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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

Won Pressured by Capital Outflows

The South Korean won slipped toward 1,470 per dollar, hovering near seven-month lows as market sentiment remained pressured by ongoing capital outflows despite strong economic growth data. Bank of Korea data showed the economy grew at its fastest pace in nearly four years in Q3, with real GDP rising 1.3% quarter-on-quarter and 1.8% year-on-year. Nevertheless, the currency has fallen more than 4% against the dollar this quarter, with the central bank citing rising overseas investments by domestic residents and foreign selling of Korean stocks as key factors. Lee Chan-jin, governor of the Financial Supervisory Service, said authorities would review whether financial firms are adequately explaining foreign exchange hedging risks for overseas investments. While government measures to strengthen consumer protection helped ease some investor caution, the absence of active steps to support the currency has left the won exposed.

Today Markets

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