U.S. stocks closed mixed as tech shares plunged and blue chips rallied, Treasury yields diverged, and oil prices surged over 3% amid geopolitical tensions and strong U.S. services data.
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[New York Market Watch]Stocks Mixed Amid Tech Selloff—Bond Yields Diverge, Oil Prices Surge
U.S. stocks closed mixed as tech shares plunged and blue chips rallied, Treasury yields diverged, and oil prices surged over 3% amid geopolitical tensions and strong U.S. services data.
Dollar-Won Rises Near 1,460 Mark as Dollar Strengthens on Weaker Yen and Euro
The dollar-won exchange rate surged to close near 1,460 won, driven by a stronger US dollar amid yen and euro weakness, upbeat US services data, and improved US-China relations.
The dollar-won exchange rate closed at 1,447.60, nearing the 1,450 mark as robust US services sector data fueled gains, with market attention turning to upcoming US employment figures and potential intervention by South Korean authorities.
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Dollar-Won Closes at 1,447.60—Approaches 1,450 Mark on Robust US Services Data
The dollar-won exchange rate closed at 1,447.60, nearing the 1,450 mark as robust US services sector data fueled gains, with market attention turning to upcoming US employment figures and potential intervention by South Korean authorities.
The dollar-won exchange rate opened slightly lower as weak US services data and rising Fed rate cut expectations weighed on the dollar, with markets adopting a wait-and-see stance amid strong buying support at the 1,380 won level.
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[Shin Yoon-woo's FX Analysis] Time to Wait and See
The dollar-won exchange rate opened slightly lower as weak US services data and rising Fed rate cut expectations weighed on the dollar, with markets adopting a wait-and-see stance amid strong buying support at the 1,380 won level.
Dollar-Won Falls Below 1,390 on Weak US Services Data—Closes at 1,386.30
The dollar-won exchange rate fell below 1,390, closing at 1,386.30, after weaker-than-expected US services data triggered global dollar weakness and reversed earlier gains.
U.S. May S&P Services PMI Preliminary Reading at 52.3 - Above Expected 50.8
U.S. services sector shows unexpected strength in May, with S&P Global Services PMI preliminary reading surpassing forecasts, signaling potential economic resilience
U.S. April S&P Global Services PMI at 50.8 - Below Expected 51.4
U.S. services sector growth slows in April as S&P Global Services PMI falls short of expectations, signaling potential economic headwinds
US March S&P Global Services PMI at 54.4, Exceeds Forecast of 53.5
US services sector shows stronger-than-expected growth in March, with S&P Global Services PMI reaching 54.4, surpassing market predictions
US March S&P Global Services PMI Preliminary Reading at 54.3, Exceeds 50.8 Forecast
US services sector shows unexpected strength as March S&P Global Services PMI surpasses forecasts, signaling potential economic resilience
US February S&P Global Services PMI Preliminary Reading at 49.7, Below Market Expectations
US services sector activity contracts unexpectedly in February, with S&P Global Services PMI preliminary reading at 49.7, falling short of 52.8 market forecast
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