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
South Korea’s 10-year government bond yield rose to around 4.30% in early August, moving back toward its highest level in three years after the central bank signaled that further rate hikes are likely. Bank of Korea Senior Deputy Governor Ryoo Sang-dai said strong economic growth is fueling persistent underlying inflation. He added that the won’s recent recovery and stock moves give policymakers some flexibility, but said the key factors for policy would be core inflation, the durability of economic growth and financial stability. The BOK raised its policy rate by 25 bps to 2.75% in July, its first hike in three and a half years, amid stronger-than-expected growth and persistent price pressures. While headline inflation eased to 2.8% in July, core inflation edged up to 2.6%, remaining above the BOK’s 2% target. Ryoo said an additional hike is likely unless an extraordinary shock occurs, with policymakers expected to assess growth and inflation forecasts ahead of the August 27 meeting.
