Jaehyun Eom

@Business reporter in Seoul. Writing, blogging and ranting about markets. Opinion is mine and retweet is not the endorsement. Contact: [email protected]

Articles

Korean Assets Draw Foreign Inflows on Election Clarity

2 weeks ago | bloomberg.com | Jaehyun Eom

Commercial and residential buildings seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023. South Korea is also set to report on trade data Friday, one of the earliest looks into how global demand was holding up in November.
Korea’s Pension Fund Stops Selling Dollars After Won Rebound

2 weeks ago | bloomberg.com | Daedo Kim |Jaehyun Eom

South Korea’s National Pension Service has ended a five-month strategy of selling dollars in a bid to support the won. Photographer: SeongJoon Cho/Bloomberg(Bloomberg) -- South Korea’s National Pension Service has ended a five-month strategy of selling dollars in a bid to support the won, according to people familiar with the matter.
Global Demand Jumps for Emerging Asia Bonds on Rate-Cut Bets, FX

2 weeks ago | bloomberg.com | Marcus Wong |Jaehyun Eom

(Bloomberg) -- Global investors are extending their purchases of sovereign bonds in emerging Asia on rate-cut wagers and stronger local currencies. Foreign funds bought $2.9 billion in Malaysia conventional government bonds in May, according to Bank Negara Malaysia’s latest data, the largest monthly inflow since October 2013.
South Korean Bonds Pressured by Lee’s Fiscal Spending Agenda

3 weeks ago | bloomberg.com | Jaehyun Eom

Lee Jae-myung(Bloomberg) -- South Korean bonds are facing tougher times ahead, as concerns grow that the country’s left-leaning new president will usher in an era of fiscal expansion accompanied by rising government debt. The yield on the 10-year sovereign paper jumped more than 10 basis points to 2.90% on Wednesday, after Lee Jae-myung’s election win ended months of political turmoil. It dropped about four basis points in early Thursday trading.
South Korean Stocks Enter Bull Market, Bonds Sink After Election

3 weeks ago | bloomberg.com | Youkyung Lee |Jaehyun Eom

(Bloomberg) -- South Korea’s equity benchmark climbed to enter a bull market, after Lee Jae-myung’s widely-expected win in the presidential election ended a months-long political leadership vacuum. The Kospi Index ended 2.7% higher on Wednesday, taking its gain from the April low to more than 20% as investors piled into potential beneficiaries of Lee’s reform and growth agenda.
Emerging Stocks Weighed Down by Latest Twists in Trade Saga

3 weeks ago | news.bloomberglaw.com | Kelsey Butler |Jaehyun Eom

Emerging market stocks dropped as US-China trade tensions once again bubbled to the surface, while dollar weakness fueled a surge in developing-nation currencies. TheMSCI Emerging Markets Equity Index slid as much as 1.2% before closing the day down 0.3% at its lowest level in three weeks. Samsung Fire & Marine Insurance Co. and Hyundai Mobis Co. Ltd. led the losses. US President Donald Trump and Chinese President Xi Jinping are likely to speak this week amid strains between Washington and Beijing.
Emerging-Market Stocks Retreat as Tariff Tension Hurts Sentiment

3 weeks ago | news.bloomberglaw.com | Jaehyun Eom

Emerging market stocks retreated as trade tension between US and China remain elevated, with both sides accusing each other of breaching the consensus reached in Geneva last month. The MSCI Emerging Markets Index declined as much as 1.2% on Monday, with Taiwan Semiconductor Manufacturing Co. and Tencent Holdings Ltd. among the biggest contributors to the drop. MSCI’s gauge of EM FX, a total return index that includes interest earned on those currencies, was little changed.
Traders' Guide to Navigating South Korea's Presidential Vote

3 weeks ago | financialpost.com | Youkyung Lee |Jaehyun Eom

Advertisement 1South Korea’s presidential vote is putting the spotlight on energy, brokerage and domestic-focused shares in the country’s outperforming $1.8 trillion equity market. Article content(Bloomberg) — South Korea’s presidential vote is putting the spotlight on energy, brokerage and domestic-focused shares in the country’s outperforming $1.8 trillion equity market. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load.
Traders’ Guide to Navigating South Korea’s Presidential Vote

3 weeks ago | bloomberg.com | Youkyung Lee |Jaehyun Eom

Voters prepare to cast their ballots during the early voting period at a polling station inside Incheon International Airport in Incheon, South Korea, on May 29. (Bloomberg) -- South Korea’s presidential vote is putting the spotlight on energy, brokerage and domestic-focused shares in the country’s outperforming $1.8 trillion equity market.
Emerging Market Currencies Gain as ‘Stars Align’ for Sector

1 month ago | ca.finance.yahoo.com | Jaehyun Eom |Srinivasan Sivabalan |Catherine Bosley

(Bloomberg) -- Emerging market currencies rose, as President Donald Trump’s move to extend a deadline for aggressive tariffs on the European Union bolstered risk appetite.