US Weekly Jobless Claims Fall to Six-Week Low
According to a report by Jinse Finance, data released by the U.S. Department of Labor on Thursday showed that for the week ending June 28, seasonally adjusted initial jobless claims fell by 4,000 to 233,000, marking a six-week low since mid-May and coming in below economists' forecast of 240,000. However, the total number of continuing jobless claims for the week ending June 21 remained at a high level of 1.964 million, the highest since the fall of 2021. (Jin10)
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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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