％South Korea Government Bond 10Y
KR-10Y
▲ PositiveMonetaryrelevance
BoK rate hikes to 3.00% and expected further hike to 3.25% support higher yields
Impact on stocks 2
Others
％ECB rates
ECBRATES
Mentioned
The Korean Won continues to advance, supported by back-to-back Bank of Korea rate hikes to 3.00% and a Dot Plot signaling a further rise to 3.25% in six months, according to ING's Chris Turner. The currency's strength is also underpinned by a booming semiconductor sector, which is boosting export revenues and attracting foreign investment. These factors together are driving sustained appreciation of the KRW against major currencies.
BoK rate hikes to 3.00% and expected further hike to 3.25% support higher yields