US Treasury Yields Fall Ahead of US Data Release
According to Jinse Finance, U.S. Treasury yields fell during afternoon trading in Asia, as the upcoming ISM index and labor market data may support expectations for a Federal Reserve rate cut later this year. Helaba analysts stated in a report, "Speculation about rate cuts is unlikely to subside before the end of this week." The decline in yields was driven by long-term government bonds, causing the yield curve to flatten after steepening the previous day. (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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