# S.Korean won skids to 11-week low as foreign selling intensifies - EgyptToday

> 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.

- Date: 2017-09-28 · published 2017-09-28T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/69204-s-korean-won-skids-to-11-week-low-as-foreign-selling-intensifies-egypttoday
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- egypttoday.com: https://www.egypttoday.com/Article/3/25023/S-Korean-won-skids-to-11-week-low-as-foreign

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