Easing of 'R Fear' Sparks KOSPI Rebound Expectations: Focus on Korea-U.S. Monetary Policies
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Recently, the KOSPI has shown a five-day consecutive rise, nearing the 2700 mark, as fears of an economic recession ease The 'R (Recession) Fear' that has been pressuring global markets is easing, bringing the KOSPI close to recovering the 2700 level. With positive data from the U.S. on consumer spending and employment, market sentiment is shifting towards optimism. This week’s key events include the Bank of Korea’s monetary policy meeting, the release of the July FOMC minutes, and the Jackson Hole Economic Policy Symposium. This post will explore these developments and what to expect moving forward. 1. Easing of Excessive 'R Fear' and KOSPI Rise Recently, the KOSPI has shown a five-day consecutive rise, nearing the 2700 mark, as fears of an economic recession ease. The U.S. consumer price index (CPI) for July, released on August 13, slightly missed expectations, indicating a modest decline in inflation. Additionally, the July retail sales data released on August 14 sur...