周一，韩元兑美元汇率跌至1386美元左右，在美元走强和韩美峰会前的不确定性加剧的情况下，韩元与亚洲其他货币一同走弱。此次峰会是在特朗普政府推动韩美联盟“现代化”之际举行的，此举可能要求首尔承担更高的国防成本，并促使驻扎在朝鲜半岛的28500名美军进行重组，因为华盛顿正在加大力度对抗中国不断扩大的影响力。进一步打压市场情绪的是，7月份韩国对美国的钢铁出口从去年同期的3.82亿美元降至2.83亿美元，下降了26%，为2021年3月以来的最低水平，此前华盛顿在6月份将所有钢铁和铝进口关税翻了一番，达到50%。

The South Korean won slipped to around 1,386 per dollar on Monday, weakening alongside broader Asian peers amid dollar strength and heightened uncertainty ahead of the South Korea-US summit. The summit, takes place amid the Trump administration’s push to “modernize” the South Korea–US alliance, a move that could require Seoul to shoulder higher defense costs and prompt a restructuring of the 28,500 US troops stationed on the peninsula as Washington ramps up efforts to counter China’s expanding influence. Further weighing on sentiment, South Korea’s steel exports to the United States fell 26% in July to $283 million from $382 million from a year earlier, the lowest since March 2021, after Washington doubled tariffs on all steel and aluminum imports to 50% in June.

周一，基准韩国综合股价指数上涨0.68%，至3190点左右，连续第三个交易日上涨，因为美联储主席杰罗姆·鲍威尔在美联储下次会议上暗示可能降息后，投资者信心增强。韩国企业集团领导人前往华盛顿参加李明博总统与美国总统唐纳德·特朗普的峰会，进一步提振了乐观情绪。周一举行的峰会有更广泛的目标，包括加强美韩联盟的体制框架，协调针对朝鲜核计划的安全政策，并表明李总统打算通过巩固与华盛顿的联盟，同时保持与北京的务实接触，重新调整首尔的外交政策。在企业方面，SK海力士（2.19%）、LG能源解决方案（1.90%）和KB金融集团（1.48%）的涨幅显著，而韩华海洋（-2.63%）和三星电子（-0.14%）则出现亏损。

The benchmark KOSPI climbed 0.68% to around 3,190 on Monday, rising for the third straight session as investor confidence strengthened after Federal Reserve Chair Jerome Powell signaled a possible rate cut at the Fed’s next meeting. Optimism was further lifted as South Korean conglomerate leaders headed to Washington to join President Lee Jae Myung’s summit with US President Donald Trump. The summit, held Monday, carries broader objectives that include reinforcing the institutional framework of the US–South Korea alliance, coordinating security policy toward North Korea’s nuclear program, and signaling President Lee’s intent to recalibrate Seoul’s foreign policy by consolidating alignment with Washington while maintaining pragmatic engagement with Beijing. On the corporate front, notable gains were SK Hynix (2.19%), LG Energy Solution (1.90%), and KB Financial Group (1.48%), while Hanwha Ocean (-2.63%) and Samsung Electronics (-0.14%) posted losses.

基准韩国综合股价指数周五上涨1.1%，至3170点左右，尽管华尔街隔夜下跌，但领先亚洲涨幅，投资者正在等待美联储主席杰罗姆·鲍威尔在杰克逊霍尔发表的货币政策指导演讲。在疲软的劳动力数据和持续的通胀风险之后，市场正在寻求明确美国可能降息的时机。在国内，科技和国防的实力支撑了首尔在整个亚洲的表现。半导体股在经历了五天的下跌后反弹，提振了市场情绪，人们希望全球需求状况能够稳定到年底。蓝筹股领涨，三星电子上涨1.4%，SK海力士上涨1.2%。国防企业也有所上涨，韩华航空航天公司上涨5.3%，反映出对出口增长的持续信心和政府对该行业的政策支持。相比之下，选择性获利回吐对电池和汽车造成压力，LG能源解决方案下跌0.5%，现代汽车下跌0.2%。

The benchmark KOSPI climbed 1.1% to around 3,170 on Friday, leading Asian gains despite overnight losses on Wall Street, as investors awaited Fed Chair Jerome Powell’s Jackson Hole speech for guidance on monetary policy. Markets are seeking clarity on the timing of potential US rate cuts after weak labor data and persistent inflation risks. Domestically, strength in tech and defense underpinned Seoul’s outperformance across Asia. Sentiment was lifted by a rebound in semiconductor shares after a five-day slide, with hopes that global demand conditions could steady into year-end. Blue-chips led the rally, with Samsung Electronics up 1.4% and SK Hynix rising 1.2%. Defense firms also gained ground, with Hanwha Aerospace jumping 5.3%, reflecting sustained confidence for export growth and government policy support for the sector. In contrast, selective profit-taking weighed on batteries and autos, with LG Energy Solution down 0.5% and Hyundai Motor easing 0.2%.

周五，韩元兑美元汇率稳定在1398附近，延续了其第二个交易日的平静，因为投资者正在等待美联储主席杰罗姆·鲍威尔（Jerome Powell）预期的杰克逊霍尔（Jackson Hole）演讲，这可能会影响美国降息的前景，同时也会影响国内经济的好坏参半的信号。在疲软的劳动力数据和持续的通胀风险之后，市场正在寻求明确潜在政策放松的时机。压力来自韩国巨大的能源进口需求，8月份的数据显示，来自美国的亚洲液化天然气出货量创下八个月新高，这加强了美元对燃料支付的需求，并引发了人们对韩国进入冬季的贸易平衡的担忧。与此同时，贸易数据提供了一些支持，8月前20天，由于半导体和汽车需求强劲，出口增长了7.6%，超过了进口0.4%的温和增长，并产生了8亿美元的临时盈余。

The South Korean won held steady near 1,398 per dollar on Friday, extending its second session of muted trading as investors await Fed Chair Jerome Powell’s anticipated Jackson Hole speech, which could shape the outlook for US rate cuts, while also weighing mixed signals from the domestic economy. Markets are seeking clarity on the timing of potential policy easing after weak labor data and persistent inflation risks. Pressure came from Korea’s heavy energy import needs, with August data pointing to an eight-month high in Asian LNG shipments from the US, reinforcing dollar demand for fuel payments and raising worries over Korea’s trade balance heading into winter. Meanwhile, trade data offered some support, with exports rising 7.6% in the first 20 days of August on robust demand for semiconductors and automobiles, outpacing a modest 0.4% increase in imports and yielding a provisional surplus of $800 million.