Korea Economic Daily

Major U.S. New York stock indices rose on the 8th (local time), closing at record highs for the Standard & Poor's (S&P) 500 despite the continued temporary U.S. federal government shutdown and concerns over an 'AI bubble.' International gold prices a

JPMorgan "Additional demand of 1.4 trillion dollars by 2027" Stablecoins pegged 99% to the dollar instead of government bonds Although the dollar's safe-haven status is currently being challenged by gold, JPMorgan analysts predict that dollar demand

In an era of political and economic uncertainty, it overtakes the U.S. dollar and U.S. Treasuries Investors, seeking a hedge against global economic uncertainty, have been hoarding the safe-haven asset gold, pushing gold past $4,000 per ounce without

International gold prices topped $4,000 for the first time in history. Analysts attribute this to a preference for safe-haven assets amid the temporary U.S. federal government shutdown and the political crisis in France. On the 8th local time, AFP an

Japan's 'Takaichi effect'…stock market surge, sharp yen decline First female prime minister to take office in mid-month Fiscal expansion and monetary easing announced Offshore won-dollar jumps 24 won The ruling Liberal Democratic Party, reduced to a

"Possibility that the Bank of Japan, which was seen as likely to raise rates this month, will leave rates unchanged" Intervention by Japanese authorities if it passes 155 yen and approaches 160 yen How far can the yen fall? In the foreign exchange ma

First female prime minister to take office in mid-month Fiscal expansion·monetary easing signaled Offshore won·dollar jumps 24 won The ruling Liberal Democratic Party, reduced to a 'minority ruling party' after successive electoral defeats, chose har

Despite overheating concerns…Wall Street: "It will keep climbing" AI investment expansion and rising expectations of rate cuts U.S. stock markets have been posting record highs day after day. Alongside the ongoing boom in artificial intelligence (AI)

Safe and risky assets rise at the same time Gold and Bitcoin prices have surged day after day, setting record highs. Analysts say an 'everything rally' is continuing, with prices of safe assets and risky assets rising together due to expectations of

"Wall Street confidence: 'S&P500 index will reach 7000 this year'" Trump's tax-cut law, expectations for increased investment Solid earnings outlook…supporting gains "If volatility in the first half of this month is weathered a strong rally through y

Wall Street "Recent rebound is technical resistance Likely to fall another 10% by the end of next year" The U.S. dollar fell 11% as it remained weak throughout the first half of this year. This is the largest half-year decline in 52 years since 1973.

Hints at permanent dismissal of federal employees U.S. President Donald Trump, as the federal government shutdown (temporary suspension of operations) continued, criticized the Democrats as "a kamikaze (Japan's suicide attack units during the Pacific

This year the global asset market can be summed up as an 'Everything rally.' Not only risk assets such as stocks and Bitcoin, but safe-haven assets like gold and silver are rising at a terrifying pace. What is noteworthy is the magnitude of the rise

Inclusion weight 2.08% expected… ninth-largest among WGBI countries Global index provider UK FTSE (Financial Times Stock Exchange) Russell reconfirmed that South Korean government bonds will be included in the World Government Bond Index (WGBI) from

Kim Minseung's ₿official Stablecoins are in the U.S. national interest The spread of dollar stablecoins aligns with the United States' national interest. Stablecoins serve as a solution to the U.S.'s chronic Triffin dilemma. The Triffin dilemma refer

A man in his 40s, Mr. A, who seriously injured two men in their 40s in a street brawl in Songdo International City, Incheon, had a 17-year prison sentence upheld. The Supreme Court's 2nd Division (Presiding Justice Eom Sang-pil) said on the 8th that

Gold Prices Hit Record High Again Gold prices, riding investors' preference for safe assets amid the U.S. federal government shutdown and France's political crisis, have once again reached record highs. According to AP and Bloomberg, at 11:30 a.m. on

Lee Jun-seok, leader of the Reform New Party, told President Lee Jae-myung, "Change your philosophy regarding fiscal policy. If we do not stop now, France's today will become the Republic of Korea's future." He raised concerns that the recent deterio

Reduction of duty-free benefits Following the United States, the European Union (EU) has decided to strengthen steel import controls to protect its domestic industry, which is expected to deal a direct blow to Korean steel. The European Commission, t

AMD raises price target, Dell Technologies raises AI-related outlook On the 7th (local time), U.S. stocks opened higher as optimism about artificial intelligence (AI) continued to hold after the previous day, despite the U.S. government entering its

Trade surplus surged due to consumer support measures despite a decline in exports to the U.S. Growth slowdown next year due to slowdown in export growth and end of consumer support measures The World Bank expects China to achieve a growth rate of 4.

Global IBs apply AI across operations Also performs asset management and analyst roles "Limits in unstructured areas like venture investing" We are entering an era of great transformation driven by artificial intelligence (AI). The financial sector i

Dollar weakness and persistent geopolitical tensions Continued inflows into gold ETFs and central bank purchases There is a forecast that gold, which has been hitting record highs day after day, will rise to $4,900 per ounce by the end of next year.

The Nikkei 225 average (Nikkei index), Japan's benchmark stock index, hit an intraday record for the second consecutive day. The Nikkei index started higher on the morning of the 7th and at one point recorded 48,527. The previous day's close was 47,9

The New York market closed mixed. On the 6th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 46,694.97, down 63.31 points (0.14%) from the previous trading day. Meanwhile, the S&P 500 rose 24.49 points (

Despite headwinds such as U.S. tariff policies and a government shutdown, the New York stock market has continued its rally centered on artificial intelligence (AI) and tech stocks, and the bubble debate is heating up again. Major Wall Street strateg

AMD 30% surge lifts Philadelphia Semiconductor Index by 4% Gold and bitcoin rise while the dollar and U.S. Treasuries fall AI chip supplier AMD's stock surged more than 30%, reviving optimism about AI investment, and on the 6th (local time) U.S. stoc

China launches a deluge of low-priced goods China's export performance, amid ongoing trade tensions with the United States, is soaring. While the US is reshaping the global trade order with America-first policies and high tariff pressure, only China