{
  "id": 8334794,
  "title": "South Korean Won: Foreign equity flows keep KRW heavy against US Dollar – OCBC",
  "url": "https://urgent.news/2026/09/18/south-korean-won-foreign-equity-flows-keep-krw-heavy-against-us",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T23:27:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/south-korean-won-foreign-equity-flows-keep-krw-heavy-against-us-dollar-ocbc-202609182327"
  },
  "original_language": "en",
  "account": "OCBC strategist Christopher Wong notes that the Korean Won remains under pressure due to foreign selling of Korean equities and elevated US yields post-FOMC. Large-cap technology stocks are primarily responsible for the outflows, although the broader KOSPI has managed to hold up. Wong suggests that easing US yields, a softer Dollar, and lower oil prices may help cap near-term USD/KRW upside, but a sustained KRW recovery will likely require foreign equity selling to slow. KRW continued to weaken as persistent foreign selling of Korean equities remained the main drag, even as US yields stayed elevated following the FOMC meeting. Over the past week, foreign investors sold a total of KRW14tn worth of KOSPI shares. Despite some easing of negative economic indicators overnight, with US yields and the USD dropping from their post-FOMC highs, lower oil prices could provide some relief. This may help temper further upside in USD/KRW in the short term, but a more significant recovery in KRW will probably depend on foreign equity selling slowing down. Bullish momentum on the daily chart is still intact, though the Relative Strength Index (RSI) indicates signs of moderation after a recent rise. Support levels are at 1373 and 1365 (21-day moving average), while resistance levels are at 1387 (23.6% Fibonacci retracement of the sharp decline from July to September), 1410 (38.2% Fibonacci retracement, 50-day moving average).",
  "summary": "OCBC strategist Christopher Wong notes that the Korean Won remains under pressure as foreign selling of Korean equities persists and elevated US yields after the FOMC continue to weigh. Large-cap technology stocks are at the centre of outflows, though the broader KOSPI has held up.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}