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Analyst: The subsequent performance of the Korean won largely depends on the reaction of foreign investors to Korean stocks
Editor
2024-12-04 00:02 789
Golden Finance reported that Brad Bechtel, global head of foreign exchange at Jefferies, said that South Korea’s leadership has used this approach in the past during major political turmoil or power transfers, but it is still worrying. He believes the Korean won will remain volatile for the time being. Much will depend on how overseas investors react to South Korea's stock market. If they start selling aggressively, USD/KRW could rise to 1,450.
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