(LGENSO, Baa2/BBB/NR) "*LG ENERGY 4Q SALES 6.14T WON" - BBG "*LG ENERGY 4Q OPER LOSS 122.0B WON" - ...
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The USD/CNY fix printed at 7.0348, versus a BBG market consensus of 7.0136. After the USD/CNY fixing trending down, it is slightly higher than Monday’s 7.0331 signalling a stabilisation following warnings not to make one-way FX bets. The fixing error stayed elevated at +212pips, but slightly tighter than yesterday's outcome. USD/CNH has been trading below 7.00 today but has risen to 7.0023 post the fixing, and is currently around 7.0018 to be up 0.1%.