Barclays: SK Hynix's US Listing May Support Korean Won in the Short Term

Odaily Odaily reports that Barclays analysts stated in a report that SK Hynix’s listing in the US could provide some support for the Korean won in the short term. Part of the support may come from hedging operations, as well as the eventual conversion of a portion of the fundraising amount into Korean won for domestic investment. The recent rise in the Korean won suggests that some pre-hedging operations have already been priced in.

Meanwhile, if South Korean semiconductor companies fund a significant portion of their domestic investments in the future by repatriating offshore assets or overseas earnings, it would create additional demand for the Korean won and support the currency. (Jinshi)