AP Photo/Ahn Young-joon shows currency traders at KEB Hana Bank headquarters in Seoul intently monitoring screens displaying the Korea Composite Stock Price Index (KOSPI) and the fluctuating exchange rate between the U.S. dollar and the South Korean won.
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul , South Korea, Friday, Oct. 4, 2024. A currency trader watches monitors near a screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul , South Korea, Friday, Oct. 4, 2024.
Prime Minister Shigeru Ishiba, who took office on Tuesday, was due to give a policy speech on Friday that could indicate his government’s stance on issues such as interest rates and spending. A cheaper yen could work as a plus for Japan’s giant exporters like Nintendo and Toyota by boosting the value of its overseas earnings. But it raises the cost of imports of oil and other vital commodities, pushing prices higher and pinching household spending.Analysis: Iran reluctant so far to retaliate against Israel after airstrike kills Hezbollah leaderThe S&P 500 fell 0.2% to 5,699.94 and the Dow Jones Industrial Average fell 0.4% to 42,011.59. The Nasdaq composite edged less than 0.
The rise came after President Joe Biden suggested on Thursday that U.S. and Israeli officials were discussing a possible strike by Israel against Iranian oil facilities.
Finance Currency Trading KOSPI Won-Dollar Exchange Rate Seoul
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