Finance 4h ago 1 min read
The Korean won fell through the critical 1,500 per dollar level on May 15, reaching 1,500.2 at 2:13 PM KST — the first breach since April 7. Japan's 10-year JGB yield surged to 2.72%, a 29-year high, triggering risk-off sentiment across Asia, while fading Federal Reserve rate-cut expectations and KRW 5 trillion-plus in foreign equity outflows compounded pressure on the Korean currency.