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The South Korean won fell 0.7% to 1,149.1 per dollar, its weakest close since July 11, as foreign investors sold Korean shares and bonds. Foreign investors sold about 3 trillion won of treasury bonds over two days, and the 10-year yield hit a two-year high.
Officials attributed the sell-off to profit-taking and portfolio adjustments rather than North Korea tensions.
A weaker won makes dollar-priced feed imports more expensive for Korean buyers, and the rise in the dollar can weigh on dollar-denominated grain prices. The move is driven by portfolio flows, not by feed supply.
egypttoday.comSep 28, 2017Not enough comparable past events yet for a historical read.
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.
