※Translated with Notion AI. (Plus version)
This week, the Korean won plummeted following Korea’s sudden declaration of martial law.
While the markets were in turmoil and concerns about the impact on the Korean economy grew, Japanese banks and fund traders took a wait-and-see approach.
However, some traders who turned this crash to their advantage didn’t miss the opportunity to calmly profit.
What were the overlooked market trends behind this?
According to the Nikkei newspaper:
“Following the martial law declaration by South Korean President Yoon Suk Yeol, the won hit its lowest level against the dollar in about two years. Although it showed signs of recovery after the martial law was lifted, concerns about selling pressure on Korean assets continue to spread.”
But is that really the case?
