FLXK.DE is trading 3.7% down today as Korea’s export-heavy market reacts to the sharp strengthening of the Japanese yen following rare joint FX intervention by the US and Japan.
- The stronger yen is weighing on Northeast Asian exporter sentiment, pulling down Korean equities after a recent tech-driven surge.
- The market is seeing a risk rotation away from Korean exporters even as major US indices continue to trade higher.