The won weakened as the USD/KRW rate rose to 1,357.4 in early Seoul trading on November 6, after closing at 1,342.1 the previous day. Concern that a Democratic sweep in the US midterm elections could bring tighter regulation of AI and semiconductors weighed on risk sentiment, while Korean semiconductor firms’ dollar selling limited the won’s decline.
Risk aversion and foreign investors’ potential conversion of Korean equity-sale proceeds into dollars can push USD/KRW higher. Dollar selling by semiconductor companies may temper the move.
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.