U.S. Nonfarm Payrolls for April and May Revised Up by a Total of 16,000
Odaily Planet Daily News: U.S. Bureau of Labor Statistics—The number of nonfarm payroll jobs added in April has been revised from 147,000 to 158,000; the number for May has been revised from 139,000 to 144,000. After the revisions, the combined increase in nonfarm payrolls for April and May is 16,000 higher than previously reported. (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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