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S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
KRWUSD

Korean Won Strengthens on Trade Deal Signal

The South Korean won appreciated to 1,425 per USD, extending the rebound from the over six-month low of 1,440 touched on October 24th amid the stronger outlook for Korean export industries under signals of new trade deal with the US. US President Trump announced a likely new trade deal with Korea after meeting with President Lee. Such a deal may lower tariffs that stayed in place since July’s trade deal, which maintained 25% levies on autos and chips despite softening rates on other goods from 25% to 15%. Improved export prospects would add to traction on the Korean economy after the third quarter GDP was sharply above expectations, reflecting a one-year high growth rate of 1.7%. The data pressed against bets that the Bank of Korea would imminently restart its cutting cycle after its hold at 2.5% this month, limiting the need for the easing bias reflected in the dovish guidance from last decision.

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