S&P 500 — US Large Cap Index
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
The South Korean won rose to around 1,413 per dollar, approaching a more than ten-month high, as soft US inflation data eased expectations for further Federal Reserve tightening and boosted risk appetite. US producer prices were unchanged month-on-month in July, easing concerns over renewed inflation pressures. Markets now price in around a 35% chance of a rate hike in September, down from 55% a week earlier, limiting upward pressure on the dollar. Additionally, persistent dollar-selling flows and renewed foreign demand for Korean assets helped lift the won. The conversion of SK hynix’s ADR proceeds into won remained one of the key factors behind its sharp appreciation in recent weeks. Foreign investors’ return to Korean equities has also increased demand for the local currency, while Korea’s strengthening economic recovery, underpinned by strong exports and improving consumption, provides an additional positive backdrop for the won.
