South Korea's FX swap points edged higher ahead of the presidential election holiday, supported by late-session bids and tighter-than-expected won liquidity.
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FX Swap Points Edge Higher—Late-Session Bids Provide Support
South Korea's FX swap points edged higher ahead of the presidential election holiday, supported by late-session bids and tighter-than-expected won liquidity.
SPC Samlip Co. has partially resumed operations at its Siwha plant, excluding lines linked to a recent fatal accident, as Korea Investors Service warns of inevitable supply disruptions and potential negative impacts on financial performance and credit ratings.
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SPC Samlip Resumes Partial Operations at Siwha Plant, Excluding Accident Line
SPC Samlip Co. has partially resumed operations at its Siwha plant, excluding lines linked to a recent fatal accident, as Korea Investors Service warns of inevitable supply disruptions and potential negative impacts on financial performance and credit ratings.
Woori Bank Sees Dollar-Won Bottoming at 1,360 in June as Weak Dollar Trend Persists
Woori Bank projects the dollar-won exchange rate to remain under downward pressure in June, forecasting a range of 1,360–1,400 won, as export recovery and a weak dollar trend persist.
Shinhan Bank Eases Household Lending—Extends Mortgage Maturities from 30 to 40 Years
Shinhan Bank will extend maximum mortgage maturities from 30 to 40 years and ease jeonse loan restrictions, aiming to support genuine borrowers amid tighter lending controls.
Japanese stocks fell over 1% as renewed US-China trade tensions and higher US tariffs on steel and aluminum weighed on investor sentiment, with the Nikkei 225 closing at 37,470.67 and the TOPIX at 2,777.29.
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[Tokyo Stock Market Closing]US-China Tensions Resurface—Japanese Shares Drop Over 1%
Japanese stocks fell over 1% as renewed US-China trade tensions and higher US tariffs on steel and aluminum weighed on investor sentiment, with the Nikkei 225 closing at 37,470.67 and the TOPIX at 2,777.29.
The US dollar fell as renewed US-China trade tensions and higher US tariffs on steel and aluminum weighed on sentiment, with the dollar-yen rate down 0.5% and markets awaiting key US jobs data and an ECB rate cut.
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Dollar Slides Amid Escalating US-China Tensions—Dollar-Yen Down 0.5%
The US dollar fell as renewed US-China trade tensions and higher US tariffs on steel and aluminum weighed on sentiment, with the dollar-yen rate down 0.5% and markets awaiting key US jobs data and an ECB rate cut.
Nomura forecasts continued US dollar weakness and expects the South Korean won to appreciate sharply by year-end, citing undervaluation, trade talks, and increased FX hedging by institutional investors.
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Nomura Expects Prolonged Weak Dollar—Sharp Won Appreciation by Year-End
Nomura forecasts continued US dollar weakness and expects the South Korean won to appreciate sharply by year-end, citing undervaluation, trade talks, and increased FX hedging by institutional investors.
The dollar-yen rate fell 0.31% to 143.532 in Tokyo as renewed US-China trade tensions and tariff uncertainty drove safe-haven demand for the yen, with the dollar index and euro-yen also declining.
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[Tokyo Foreign Exchange Market]Dollar-Yen Falls as US-China Trade Tensions Flare Up Again
The dollar-yen rate fell 0.31% to 143.532 in Tokyo as renewed US-China trade tensions and tariff uncertainty drove safe-haven demand for the yen, with the dollar index and euro-yen also declining.
South Korean presidential candidates Kim Moon-soo and Lee Jae-myung clashed over Lee's remarks on the Supreme Court's remand decision in his election law case, with Kim alleging a judicial scandal and Lee urging a focus on facts.
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Novo Nordisk Faces Imminent Patent Expiry in China—Market Competition Intensifies
Novo Nordisk will lose patent protection for semaglutide in China next year, opening the market to up to 20 biosimilar and generic competitors amid intensifying competition.
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