Risk asset appetite: USD-KRW exchange rate closes at 1,447 KRW... influenced by the warm US stock marketThe USD-KRW exchange rate temporarily rose and then partially retraced in the New York foreign exchange market, ultimately closing at 1,447 KRW. Analysts believe that the strong performance of the New York stock market stimulated risk asset appetite, leading to a relatively strong Korean won.
As of 2:00 a.m. on the 7th (Korea time), the USD-KRW exchange rate closed at 1,447.10 KRW, up 3.30 KRW from the previous day's Seoul foreign exchange market close of 1,443.80 KRW. On the same day, in early trading in New York, the euro weakened due to soft European economic indicators, and the dollar remained strong, with the USD-KRW rate rising to a high of 1,449.30 KRW during the session.
However, as the US stock market showed an upward trend afterward, investors shifted their investment focus from safe assets to risk assets such as stocks, and demand for the dollar began to decrease. Notably, the Philadelphia Semiconductor Index, composed of representative US semiconductor stocks, surged 2.84% intraday, indicating a clear lead by tech stocks.
TechubNews·01-06 18:27