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Risk-wary markets count down to US payrolls
Risk sentiment took a hit in Asia on Friday from renewed political rumblings in South Korea, rattling investors' nerves as they awaited a crucial U.S. nonfarm payrolls report that could alter the odds of a Federal Reserve rate cut this month. Once markets caught word that there could be another martial law declaration in South Korea, heavy selling hammered the Korean won and the Seoul share market. The won sank by as much as 1%, the KOSPI dived 1.8% at one point and the Australian dollar, a barometer of risk appetite, was down 0.5%. South Korean authorities were quick to act. Dealers said the foreign exchange ... (full story)
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- Posted: Dec 6, 2024 12:46am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 5,804
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