South Korean Finance Ministry says will allow around-the-clock FX trading from July
The South Korean Finance Ministry's announcement to allow around-the-clock FX trading marks a significant regulatory shift that aims to enhance market liquidity and accessibility.
South Korea's Blue House says President Lee and Japanese PM Takeichi are to discuss regional peace and stability and rapidly changing global politics, while the sides may discuss China-Japan disputes at their summit next week
US shale chiefs warned that Venezuelan oil will hobble US drillers and that the President’s effort to reduce crude prices will hurt the sector struggling to sustain production growth, according to FT
South Korean Finance Ministry says will allow around-the-clock FX trading from July
Japanese Leading Economic Index Prel (Nov) 110.5 vs. Exp. 110.4 (Prev. 109.8)
Japanese Coincident Index Prel (Nov) 115.2 vs. Exp. 116.2 (Prev. 115.9)
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Says:
- To explore the possibility of joining CPTPP.
- To bring in various improvements to stock and forex markets for MSCI upgrade.
- To prepare policy support for semiconductor defence, biopharmaceutical, petrochemical, steel and steel industries.
- To introduce digital asset spot ETFs.
- USD 350bln in US investment package is to bolster shipbuilding and nuclear energy sectors.
This move, alongside initiatives for sector support and digital assets, could attract foreign investment and improve South Korea's standing in global markets, particularly in the context of potential MSCI upgrades. Traders should monitor how this impacts the USD, KRW, and regional currency dynamics, as well as the broader implications for equity markets.
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