#AIStocksWhatNext South Korean Won: Export surge supports KRW recovery – OCBC
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NEWS
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09/22/2026 17:59:55 GMT
South Korean Won: Export surge supports KRW recovery – OCBC
South Korean Won: Export surge supports KRW recovery – OCBC
FXStreet Insights Team
FXStreet Insights Team
FXStreet
OCBC strategists Sim Moh Siong and Christopher Wong report that the Korean Won (KRW) strengthened alongside gains in tech equities, lower Oil prices and strong export data, including a surge in semiconductor shipments. They note a bearish engulfing pattern and rejection near 1388 in USD/KRW, pointing to near-term downside risk, though patchy foreign equity flows mean sustained buying is still needed for a firmer KRW footing.
Technical rejection signals softer USD/KRW
"KRW strengthened alongside gains in Korean, US tech equities and lower oil prices overnight. Domestic data was also supportive, with exports rising 78.3% YoY in the first 20 days of September, led by a 259% surge in semiconductor shipments."
Sponsored by
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NEWS
|
09/22/2026 17:59:55 GMT
South Korean Won: Export surge supports KRW recovery – OCBC
South Korean Won: Export surge supports KRW recovery – OCBC
FXStreet Insights Team
FXStreet Insights Team
FXStreet
OCBC strategists Sim Moh Siong and Christopher Wong report that the Korean Won (KRW) strengthened alongside gains in tech equities, lower Oil prices and strong export data, including a surge in semiconductor shipments. They note a bearish engulfing pattern and rejection near 1388 in USD/KRW, pointing to near-term downside risk, though patchy foreign equity flows mean sustained buying is still needed for a firmer KRW footing.
Technical rejection signals softer USD/KRW
"KRW strengthened alongside gains in Korean, US tech equities and lower oil prices overnight. Domestic data was also supportive, with exports rising 78.3% YoY in the first 20 days of September, led by a 259% surge in semiconductor shipments."