USD/KRW: Here’s why the South Korean won is falling as Kospi Index surges

Korean won breaches 1,560 per US dollar for first time since 2009

The won faced mounting pressure partly from foreign investors’ continued selling of Korean equities. Read more at straitstimes.com.

USD/KRW: Here’s why the South Korean won is falling as Kospi Index surges

The South Korean won continued its strong downward trend, reaching its lowest level since 2009, despite the ongoing Kospi Index surge. The USD/KRW exchange rate surged to 1,550, up sharply from the year-to-date low of 1,420. South Korean won, and the Kospi divergence continuesThe South Korean won and the country’s stock market have diverged significantly this year. While the currency has depreciated by over 7%, the blue-chip Kospi Index has more…