South Korea inflation hits two-year high, imminent rate hike in play - Reuters
Macro
South Korea inflation has surged to a two-year high, putting the Bank of Korea under pressure to hike rates imminently. A rate hike cycle would strengthen the KRW, pressure Korean equities (especially rate-sensitive sectors), and ripple into EM FX peers.
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↓ SHORT-5% target+3% stop3-6 weeks, into next BOK decision
Short EWY (South Korea ETF) into BOK rate hike cycle as rising rates compress Korean equity multiples and KRW strength hits export margins.