South Korea's KOSPI fell below 7,000, with turnover hitting a year-to-date low, as retail investors and foreign investors posted net sales of over 33 trillion won for the month.
Rising U.S. Treasury yields and the delay in Oracle's data center have weighed on AI investment sentiment. Shares of Samsung and SK Hynix fell more than 5% in a single day, with their stock buyback programs already 85.95% and 66.27% complete, leaving limited room for further repurchases. Currently, brokerage accounts in South Korea hold only KRW 101.63 trillion in funds awaiting market entry. Market attention is focused on the U.S. PCE data scheduled for September 30 and Micron's earnings report.
Next market focus after the Fed’s rate hike: Will the Bank of Japan and the Bank of England follow suit?
① In the early hours of Thursday, Beijing time, the Federal Reserve raised interest rates for the first time in more than three years, with Chairman Kazuo Ueda sending hawkish signals, pushing the U.S. dollar index to its highest level since July 31; ② Analysts expect the Bank of Japan to also hike rates to a 31-year high on Friday, and the policy signals that Kazuo Ueda delivers at that time will be a key determinant of the yen's future trajectory.
ECB Foreign Exchange Reference Rates - Sep 16
Following are European Central Bank foreign exchange reference rates. All currencies are quoted against the euro. US Dollar USD 1.1537 Japanese Yen JPY 178.88
ECB Foreign Exchange Reference Rates - Sep 15
Following are European Central Bank foreign exchange reference rates. All currencies are quoted against the euro. US Dollar USD 1.1539 Japanese Yen JPY 178.86
A once-in-two-decades event! The three major central banks of the U.S., Europe, and Japan may raise interest rates in unison—what does this mean?
①This is far more than an ordinary "super central-bank week"—while markets are fixated on shifts in interest-rate levels, a macroeconomic drama unseen for two decades is quietly unfolding; ②The Federal Reserve, the European Central Bank, and the Bank of Japan—the G3 central banks of advanced economies—are, in a rare move, simultaneously embarking on tightening cycles.
ECB Foreign Exchange Reference Rates - Sep 01
Following are European Central Bank foreign exchange reference rates. All currencies are quoted against the euro. US Dollar USD 1.1590 Japanese Yen JPY 185.63