Korea Economic Daily

Large simultaneous net selling by foreigners and institutions Increased uncertainty in Korea–U.S. trade talks Exchange rate surpasses 1,440 won for first time in six months The KOSPI index briefly topped 3,900 intraday on the 23rd but retreated and c

Preparations ahead of the APEC summit The United States and China have agreed to hold the fifth high-level trade talks in Malaysia starting on the 24th. It is interpreted as preliminary preparations ahead of the Gyeongju Asia-Pacific Economic Coopera

Bank of Korea Governor Lee Chang-yong said on the 23rd that only about one-quarter of the recent rise in the won–dollar exchange rate was due to a stronger US dollar. He explained that the remainder was due to regional factors such as delays in US-Ko

Individual investors net bought 540 billion won, driving the index Defense stocks such as Hanwha Aerospace and Hyundai Rotem strong The KOSPI index broke through the 3900 level for the first time ever on the 23rd despite U.S.-China trade tensions. As

Lee Chang-yong, Governor of the Bank of Korea, said, "Even if the exchange rate rises, prices will be maintained." The governor made the remark at a press conference held immediately after the Bank of Korea's Monetary Policy Board kept the policy rat

Kim Dae-young, Hankyung.com reporter kdy@hankyung.com

Kim Dae-young Hankyung.com reporter kdy@hankyung.com

The Bank of Korea on the 23rd held a Monetary Policy Board meeting on the direction of monetary policy and decided to maintain the base interest rate at an annual 2.50%. After lowering rates from an annual 2.75% to 2.50% in May, the Bank of Korea fro

"May take a little more time to negotiate" Foreign Minister Cho Hyun said there is no set deadline for trade talks between Korea and the United States, and that nuclear-related negotiations will begin soon. On the 23rd, Minister Cho appeared on MBC R

The New York market closed lower across the board as US-China trade tensions combined with weak corporate earnings. On the 22nd (local time) at the New York Stock Exchange, the Dow Jones Industrial Average closed at 46,590.41, down 334.33 points (0.7

The administration of U.S. President Donald Trump announced additional sanctions against Russia on the 22nd (local time). The move increases pressure as Russia has been lukewarm toward negotiations to end the war in Ukraine. The U.S. Department of th

◆South Korea and the United States held final-stage talks for about two hours…"Discussed the remaining issues" Kim Yong-beom, director of policy at the Presidential Office, and Kim Jeong-gwan, minister of trade, industry and energy, met for about two

Using its state-of-the-art quantum chip Willo Running verifiable algorithms Opens the path for using quantum computers in scientific research 13,000 times faster than supercomputers… Google develops 'quantum echo' technology. Google has developed 'qu

"Central banks and buyers such as China that drove demand over the past two years have stalled in purchases" "FOMO among Western retail investors will continue" Gold, which has shown a remarkable rise this year, has entered a new phase. With speculat

MSMT led by South Korea, the U.S., and Japan, report monitoring North Korea sanctions implementation Deceived overseas virtual asset operators to steal cryptocurrency Total of 4 trillion won since January last year Cashed out through overseas brokers

U.S. media warned that forcing South Korea and Japan to make large-scale investments in exchange for tariff reductions could lead to bad investments and corruption. The Wall Street Journal (WSJ) said in an editorial on the 21st (local time) that Pres

Hungary '2nd summit' on hold U.S. ceasefire proposal rejected by Russia Trump "I don't want to waste time" Zelensky "Putin's interest has waned Long-range missile support is the key to a solution" The planned 2nd U.S.-Russia summit in Budapest, Hunga

BOE Governor "Concern about a financial crisis" "Shadow banking" less regulated than banks Rapid growth over 10 years through low-credit lending U.S. auto parts firms' bankruptcies continue "Following a path similar to 2008" As risky lending practice

Gold spot price, intraday 6.3% drop … Largest decline in 12 years; U.S. corporate strong earnings and hopes for a U.S.-China thaw 'Safe-haven asset' preference cools International silver spot price also plunges 7.6% Platinum price falls 5% in a day D

KOSPI closes at 3,883.68, up 1.56%…record high again Six straight trading days of gains…institutions switch to 'buy' Sector rotation…secondary battery and defense stocks surge The KOSPI index showed late strength on the 22nd, rising more than 1% and

'Bond vigilantes' term creator Ed Yardeni interview "The AI boom is a cash-based investment, unlikely to collapse" "Baby boomer consumption is propping up the U.S. economy" "Tariffs are the main culprit of inflation… bonds are less attractive" "Gold

Kim Min-seung's ₿ficial The real cause of the stablecoin surge was the absence of market makers On the 10th, the virtual asset market plunged on a single remark by President Trump. In the process, an unusual price spike was observed on domestic excha

In response to a Hong Kong media report that the People's Bank of China is pursuing a trilateral currency swap with the Bank of Korea and the Bank of Japan, the Bank of Korea said, "We have not discussed it." A Bank of Korea official told The Korea E

Gold prices plunge more than 5.7% in a day Rebound likely after short-term correction International gold prices, which had been on a record-high run, plunged more than 5% on the 21st (local time). It is the largest decline since August 2020, during t

Late October volatility reasons Still, "The Santa Rally Is Coming" How to prepare for the year-end rally The U.S. stock market has shown a tenacious recovery that makes last week's turmoil seem insignificant. Year-to-date through the 21st (local time

The KOSPI index is showing a decline in early trading on the 22nd. It is interpreted that investors' caution was triggered by the burden from a short-term sharp rise and the possibility that the US-China summit may not take place. As of 9:06 a.m. tha

The three major U.S. stock indexes in New York closed mixed. The move is seen as reflecting heightened caution after U.S. President Donald Trump said a summit with China might not take place. On the 21st (local time) at the New York Stock Exchange (N

◆ New York stock market, concern over failure of U.S.-China summit…mixed close The three major U.S. stock indices showed mixed results on the 21st local time. U.S. President Donald Trump said he will meet Chinese President Xi Jinping in two weeks to

TPLF investing in litigation Uncorrelated with market fluctuations Popular with institutional investors Recently, so-called 'litigation finance,' in which the outcomes of legal disputes are traded like stocks or bonds, has been drawing attention in g

U.S. President Donald Trump, regarding U.S.-China trade talks, said, "I will meet Chinese President Xi Jinping in Korea and talk about many things," and repeatedly said, "I think we will do well in the negotiations." At a luncheon event he presided o