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Trump taps hawkish Warsh as next Fed chair Rate-cut hopes fade…global asset markets rattled Exchange triggers KOSPI sell-sidecar KOSDAQ also plunges more than 5% intraday The KOSPI fell back below the 5,000 mark intraday on the 2nd. The move is seen
The Korea Exchange triggered a sell-side sidecar on the KOSPI market at 12:31:12 p.m. on the 2nd. As of 12:39 p.m., the KOSPI index was down 230.46 points (4.41%) from the previous session at 4,993.9. After opening at 5,122.62, the KOSPI has been ext
‘Screams’ as gold and silver plunge… profit-taking supply pours out on the ‘Wash effect’ Gold down 15% from its peak… silver recoups part of the drop The global precious-metals market is being roiled by the so-called ‘Wash effect.’ Gold and silver pr
As gold and silver prices, which had been on a tear, plunge vertically, losses are mounting for retail investors who bought W1.45 trillion worth of related exchange-traded funds (ETFs) over the past month. Precious-metal prices are in free fall after
On the 2nd, the key for Korean stocks will be how they digest the “Kevin Warsh shock” that hit U.S. equities on the previous trading day, the 30th of last month. President Donald Trump on the 30th named former Fed Governor Kevin Warsh as the next Fed
The KOSPI has shifted into a risk-off stance after US President Donald Trump on the 30th of last month (local time) nominated Kevin Warsh, a former Federal Reserve governor widely seen as relatively hawkish (favoring monetary tightening), as a candid
Kevin Warsh, a former Federal Reserve governor tapped as the next chair of the US central bank, is unlikely to have a smooth path to succeeding current Chair Jerome Powell. Backlash has emerged even within the Republican Party over what some see as a
US President Donald Trump has repeatedly urged the US central bank (the Fed) to cut interest rates. After the Federal Open Market Committee (FOMC) held rates steady at its policy meeting on the 29th of last month, he even wrote that “the United State
Silver plunges 35.3%, gold 11.6% Trump: "Warsh wants rate cuts" The so-called “Warsh shock” has slammed financial markets. Prices of major assets including gold, silver and bitcoin tumbled after Kevin Warsh, a former Federal Reserve governor, was nom
This week, the New York stock market is expected to be driven by the January jobs report and earnings from AI-related big tech companies such as Alphabet and Amazon.com. First, the U.S. Department of Labor will release the January jobs report on the
Young and rich portfolio Man in his 40s who sold a startup stake ₩1 billion into AI·robotics·semiconductor ETFs Also adds domestic tax-exempt products Bets ₩500 million by buying crypto in tranches ₩1 billion in safe assets…securing liquidity Also us
Speech at the private social club 'Alfalfa Club' Says there was no prior pledge on rate cuts U.S. President Donald Trump joked that he would “sue” Kevin Warsh, a contender for chair of the Federal Reserve (Fed), if Warsh does not cut interest rates.
A yardstick for distinguishing an AI boom from a bubble? A ‘reversal’ just one day after a WSJ report CEO Huang rebuts via Taiwanese media “U.S. media claims are nonsense” Aftershocks may not subside “Dissatisfaction rising within Nvidia’s board” Nvi
In Seoul’s FX market last week, the won-dollar exchange rate opened at 1,446.10 won and closed at 1,443.50 won on the 31st of last month. The weekly trading range was limited to 2.60 won, but the daily rate swung sharply, riding a roller coaster. On
Takaichi highlights the benefits of yen weakness on the campaign trail "A major opportunity for export industries" U.S. again designates Japan as a currency watchlist country Weaker yen attributed to "the new government’s expansionary fiscal policy"
US President Donald Trump voiced confidence in Kevin Warsh, whom he has tapped to be the next chair of the US central bank, the Federal Reserve, calling him “a top-caliber person” and saying there would be “no problem” in the Senate confirmation proc
A growing view holds that global financial markets have become as focused on the scale of U.S. Treasury debt issuance as on the Federal Reserve’s monetary policy. The industry is watching the U.S. Treasury’s “quarterly refunding announcement” schedul
Interest is rising in the impact on South Korea’s monetary policy after Kevin Warsh, a former Federal Reserve (Fed) governor, was nominated to be Fed chair. With expectations growing that rates will be cut at the behest of U.S. President Donald Trump
As hawkish leanings and calls to shrink the balance sheet surface Dollar strengthens, long-term rates rise As U.S. President Donald Trump named Kevin Warsh, a former Fed governor, as his pick for the next chair of the Federal Reserve, investors in th
Client deposits hit 'KRW 100trn'…Will the KOSPI keep flying in February on the back of ‘Donghak ant’ investors? The KOSPI has settled above the 5,000 level. Attention is now on whether gains can extend again this week (2–6). Brokerages say the bullis
Dalio, the 'godfather of hedge funds,' calls it an "excellent choice"…Wall Street upbeat Paul Krugman criticizes him: "Argued for tightening only under Democratic administrations" Many experts are offering favorable assessments of former Fed Governor
Turmoil after Trump taps Warsh for Fed chair Markets hit by a 'taper tantrum' After gold and silver plunge, Bitcoin too Drops below $80,000 for the first time in 9 months Warsh, a longtime critic of QE "Cut rates, but tighten the spigot" QT = rate cu
An explosion of unknown cause occurred on the 31st (local time) at a building in Bandar Abbas, a southern Iranian port city, AFP reported, citing Iran's state media. According to Iran's state broadcaster, the blast took place in an eight-story buildi
Thousands join demonstrations Democratic lawmaker also takes part A large-scale protest that began in Minneapolis, Minnesota, in opposition to the Donald Trump administration’s hardline immigration policy has spread nationwide across the United State
Set to be lifted in the House early next week The US federal government entered a partial shutdown on the 30th (local time) as political infighting over the administration’s immigration enforcement policy spilled over. A federal budget bill that had
International gold and silver prices fell sharply. Analysts say the move was influenced by President Donald Trump’s nomination of Kevin Warsh, a former Federal Reserve governor, as a candidate for the next Fed chair. Others note that the selloff was
The 5 billion won he suddenly came into was both an opportunity and a dilemma. A startup CEO in his early 40s, identified as Mr. A, found himself at a pivotal moment in earnest wealth management—deciding how to deploy the cash secured from selling hi
Warsh named as Fed chair nominee Wall Street ends lower…gold, silver plunge U.S. stocks fell on the 30th (local time) after President Donald Trump nominated former Fed Governor Kevin Warsh as the next chair of the U.S. central bank (the Fed, the Fede
"It would be inappropriate to seek a promise of rate cuts," he said, while also noting "He will want rate cuts" U.S. President Donald Trump said on the 30th (local time) that he did not directly discuss the issue of cutting the policy rate with Kevin
Trump names Kevin Warsh, former Fed governor, as Powell’s successor Met Trump privately the day before for a ‘last-minute vetting’ Opposed quantitative easing during the financial crisis, but has recently shifted his stance with rate cuts Trump, who