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South Korean financial regulators, led by Bank of Korea Governor Lee Ju-yeol, said they are prepared to act if market anxiety over the US election and a likely Fed rate hike spreads. Fed Chair Janet Yellen had signaled a December rate increase was close.
Kospi fell below 1,980 amid foreign selling.
Expected US rate hikes and a firmer dollar raise emerging-market funding costs and import prices, which can pressure Korean feed buyers.
koreaherald.com손지영Nov 18, 2016After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not 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.
