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South Korean stocks closed marginally lower on August 31 after a three-day rally, as investors weighed expectations that the US Federal Reserve may pause rate hikes. US private payrolls grew more slowly than expected in August, and second-quarter GDP came in below estimates.
The won inched up against the dollar and MSCI rebalancing also affected trading.
US labor and growth data shaping Fed expectations affect the dollar and emerging-market currencies that influence import costs for feed buyers. The direct link to grain prices is minimal.
en.yna.co.krKim Seung-yeonAug 31, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
