South Korean Won Plunges Amid Liquidity Collapse and Investor Sales

What's Behind The Plunging Won And Sudden Liquidity Collapse In Korean Markets

What's Behind The Plunging Won And Sudden Liquidity Collapse In Korean Markets South Korea’s won weakened for a fourth day as overseas investors accelerated their relentless sales of local stocks. In response, USD/KRW rose 0.1% to 1,552.60, extending its four-day gain to 1.2% (i.e. KRW drop). According to Barclays, pressure from both resident outflows and more recently in the case of Korea, heavy foreign outflows, could pose further headwinds even as exports performance re...

By Tyler Durden