#KospiDrops3.6%AsSamsungSKHynixWeaken
United States attacks the Iranian island of Larak for the first time in a month, destroying mine launchers in the Strait of Hormuz.
The Kospi erases a 3.6% drop and closes above 6,800 points thanks to share buybacks from Samsung and SK Hynix that boost the market.
Brokerages projected Kospi ranges for September of 6,700-8,100 and 6,600-8,000, and some saw room for a move toward 8,000.
The September FOMC meeting, the Bank of Japan’s interest rate decision, a possible reversal of the yen carry trade, and interest-rate normalization will be key factors that determine the market’s direction.
$NVDA.US
$SAMSUNGEM
United States attacks the Iranian island of Larak for the first time in a month, destroying mine launchers in the Strait of Hormuz.
The Kospi erases a 3.6% drop and closes above 6,800 points thanks to share buybacks from Samsung and SK Hynix that boost the market.
Brokerages projected Kospi ranges for September of 6,700-8,100 and 6,600-8,000, and some saw room for a move toward 8,000.
The September FOMC meeting, the Bank of Japan’s interest rate decision, a possible reversal of the yen carry trade, and interest-rate normalization will be key factors that determine the market’s direction.
$NVDA.US
$SAMSUNGEM
