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South Korean stocks tumbled on Monday, with the Kospi down 1.3 percent and the Kosdaq down 4.6 percent, as the hawkish Fed signal for a March hike and a stronger dollar hit markets. Foreign investors net sold shares and bond yields rose sharply.
A hawkish Fed and stronger dollar raise the cost of dollar-denominated imports for Korea and can weigh on won-based feed purchasing power.
koreaherald.comSon Ji-hyoungFeb 5, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY 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.
