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The Bank of Korea raised interest rates for the first time in three years, and South Korean equities sold off in the session.
The decision is the first rate move under Shin Hyun-song, taken amid concern over won weakness and the country's reliance on energy imports.
The won's performance in coming sessions is the next read on whether the move landed. The rate decision in focus South Korean stocks fell after the Bank of Korea tightened policy.
Three years without a rate increase made this a notable shift in stance, and the fact that Shin Hyun-song acted early in the role signals a leadership prepared to address currency and import-cost pressures rather than wait.
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