S. Korean Won Nudges Lower Against U.S. Dollar on Foreign Outflows
5 Articles
5 Articles
(Seoul = Yonhap News) Reporter Kim Ji-yeon = The won/dollar exchange rate rose slightly on the 5th following the Democratic Party's landslide victory in the U.S. midterm elections.
The won-dollar exchange rate is expected to face upward pressure on the 6th as risk aversion spreads following the plunge in U.S. semiconductor stocks. With growing concerns over regulations on artificial intelligence (AI) data centers after the U.S. midterm elections, there is a possibility that foreign selling of stocks will expand in the domestic market. However, dollar selling volume by semiconductor exporters is expected to limit the extent…
Foreign capital outflows have emerged as investment uncertainty in AI-related sectors has grown, driven by heightened concerns over stricter AI regulations following the U.S. midterm elections. With the Democratic Party gaining control of both the U.S. Senate and House, investor sentiment is dampening as fears spread that regulations on AI data center construction will be tightened and infrastructure investment schedules may be delayed. Accordi…
S. Korean won nudges lower against U.S. dollar on foreign outflows
SEOUL, Nov. 5 (Yonhap) -- The South Korean won nudged lower against the U.S. dollar Thursday, as offshore investors remained net sellers of local stocks after a Democratic Party win in the U.S. midterm elections.The won was quoted at 1,342.1 won per
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