周三，韩元兑美元汇率升至1380美元左右，为约一个月来的最高水平，原因是美元在美联储为期两天的会议结束时作出政策决定之前下跌。虽然25个基点的降息已完全消化，但投资者的注意力已转向美联储的前瞻性指引及其宽松周期的步伐。在国内方面，韩元受到强劲贸易数据的支撑，韩国8月汽车出口增长8.6%，达到55亿美元，创下本月新高，尽管美国征收关税，但欧洲电动汽车需求强劲。出口量增长5.5%，达到200317台，而1月至8月的累计出货量达到创纪录的477亿美元。

The South Korean won rose at around 1,380 per dollar on Wednesday, the highest level in about a month as the dollar retreated ahead of the Federal Reserve’s policy decision at the conclusion of its two-day meeting. While a 25-basis-point rate cut is fully priced in, investor attention has shifted to the Fed’s forward guidance and the pace of its easing cycle. On the domestic front, the won drew support from strong trade data as South Korea’s auto exports jumped 8.6% in August to $5.5 billion, a record for the month, driven by robust EV demand in Europe despite US tariffs. Export volumes rose 5.5% to 200,317 units, while cumulative shipments from January to August hit a record $47.7 billion.

基准韩国综合股价指数周三下跌1.1%，至3410点左右，从前一交易日的历史高点回落，追随华尔街隔夜的下跌，因为投资者在美联储的政策决定之前变得谨慎。美联储开始为期两天的会议后，标准普尔500指数、纳斯达克指数和道琼斯指数在震荡中下跌，市场普遍预计将降息25个基点以应对劳动力市场的恶化。尽管如此，8月份美国零售销售强于预期，加剧了人们的担忧，即鲍威尔主席可能会采取更谨慎的语气，缓和全球风险偏好，并拖累亚洲股市。在国内，韩国综合股价指数的回落也归因于在连续创下历史新高后的获利回吐。重量级芯片制造商三星电子（-2%）和SK海力士（-3.5%）领跌，而韩华航空航天（-0.8%）和斗山能源（-3.2%）等其他大盘股也下跌，外国投资者在当地市场成为净卖家。

The benchmark KOSPI fell 1.1% to around 3,410 on Wednesday, retreating from record highs in the previous session, tracking overnight losses on Wall Street as investors turned cautious ahead of the Federal Reserve’s policy decision. The S&P 500, Nasdaq, and Dow slipped in choppy trade after the Fed began its two-day meeting, with markets largely expecting a 25 basis point cut to counter a deteriorating labor market. Still, stronger-than-expected US retail sales in August added to concerns that Chair Powell could strike a more measured tone, tempering global risk appetite and weighing on Asian equities. Domestically, the KOSPI’s retreat was also attributed to profit-taking after straight sessions of record highs. Losses in heavyweight chipmakers Samsung Electronics (-2%) and SK Hynix (-3.5%) led the decline, while other large caps such as Hanwha Aerospace (-0.8%) and Doosan Enerbility (-3.2%) also moved lower, with foreign investors turning net sellers in the local market.

韩元兑美元汇率触及1380.00，为2025年8月以来的最高点。在过去的4周里，美元韩元下跌了0.65%，在过去的12个月里，韩元上涨了4.55%。

The South Korean Won touched 1380.00 against the USD, the highest since August 2025. Over the past 4 weeks, US Dollar South Korean Won lost 0.65%, and in the last 12 months, it increased 4.55%.

周二，基准韩国综合股价指数上涨0.8%，至3435点左右，连续第七个交易日创下历史新高，这得益于芯片制造商的强劲增长和国内政策信号。SK海力士（SK Hynix）上涨3.8%，三星电子（Samsung Electronics）上涨1.3%，投资者押注半导体需求强劲，对人工智能持乐观态度，贸易紧张局势有所缓解。财政部长承诺通过人工智能创新开创“KOSPI 5000”时代，这为外资流入提供了支持，而政府决定保持大股东资本利得税的50亿韩元门槛，增强了人们对市场前景的信心。从外部来看，华盛顿和北京在马德里举行的贸易谈判取得进展的信号进一步缓解了全球增长担忧，而对美联储本周降息的预期提高了全球风险偏好。

The benchmark KOSPI rose 0.8% to around 3,435 on Tuesday, advancing for the seventh straight session to another all-time high, driven by strong gains in chipmakers and domestic policy signals. SK Hynix jumped 3.8% and Samsung Electronics added 1.3% as investors bet on resilient demand for semiconductors amid optimism over AI and easing trade tensions. Foreign inflows were supported by the finance minister’s pledge to usher in a ‘KOSPI 5,000’ era through AI innovation, while the government’s decision to keep the KRW 5 billion threshold for large shareholder capital gains tax reinforced confidence in the market outlook. Externally, signals of progress from trade talks between Washington and Beijing in Madrid further eased global growth concerns, while expectations for a US Federal Reserve rate cut this week lifted global risk appetite.