What Happened South Korea’s KOSPI surged 4.0% to 6,954.52, one of the sharpest single-day moves among major Asian benchmarks recently, while the won firmed modestly, with USD/KRW slipping 0.29% to 1,341.22. The yen also strengthened, with USD/JPY down 1.26% to 154.23. Meanwhile, U.S. equities pulled back slightly, with the S&P 500 off 0.72% to 7,691.59 … Read more
Lead: the single most important number today The KOSPI closed up 2.52% at 6,912.37, one of the sharpest single-day moves among major global indices today, while the won was essentially flat against the dollar at 1,381.39 (-0.01%). The gap between a roaring Korean equity market and a currency going nowhere is the story: capital is … Read more
Snapshot Asian equity markets delivered one of their sharper single-day moves in recent memory: the KOSPI closed up 6.83% at 6,912.95, even as the S&P 500 slipped 0.45% to 7,673.00 and the Nasdaq fell 0.62% to 26,167.84. Currency markets told a mixed story — the won firmed modestly against the dollar, with USD/KRW down 0.3% … Read more
Snapshot Risk appetite firmed broadly on July 11, 2026, and emerging-market proxies were among the clearest beneficiaries. The Kospi surged 3.16% to 7,475.94, outpacing a strong session in US equities where the S&P 500 rose 1.14% to 7,567.95 and the Nasdaq gained 1.56% to 26,273.39. Currency moves told a similar story of calm: USD/KRW slipped … Read more