[Analysis] Spike in inflation will have limited impact on stocks
Posted : 2021-02-27 09:31
Updated : 2021-02-28 19:44
An unnamed foreign currency dealer in Hana Bank scratches his head, while the closing quotes of the KOSPI and won-dollar rate can be seen behind him, on Friday. The KOSPI lost 2.8 percent to close at 3,012.95 points, as investors worries grew over post-COVID-19 inflation. The local currency closed at 1,123.6 won against the U.S. dollar, down 15.7 won from the previous session s close. Yonhap
BOK plans to purchase 5 to 7 trillion won worth of government bonds by June
By Kim Yoo-chul
The South Korean stock market is feeling some pressure because Wall Street investors were apparently focusing more on the effects of a spike in the 10-year Treasury bond yield. But market analysts say rising yields and fears of inflation are signs of economic growth.