- Does not expect foreign investors to step up outflows.
- USD/KRW to stabilize as trade improves.
- Market to steady as capital flight fears are proven wrong.
- South Korea has enough fx reserves.

Asian Macro sector headlines

• Today 01:25am
  (CH) PBOC's Zhou: Will take neccessary, pre-emptive actions to fight global crisis- Notes that China will prepare for 'worst case scenario' - US must take measures to stop credit crisis contagion more...
  
• Today 01:12am
  (CH) Article in the Australian Financial Review comments on China's slowing growth- The article cites research from Citigroup's Head of China Research who notes that Western observers may be more...
  
• Today 01:04am
  *(ID) INDONESIAN CENTRAL BANK CUTS BENCHMARK RATE 25BPS TO 9.25% FROM 9.50% (UNEXPECTED)- Says 2009 inflation could be at lower end of forecast - Central bank will continue supporting Rupiah
  
• Today 00:47am
  (TH) Moody's cuts Thailand credit ratings outlook to negative from stable
  
• Today 00:24am
  US Official: Welcomes Chinese economic stimulus package; US stressed the importance of currency reforms- Tone of meeting with China was 'quite good' - US: China committed to CNY appreciation over more...