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News
US Debt Tops $40 Trillion for First Time as Treasury Doubles Buybacks
43+ min ago (492+ words) US national debt has topped $40 trillion for the first time, driven by heavy fiscal spending, tax cuts, and rising Social Security and health-care costs. As the interest burden mounts, President Donald Trump's administration has moved to push Treasury yields lower…...
SK Hynix to Pay 60% of Bonuses in Stock, Raise Wages 6.3%
4+ hour, 11+ min ago (256+ words) SK Hynix and its labor union have reached a tentative wage and collective bargaining agreement under which 60% of performance bonuses would be paid in company stock rather than cash. Of that stock portion, 40% can be sold the day after it…...
Kospi Surges More Than 4%, Triggering Buy-Side Sidecar
9+ hour, 11+ min ago (24+ words) bloomingbit Kospi Surges More Than 4%, Triggering Buy-Side Sidecar What do you think about this news?...
Fed Minutes Show Commitment to Price Stability, Broad-Based Price Increases
16+ hour, 2+ min ago (119+ words) bloomingbit The Federal Reserve reaffirmed its commitment to price stability Minutes of the July Federal Open Market Committee meeting, released on Aug 19, showed that nearly all participants judged it appropriate to retain language in the policy statement pledging to achieve…...
Won Strengthens Into 1,300 Range for First Time in 10 Months, With More Dollar Weakness Seen
9+ hour, 12+ min ago (477+ words) As of 8:30 a.m. in Seoul on Aug. 20, the won was trading at 1,389.0 per dollar. In the previous session, the won closed daytime trading at 1,397.7 per dollar, 14.1 won stronger than a day earlier. It was the first close below 1,400 per dollar since…...
Kospi Opens 3% Higher at 6,680.34
10+ hour, 12+ min ago (22+ words) bloomingbit Kospi Opens 3% Higher at 6,680.34 What do you think about this news?...
Trump Presses Fed for Rate Cuts at White House Crypto Event
11+ hour, 26+ min ago (338+ words) Yonhap News reported that Trump made the remarks at a White House event with leading cryptocurrency industry figures. “Interest rates shouldn’t go up because of our country’s success,” he said. “They should be able to come down with that success....
July FOMC Minutes Show No Support for Rate Cuts, Tilt Toward Possible Hike
15+ hour, 11+ min ago (134+ words) bloomingbit Minutes from the Federal Reserveâs July Federal Open Market Committee meeting showed no support for an interest-rate cut The minutes, released on August 19, said several policymakers believed rates may need to rise if inflation does not slow sufficiently…...
Won-Dollar Rate Falls 160 Won in Six Weeks, Breaking Below 1,400
23+ hour, 28+ min ago (216+ words) The won strengthened past 1,400 per dollar for the first time in 11 months as expectations grew that exporters would step up dollar sales ahead of the August corporate tax prepayment deadline. The sharp drop came as exporter dollar selling continued and…...
Kospi Slides 5.8% as 30-Year Treasury Yield Shock Rekindles Fears of a July-Style Rout
1+ day, 1+ hour ago (425+ words) On Aug. 19, the Kospi closed down 5.80% at 6,471.17. The benchmark fell sharply from the open, prompting the Korea Exchange to trigger a sell-side sidecar that halted the effect of program sell orders on the main board for five minutes. It was…...