Sept FOMC Rate-Hike Jitters Spark Chip Pullback, Oil Swings
Rate and oil variables keep KOSPI boxed in, with foreign outflows and simultaneous moves in gold and Bitcoin
- 1.US 10Y at 4.94, Fed funds rate seen at 3.88
- 2.Oil at $100 and rate-hike fears trigger semiconductor outflows
- 3.Oil price cap extended 4 weeks, gasoline holds at 1,784 won
- 4.Bitcoin tax and scarce-asset role discussions run in parallel
- 5.No confirmed schedule
“Oil needs to come down” — Shinsaimdang
“The market is over 80% pricing in a rate hike at this September FOMC meeting.” — Shinsaimdang