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

South Korean Bonds Pressured by Lee’s Fiscal Spending Agenda

2 days 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 days 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

4 days 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

4 days 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

5 days 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

6 days 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 week 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.
Emerging Market Currencies Gain as Investors See ‘Stars Align’

1 week ago | bloomberg.com | Jaehyun Eom |Srinivasan Sivabalan |Giovanna Azevedo

(Bloomberg) -- Emerging market currencies gained as President Donald Trump’s move to extend a deadline for aggressive tariffs on the European Union bolstered risk appetite, while trading volumes remained thin due to holidays in the US and the UK. MSCI’s gauge of EM currency returns climbed as much as 0.4% to an all-time high as the dollar hovered around its lowest level in almost two years. Risk-on sentiment was also evident in some equity markets, though MSCI’s broad gauge for stocks fell.
Won May Extend Rally on Easing Political Risks, Trade Deal Bets

1 week ago | bloomberg.com | Jaehyun Eom

(Bloomberg) -- The South Korean won is attracting a growing number of bullish calls from analysts, who expect the country’s trade negotiations with the US and easing political uncertainties to extend a recent rally. The currency may strengthen to as high as 1,320 per dollar by the end of the year, according to BofA Securities. That suggests the potential for over 3% advance following last week’s 2.6% rally, which was the best in Asia. iM Securities Co. in Seoul forecasts a move toward 1,350.
Won Touches Seven-Month High on Report of Currency Talks With US

2 weeks ago | bloomberg.com | Jaehyun Eom

(Bloomberg) -- The South Korean won climbed to a seven-month high late Wednesday after local media reported the direction of the currency was discussed during trade talks with the US. The currency rallied after Korea Economic Daily cited an unnamed government official as saying the US believes a relatively weak won is a fundamental cause of the Asian nation’s trade surplus. The talks are ongoing and nothing has been decided yet, Korea’s finance ministry said in a statement.