BoK rate hike and Warsh hawkish remarks keep upward pressure on yields
BoK lifts base rate to 2.75% while Warsh Jackson Hole speech reinforces hike bets, hitting won/dollar, gold and stocks
- 1.BoK base rate raised 0.25%p to 2.75%
- 2.Won/dollar falls 4.30 won to 1380.3
- 3.Warsh speech cements rate-hike expectations
- 4.Memory chip stocks weak despite Nvidia results
- 5.KOSPI edges up in signal range 6845.85→6848.33
“Nvidia rose but memory can't gain strength” — Sampro TV 3PROTV
“KOSPI fell for the first time in 4 trading days” — Yonhap News TV