# Seoul shares snap 3-day rise amid U.S. rate pause outlook | Yonhap News Agency

> 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.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: market · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/34840-seoul-shares-snap-3-day-rise-amid-u-s-rate-pause-outlook-yonhap-news-agency
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20230831006700320

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.