KRW: Won Rebounds On Broader USD Weakness, Q2 GDP Revisions Unchanged

Spot USD/KRW fell sub 1335 as US JOLTS data crossed in US trade. We finished extended Wednesday trade at 1335.5, a won gain of nearly 0.50%. The 1 month NDF finished Wednesday's NY session near 1332.5, also up by nearly 0.50%. For spot recent highs above 1345 remain intact, but we are some distance from late August lows sub 1320. 

• Broader USD sentiment faltered post the JOLTS data, with expectations of a 50bps cut at the September FOMC now 50/50 per market pricing. These moves saw Yen surge, which likely drove some positive spillover to KRW.
• In the equity space, some tech related indices outperformed at the margin. The SOX index rose 0.25%, but the MSCI IT fell by 0.72%. Broader US and EU markets were weaker, although US losses were much more modest than Tuesday's session.
• To recap, the Kospi lost 3.15% yesterday, while offshore investors sold $-718.4mln in local shares.
• On the data front, a short while ago we had Q2 GDP revisions, which were unchanged from the initial estimates (Q2 growth contracting by -0.2%q/q).
• The authorities also have a weekly housing meeting.