South Korean Won: Equity strength fails to lift KRW against US Dollar – OCBC

What happened: OCBC analysts Sim Moh Siong and Christopher Wong noted a sharp divergence between Korean equities and the Korean Won, with KOSPI's semiconductor-led rally not translating into KRW gains. Why it matters: Heavy foreign USD futures buying and prior overseas equity flows have supported USD/KRW, keeping the pair elevated despite equity strength. Coverage: 3 outlets in 24h

OCBC analysts Sim Moh Siong and Christopher Wong noted a sharp divergence between Korean equities and the Korean Won, with KOSPI's semiconductor-led rally not translating into KRW gains.

Heavy foreign USD futures buying and prior overseas equity flows have supported USD/KRW, keeping the pair elevated despite equity strength.