In the last week of September, the listed REITs market was hit hard by interest rates, the USD-KRW exchange rate (1,441 won), and concerns over an economic recession. The weekly return was -4.67%. This has now surpassed the sharp drop (-4.46%) the market experienced in mid-June (June 10-17). With the market still exposed to macroeconomic variables like the US Federal Reserve’s willingness to continue raising interest rates and the unstoppable rise of the USD-KRW exchange rate, the negative trend seems inevitable. Until the end of August, despite the decline in REITs stock prices, there seemed to be room for REITs to rise thanks to higher rents link to price index […]