Yesterday, foreigners sold again through the selling tax, and they sold about 4 trillion won. The KOSPI futures also started in the -5% range, which was worrisome.
Fortunately, the S&P 500, Nasdaq, and Philadelphia Semiconductor Index closed around +1~2%,
and the KOSPI futures also turned positive, closing at +0.36% from the -5% range.
The exchange rate has been slightly sideways for three days, but looking back over the past month, it has been steadily declining, which is good.
I think we can expect a rebound in the regular market today. (Foreigners, please buy some stocks as the exchange rate has also improved ㅠㅠ;)
I hope everyone at Stock Han Dang will see a bullish candle today!
By the way, a few days ago, I wrote that the slowdown in US GDP growth → interest rate cut strength → weakening of the won-dollar and yen-dollar seemed to be happening. It turns out there was government intervention.
Japan tried to sell US Treasury bonds to raise funds to solve the problem of the yen-dollar exchange rate continuing to rise, but the US intervened in surprise because it feared that this would further increase Treasury bond yields. The US and Japan are currently working together to artificially lower the yen-dollar exchange rate.
The US, which always criticizes other countries for manipulating exchange rates, is openly manipulating exchange rates in front of the world;;;
