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2h ago

Seoul Stocks Slip Ahead of U.S. Inflation Test After BOK-Fueled Rebound

Foreign selling reflects caution before the PCE release.

Employees work at the dealing room of Hana Bank in central Seoul on Aug. 28, 2025. (Yonhap)
This photo, taken Aug. 28, 2025, shows the dealing room of Hana Bank in Seoul. (Yonhap)
Screens showing financial data are seen inside a dealing room in Hana Bank in central Seoul, on Aug. 28, 2025. (Yonhap)

Overview

  • The KOSPI fell 0.32% to 3,186.01 on Aug. 29 as trading thinned ahead of U.S. July PCE inflation data, and the won eased to 1,390.1 per dollar.
  • Foreign investors offloaded 366 billion won on Friday, while institutions bought a net 62.5 billion won and retail investors purchased 229.7 billion won.
  • A day earlier, the index closed up 0.29% at 3,196.32 after the Bank of Korea kept the base rate at 2.5% and nudged its 2025 growth forecast to 0.9%.
  • The won strengthened to 1,387.5 per dollar after the BOK decision as bond yields inched higher, with three-year and five-year government yields both rising slightly.
  • Nvidia’s earnings beat but slower AI-chip growth pressured early Seoul trade on Aug. 28, contributing to mixed tech moves and rotation into finance, defense and shipbuilding, with shipbuilders advancing again on Friday.