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Stock impact report

Won Looks to Exports Upturn, Bond Index Entry for a Comeback [Yahoo! Finance]

KB Financial Group Inc (KB) 
US:NYSE Investor Relations: kbfg.com/eng/ir/main/ir_main.jsp
Company Research Source: Yahoo! Finance
(Bloomberg) -- The South Korean won, emerging Asia's worst-performing currency this year, looks poised for a rebound as both local and external factors turn in its favor. Most Read from Bloomberg Harris' Running-Mate Search Zeroes In on Three Top Contenders Trump's Campaign Against Harris Is Like Him: Old and Tired Apple's AI Features Rollout Will Miss Upcoming iPhone Software Overhaul Harris' Favorability Rating Rises to 43% in ABC News/Ipsos Poll Yellen Rebuffs Trump Argument on Dollar Hurting US Manufacturing Natixis SA and Kookmin Bank expect the currency to strengthen at least 2% by the end of the year with the Federal Reserve's anticipated rate cuts a key driver. Strong exports and the nation's anticipated entry into a global index are also expected to add support, with Kookmin Bank projecting the won to reach as high as 1,350 per dollar. “Early August will likely be the toughest period for the won” due to uncertainties over the US elections and Fed policy, said Show less Read more
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