low - The Business Times](https://feedsoft.ai/events/28101-south-korea-vows-to-fight-volatility-after-won-hits-three-month-low-the.md) | +0.2% | +1.9% |
| DXY | 2018-11-09 | [S.Korean stocks, won slide as Fed remains bullish \| Reuters](https://feedsoft.ai/events/62260-s-korean-stocks-won-slide-as-fed-remains-bullish-reuters.md) | +0.2% | +1.0% |
| DXY | 2021-06-17 | [South Africa's rand hits one-month low on hawkish Fed, stocks fall - Markets - Business Recorder](https://feedsoft.ai/events/46878-south-africa-s-rand-hits-one-month-low-on-hawkish-fed-stocks-fall-markets.md) | +1.1% | +1.7% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/south-korea-stocks-wobble-won-slides-fed-rate-hike

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