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Korean stocks and the won-dollar exchange rate have risen together since late October, breaking the usual pattern in which equity inflows strengthen the won. The won-dollar rate reached 1,341.5 won on November 4, up about 20 won in a week, with foreign investors buying dollar futures to hedge currency risk on their equity purchases.
The won has also been supported by current-account surplus from semiconductor exports.
Foreign hedging through dollar futures lifts the won-dollar rate even as equities rally, so the usual link between stock inflows and currency strength is weaker. For feed buyers, the won's volatility adds uncertainty to the local-currency cost of imported feed ingredients.
hankyung.com심성미 기자 구독하기Nov 4, 2026Not 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.
