韩国10年期国债 (SouthKorea10Y) 加自选

周五，韩元兑美元汇率跌至1365左右，从34周高点回落，原因是美元走强导致韩元贬值。在中东紧张局势不断升级之际，投资者寻求安全资产，这增加了全球市场的压力。以色列宣布全国进入紧急状态，并就潜在的导弹和无人机袭击发出警报，加剧了地缘政治紧张局势，并影响了投资者信心。韩元进一步走软是由国内因素推动的，包括李总统提出的公司治理改革。虽然这些计划提振了市场的乐观情绪，但也引发了人们对实施障碍和对企业实践的潜在影响的担忧。

The South Korean won weakened to around 1,365 per dollar on Friday, retreating from a 34-week high as the currency depreciated due to the strengthening dollar. Investors sought safe-haven assets amid escalating tensions in the Middle East have added pressure on the global market. Israel announced a nationwide state of emergency and issued alerts over potential missile and drone assaults, intensifying geopolitical tensions and weighing on investor confidence. Further weakness in the won was driven by domestic factors, including President Lee Jae-myung’s proposed corporate governance reforms. While the plans boosted market optimism, they also raised concerns over implementation hurdles and potential impacts on corporate practices.

韩国综合股价指数周五下跌1.3%，至2880点左右，从昨日触及的三年高点回落。尽管对李总统的改革举措持乐观态度，包括削减股息税、更严格的交易规则和更强有力的公司治理，但在获利回吐和投资者谨慎之后，出现了抛售。尽管这些措施在本周早些时候引发了外资流入，但对政治阻力和强大企业集团对改革的抵制的担忧缓和了反弹。与此同时，美中贸易谈判的不确定性打压了市场情绪，因为谈判以有限的进展结束。在企业方面，科技股和汽车股领跌，包括三星电子（-1.6%）、LG能源解决方案（-3.0%）、现代汽车（-1.8%）、韩华航空航天（-1.2%）和KB金融集团（-0.7%）。分析人士认为，此次回落是近期高点之后的正常回调，未来走势取决于改革势头和全球信号。

The KOSPI dropped 1.3% to around 2,880 on Friday, pulling back from a three-year high touched yesterday. The selloff followed profit-taking and investor caution despite optimism over President Lee Jae-myung's reform push, which includes dividend tax cuts, stricter trading rules, and stronger corporate governance. While these measures sparked foreign inflows earlier in the week, concerns over political resistance and powerful conglomerates' pushback to the reforms have tempered the rally. Meanwhile, uncertainty over US-China trade talks weighed on sentiment, as discussions ended with limited progress. On the corporate front, losses were led by tech and auto stocks, including Samsung Electronics (-1.6%), LG Energy Solution (-3.0%), Hyundai Motor (-1.8%), Hanwha Aerospace (-1.2%), and KB Financial Group (-0.7%). Analysts see the retreat as a normal correction after recent highs, with future movement hinging on reform momentum and global signals.

美元兑韩元跌至1351.00的34周低点。在过去的4周里，美元韩元下跌了4.46%，在过去的12个月里，韩元下跌了1.61%。

USDKRW decreased to a 34-week low of 1351.00. Over the past 4 weeks, US Dollar South Korean Won lost 4.46%, and in the last 12 months, it decreased 1.61%.

周四，韩元兑美元升值至1360元左右，打破了连续两天的下跌，因为新总统提出的市场改革提振了对当地资产的需求。6月11日，韩国总统李在明提议削减股息收入税，改善公司治理，以提高股东价值，解决“韩国折扣”问题。投资者对这些措施表示欢迎，但对公司财务的长期影响仍存在担忧。与此同时，韩国央行行长李昌镛警告称，过度的货币宽松政策可能会重新点燃房地产价格泡沫，加剧汇率波动。央行最近在5月29日将关键利率降至2.5%，但表示对进一步降息持谨慎态度。财政刺激和温和货币立场的政策组合增加了投资者对经济稳定和市场风险的关注。

The South Korean won appreciated to around 1,360 per dollar on Thursday, breaking a two-day slide as the new president's proposed market reforms boosted demand for local assets. On June 11, President Lee Jae-myung proposed cutting taxes on dividend income and improving corporate governance to raise shareholder value and address the "Korea Discount." Investors welcomed the measures, though concerns linger over long-term impacts on corporate finances. Meanwhile, Bank of Korea Governor Rhee Chang-yong warned that excessive monetary easing could reignite property price bubbles and fuel exchange rate volatility. The central bank had recently cut its key interest rate to 2.5% on May 29 but signaled caution about further reductions. The policy mix of fiscal stimulus and a dovish monetary stance has increased investor focus on economic stability and market risks.