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Yen and bonds rise in safe haven trade after South Korea declares martial law
- Parliament blocked, South Korean won falls to two-year low
South Korean President declares martial low "to clear out pro-North Korean elements"
- Strong move that seemingly came out of nowhere
South Korea will extend its fuel tax cuts by another 2 months
- Another extension
Bank of Korea cut benchmark interest rates for a second straight meeting - a surprise move
- More info from the Bank now
Bank of Korea unexpectedly cuts its base rate by 25bp
- Down to 3.0% from 3.25%
Intervention effort - South Korea pension fund selling dollars, buying won in recent weeks
- Info via a Reuters report citing unnamed sources
Bank of Korea Expected to Hold Base Rate; USD Strength Cited as a Reason
- 34 of 38 economists predict Bank of Korea to keep base rate steady at 3.25% in November
South Korea official says stock mkt decline a little excessive, will stabilize as needed
- Equity market intervention
Plenty of 'intervention' type comments coming out of a nervous South Korea
- Excessive volatility noted
South Korean October headline CPI is the lowest in more than 3.5 years
- South Korea inflation data for October 2024
North Korea fires off another ballistic missile
- Kim: Stop watching the US election., look at me instead!
Asian FX & rates could be especially sensitive to the US election result
- Korean won, Thai baht and Chinese yuan eyed
North Korea says its ICBM test set new records
- It did, it flew at an altitude over 7,000km, covered a range of 1,000km and had the longest flight time
North Korea have fired off another ballistic missile
- South Korea media (Yonhap) with the info
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