News for USD/KRW (USDKRW)

Net Income: KRW3,086 billion, a 23.1% increase year-over-year.Return on Equity (ROE): Increased by 1 percentage point year-over-year.Cost Income Ratio: Improve

The South Korean economy barely grew last quarter as political chaos weighed on consumer spending, according to a Reuters poll of economists who expect the Bank of Korea to cut interest rates next month following a surprise hold last week. Asia's fourth-largest economy grappled with uncertainty from President Yoon Suk Yeol's brief Dec. 3 martial law attempt, weakening economic sentiment and sluggish domestic demand which overshadowed the recovery in exports. After only growing 0.1% in the July-September quarter, South Korea's economy likely expanded a seasonally adjusted 0.2% in Q4, according to the median forecast of 24 economists.

Japanese stocks closed higher, driven by gains in the auto sector as a weaker yen boosted profit growth prospects. Nissan surged 6.6% and Toyota (TM) rose 6.0%.

Nomura nominate winners (JPY among them!) and losers

Bearish bets maintained on Asian FX as US tariff fears intensify: Reuters poll

The finance ministry says it'll swiftly take bold steps, if necessary, against any excessive volatility in the financial and foreign exchange markets amid the political chaos.

South Korean President Yoon Suk Yeol imposed martial law earlier this week which was reversed after a few hours. Banks comment on the shocking move and the possibility of his impeachment or other potential surprises.

The vote on the impeachment bill may take place on 6 or 7 December

SINGAPORE (Reuters) -South Korean shares fell on Wednesday amid the country's biggest political crisis in decades as lawmakers called for the impeachment of President Yoon Suk Yeol after he declared martial law only to reverse the move hours later. The surprise declaration late on Tuesday jolted markets, leading to a sharp selloff in everything South Korean, with the currency hitting a two year low on Tuesday but stabilising on Wednesday.

Well then

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Forex Analysis by ING Economic and Financial Analysis (Chris Turner) covering: EUR/USD, GBP/USD, AUD/USD, EUR/GBP. Read ING Economic and Financial Analysis (Chris Turner)'s latest article on Investing.com