The won closed at 1,397.7 on the 19th, down 14.1 in a session, even as the U.S. 30-year yield hit its highest since 2007. Exporter flow, not rate differentials, set the price.
Publishers:en.sedaily.com
Reality
- Evidence55
- Adoption
- Insufficient
- Hype gap+5
- Incentives45
- Confidence50
Japan, the UK and the US are all paying more to borrow. Korea's revenue upgrade rests on a semiconductor cycle, while mandatory spending is set to grow 5.9% a year regardless.
Publishers:en.sedaily.com
Reality
- Evidence61
- Adoption42
Individual investors on the KRX Gold Market turned net buyers for the first time since May, but only after bullion futures had already added 9%. The flow is a read on Fed expectations, arriving late.
Publishers:en.sedaily.com
Reality
- Evidence61
- Adoption44
Korean brokerages have tied retail pay so tightly to individual sales results that a trading boom now pays front-line contract staff many times what the people running the firms take home.
Publishers:en.sedaily.com
Reality
- Evidence48
- Adoption
- Insufficient
- Hype gap