# Hawkish Fed, strong dollar jolt Korean markets - The Korea Herald

> 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.

- Date: 2018-02-05 · published 2018-02-05T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/66721-hawkish-fed-strong-dollar-jolt-korean-markets-the-korea-herald
- 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 hawkish Fed and stronger dollar raise the cost of dollar-denominated imports for Korea and can weigh on won-based feed purchasing power.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-12-23 | [Market braces for stronger dollar - The Korea Times](https://feedsoft.ai/events/73675-market-braces-for-stronger-dollar-the-korea-times.md) | -0.4% | -1.6% |
| DXY | 2024-12-19 | [Dollar strengthens as market digests Fed's hawkish cut](https://feedsoft.ai/events/27136-dollar-strengthens-as-market-digests-fed-s-hawkish-cut.md) | +0.5% | +1.4% |
| DXY | 2018-11-28 | [Gold markets: The Fed, dollar in focus](https://feedsoft.ai/events/61959-gold-markets-the-fed-dollar-in-focus.md) | -0.8% | -0.8% |
| DXY | 2021-12-17 | [What will the Fed’s expected rate hikes mean for Korean market? - The Korea Herald](https://feedsoft.ai/events/43844-what-will-the-fed-s-expected-rate-hikes-mean-for-korean-market-the-korea-herald.md) | -0.2% | -0.8% |
| DXY | 2020-09-23 | [Gold and Silver Hit by Hawkish Fed Boost to Dollar - Markets Insider](https://feedsoft.ai/events/51033-gold-and-silver-hit-by-hawkish-fed-boost-to-dollar-markets-insider.md) | +0.8% | -1.4% |

## Sources

- koreaherald.com: https://www.koreaherald.com/article/1580955

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