Currency traders watch 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, Thursday, Aug. 8, 2024. Currency traders watch a screen showing the Korea Composite Stock Price Index , top left, and the foreign exchange rate between U.S.
Japanese officials moved Wednesday to calm concerns over potential rate hikes after an increase in its key rate contributed to the heavy selling on Monday, when the Nikkei suffered its worst percentage loss since 1987. “Recent export orders data suggests that export strength will continue to be concentrated in tech-related exports; other categories continued to show mixed performance but generally, there were signs of a broader recovery across more industries in the past few months,” said Robert Carnell, regional head of research Asia-Pacific at ING. Economics.
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