KRW

South Korean parliament votes to block President's martial law declaration

• Well then

South Korean troops attempt to enter main parliament hall - report

• South Korea enforces martial law

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 1 - 20 November trade data: Exports jump 5.8% y/y

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