Korea Economic Daily

Trump’s oil war (1) Oil as leverage… a more muscular US energy hegemony Trump’s ‘oil war’… squarely targeting China and Russia India tariff cut 50→18% in return for halting purchases of Russian crude Cutting off funding to hit Russia’s economy while

A legendary investor who influenced two men “He routinely criticizes excessive fiscal deficits and argues for forceful anti-inflation policies” As Kevin Warsh, a former Federal Reserve (Fed) governor, is being tapped as a candidate for the next Fed c

Global risk aversion subsides Bond yields, including government bonds, rise across the board Risk appetite worsens after Australia’s policy rate hike The sharp surge in the won-dollar exchange rate triggered by the nomination of former Fed Governor K

US launches ‘Project Vault’…mineral war intensifies Securing key raw materials such as lithium and copper Target: stockpile 60 days’ worth within the US Investment from 10 companies including GM and Google Priority supply to members in an emergency T

Plan for industry-by-industry “relay roundtables” Lee Chan-jin, head of South Korea’s Financial Supervisory Service (FSS), will hold a series of relay roundtables with chief executives across financial subsectors. He is expected to reiterate the poli

Fed may delay rate cuts Short-term price volatility likely to be high Buying interest in gold…geopolitical risks too Gold prices plunged after US President Donald Trump nominated Kevin Warsh, a former Federal Reserve governor, as a candidate to becom

The Bank of Japan has begun selling exchange-traded funds (ETFs) on its books worth ¥37 trillion. While maintaining its tightening bias through policy rate hikes, the BOJ has moved from reducing Japanese government bond purchases—so-called quantitati

Wall Street shakes off 'Wash fears': "Keep buying gold and stocks" Druckenmiller: "The 'hawkish Wash' is a misunderstanding" Wall Street, too: "QT can’t happen right away" Market overheating ends, 'taper tantrum' quickly calms AI investment, fiscal e

"All smiles" over the weak yen… Takaichi erases half the stronger-yen effect Japan’s Prime Minister Sanae Takaichi emphasized the benefits of a weaker yen while campaigning for the House of Representatives (lower house), sending the yen–dollar exchan

Wall Street, which had been shaken by the “Warsh shock,” rebounded as bargain buying flowed into high-quality stocks. On the 2nd (local time), at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 49,407.66, up 515.19 poin

◆ Even amid jitters over a 'hawkish tilt'…bargain hunting in blue chips All three major U.S. stock indexes closed higher. On the 2nd (local time), the Dow Jones Industrial Average rose 1.05% to 49,407.66, the S&P 500 gained 0.54% to 6,976.44, and the

US President Donald Trump said on the 2nd (local time) that India has decided to stop buying Russian crude oil, adding that Washington will accordingly lower reciprocal tariffs on India from 25% to 18%. Trump said on social media platform Truth Socia

Trump nominates ‘Warsh’ as candidate for next Fed chair Global asset markets ‘shaken’ by assessments of a ‘hawkish’ pick “Not simply a ‘hawk’… has also argued for rate cuts” “Near-term volatility may rise, but the KOSPI remains a stable option” Inves

Park Subin, Hankyung.com reporter waterbean@hankyung.com

FX market also hit by wash-trade effect Dollar strengthens on expectations of liquidity shrinkage Volatility widens with daily swings of 10–20 won The won–dollar exchange rate surged by more than 20 won, returning to the 1,460-won range for the first

A betrayal by the once-surging 'safe haven' Gold and silver prices plunge in tandem Silver leveraged ETNs fall across the board Retail investors net-bought ₩1.4 trillion of ETFs in a month Losses likely to grow amid high volatility Brokerages see it

Trump taps hawk Kevin Warsh as next Fed chair Rate-cut hopes fade… global asset markets wobble Exchange triggers KOSPI sell-side circuit breaker Foreigners dump over 5 trillion won in KOSPI cash and futures Won-dollar exchange rate jumps 24 won to cl

Gold falls 9% on the 30th Biggest drop since 9.1% in April 2013 “Silver is even more dramatically volatile” The collapse in international gold prices recorded on the 30th of last month was the largest one-day drop in 12 and a half years. According to

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