MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

1 Month USD/KRW Back Sub 1275

KRW

USD/KRW 1 month saw greater downside impetus late in Tuesday's Asia Pac session, playing some catch up with stronger CNH levels. We saw support emerge though in the 1271/72 region. On the upside moves into the 1276/77 area drew selling interest, we finished up at 1274.60 in NY (a won gain of 0.33%). Note onshore spot finished yesterday's session at 1275.35.

  • We have already had July consumer sentiment print, with the headline index continuing to rebound, which bodes well for GDP momentum. Inflation expectations also ticked down further in the month (see this link).
  • The equity tone was positive in the tech space during US Tuesday trade, with the MSCI IT up 1.10%, the SOX +1.70%. After hours we saw mixed earnings in the tech space, with Nasdaq futures tracking modestly lower (-0.25%) at this stage.
  • The Kospi finished up +0.30% yesterday, the Kosdaq +1.08%, while offshore investors sold a chunky -$717.9mn of local shares.
  • SK Hynix has already reported better than expected Q2 revenue (albeit still -47% in y/y terms), with the company citing surging AI interest as the driver of a recovery in the chip market (see this link for more details). More earning results today, including from Samsung subsidiaries, are due.
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.