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.

周四，韩元兑美元汇率徘徊在1397美元左右，在最近的疲软之后几乎没有变化，因为更广泛的美元走强主导了市场情绪。该货币追随稳定的美元，投资者正在为美联储主席鲍威尔在杰克逊霍尔的演讲做准备，寻求明确潜在的政策宽松步伐。9月降息的市场可能性仍然很高，但最近几天有所回落，因为美联储强调了对劳动力市场疲软的持续通胀担忧，而关税继续加深了委员会内部的分歧。与此同时，美元需求的回升与华尔街科技股主导的抛售有关，这支撑了避险资金流入美元。在国内，交易员大多持观望态度，由于股票基金在最近几个交易日录得大量资金外流，谨慎情绪挥之不去，这表明交易员在等待全球政策线索和地区事件时存在风险规避。

The South Korean won hovered around 1,397 per dollar on Thursday, showing little movement after recent weakness as broader dollar strength dominated sentiment. The currency tracked the steady dollar, with investors bracing for Fed Chair Powell’s speech at Jackson Hole, seeking clarity on the pace of potential policy easing. Market odds for a September rate cut remain high but have eased back in recent days as the Fed emphasized persistent inflation concerns over labor market softness, while tariffs continued to deepen divisions within the committee. At the same time, renewed dollar demand was linked to a tech-led selloff on Wall Street which underpinned safe-haven flows into the greenback. Domestically, traders largely stayed on the sidelines, with caution lingering as equity-based funds recorded sizable outflows in recent sessions, signaling risk aversion as traders await global policy cues and regional events.

周四，基准韩国综合股价指数上涨0.9%，至3160点左右，从多日的下跌中恢复过来，主要科技股和汽车股反弹，同时全球科技股疲软有所缓解。三星电子上涨1.9%，而LG能源解决方案微涨0.9%。汽车巨头现代汽车和起亚分别上涨1.5%和0.5%。其他上涨股包括韩华航空航天和KB金融，而SK海力士仍是唯一一家出现亏损的重量级公司，下跌2.2%。在全球范围内，市场隔夜面临科技股抛售，昨日对韩国股市造成压力，但美国科技股下跌的减少支撑了今天的上涨。在美联储主席鲍威尔发表杰克逊霍尔演讲之前，投资者也保持谨慎，而该公司的获胜为市场情绪提供了适度的支持。在国内，韩国7月份的生产者价格保持稳定，制造业成本下降，而服务业和农产品价格攀升，为以制造业为重点的行业的投资者前景提供了喜忧参半的背景。

The benchmark KOSPI rose 0.9% to around 3,160 on Thursday, recovering from multi-day losses, lifted by rebounds in major tech and automotive stocks, alongside easing global tech weakness. Samsung Electronics advanced 1.9%, while LG Energy Solution inched up 0.9%. Auto leaders Hyundai Motor and Kia rose 1.5% and 0.5%, respectively. Other gainers included Hanwha Aerospace and KB Financial, while SK Hynix remained the only heavyweight in the red, dropping 2.2%. Globally, markets had faced a tech selloff overnight, pressuring South Korean shares yesterday, but reduced declines in US tech stocks underpinned today’s rise. Investors also remained cautious ahead of Fed Chair Powell’s Jackson Hole speech, while the firm won lent modest support to sentiment. Domestically, South Korea’s producer prices were stable in July, with manufacturing costs easing while services and agricultural prices climbed, providing a mixed backdrop for investor outlook in manufacturing-focused sectors.