Korean Equities Slide as China-EM Currency Divergence Widens
The Setup South Korea’s KOSPI dropped 5.15% to 6,258.77, one of the sharper single-day equity moves in a major Asian market this year. What makes the session unusual is the mix: the won actually strengthened, with USD/KRW down 0.96% to 1,407.45, and the yen was roughly flat against the dollar at 157.75. Meanwhile U.S. equities … Read more