Country: KR | Published: 2026-09-17
South Korean markets took the Fed's latest hike in stride, with stocks holding steady as attention shifts to how Tokyo and London open. The pressure now sits with the Bank of Korea
South Korean markets took the Fed's latest hike in stride, with stocks holding steady as attention shifts to how Tokyo and London open. The pressure now sits with the Bank of Korea, which faces calls to follow the Fed with its own rate increase to defend the won and contain price pressures. Officials downplayed the direct impact of the US move and signaled stabilization measures are available if volatility flares, while a persistent deficit in cultural and knowledge services trade adds a slower-burning drag on the external balance.