Global Markets
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
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

South Korean Won Weakens Toward 17-Year Low

The South Korean won weakened past 1,517 per dollar, approaching the more than 17-year low of around 1,520 reached on May 22, as renewed Middle East tensions boosted oil prices and supported demand for the US dollar. Investors turned cautious amid reports that Iran suspended negotiations with the US, fueling fears of further disruptions to global energy markets, with higher crude prices posing a risk to South Korea’s trade balance as a major energy importer. The currency also remained under pressure from broader risk aversion across regional markets. Meanwhile, South Korea’s annual inflation rate accelerated to 3.1% in May, the highest in more than two years, reinforcing expectations that the Bank of Korea could move toward a rate hike as early as July. The currency also drew support from continued optimism over the country’s semiconductor sector, after Nvidia unveiled a new AI-focused chip and discussed AI memory cooperation with SK Group.

Octalas AI
Octalas Logo

Profit

Everyone's racing to cut costs. We're racing to create profit.

Start Selling through Service

Free for 14 days · No credit card required
Profit Through AI

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button