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For the first time since mid-August, the won-dollar exchange fell below the 1,300 mark during Thursday s trading, after U.S. Federal Reserve Chair Jerome Powell mentioned the likelihood of slowing the pace of rate hikes before the end of the year. ....
The benchmark KOSPI will pick up fresh momentum for a technical rally amid growing calls for the U.S. Federal Reserve to control the pace of its rate hikes as the year-end approaches, analysts said. The main bourse closed at 2,268.4 points on Friday, up 2.5 percent or 55.28 points from a year earlier. The secondary Kosdaq also ended with a gain of 1.95 percent at 687.63 during the same period. ....