Traders See Highest Likelihood of Fed Rate Cut Starting in September, 21% Chance for July
Odaily Planet Daily News: After the release of the JOLTs data, traders slightly reduced their expectations for a Federal Reserve rate cut, with September now seen as the most likely starting point for rate cuts. The probability of a rate cut in July stands at 21%. (Jin10)
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Korean retail investors shift to the US in Q3: Sold over 5.5 trillion won of Korean stocks, purchased more than 10 trillion won of US stocks
In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.
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