INSIDE KOREA: Won Snaps Two-Day Advance as Stocks Fall
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Won halts two-day gains amid broad consolidation in Asian currencies and stocks ahead of Fed Yellen’s speech later today.
Alert: HALISTER1- FX and stock markets were off to a slow start, as trading was delayed by an hour to help reduce traffic on college entrance exam day
- Kospi index drops 0.3%, in line with broad declines in rest of the region
- Won little changed at 1,170.93
- USD/KRW -- consolidating below this month’s high
- Resistance: 1,173.10, Nov. 14 high; 1,188.50, June 27 high; 1,198.05, May 31 high
- Support: 1,158.10, Nov. 10 high (breakaway gap); 1,153.20, 200-DMA; 1,128.55, 100-DMA
- Global funds were net buyers of 463.4b won ($395.8m) in South Korea-listed bonds on Nov. 15, according to Financial Supervisory Service data; they were net buyers of $38.4m in country’s equities on Nov. 16: exchange data
- Yield on 1.875% govt bond due June 2026 steady at 2.09%
Source: BFW (Bloomberg First Word)
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UUID: 7947283