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A daily market brief, published each morning. Markets, stocks, industry, economy, global, and policy — sorted by category.

Economy·2026-07-10

Won Steady Near 1,506, Regulators Face Pressure Ahead of July 15 Briefing

The won held steady around 1,506 per dollar, with a portion of SK Hynix's ADR proceeds expected to be converted for domestic fab investment cited as a supportive factor. Regulation of leveraged ETFs remained a key source of market-wide uncertainty. Policy Chief Kim Yong-beom said Friday morning that the products would be improved if necessary, with a decision to be made at a market-monitoring meeting involving the finance ministry, financial regulator, central bank, and financial supervisory service (the so-called F4). Analysts noted the market's frustration that similar review-stage statements have repeated without concrete action. Expectations built that a substantive policy response could emerge at the Financial Services Commission's presidential briefing scheduled for July 15, but concerns grew that market volatility and investor losses could accumulate in the interim. Indeed, some single-stock leveraged products fell even as the underlying SK Hynix shares rose that morning, a distortion attributed to anticipatory positioning around expected regulation.

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Economy·2026-07-10

[Global] Fed Names Advisory Panel as Inflation Expectations Cool

The Federal Reserve named an outside advisory panel to work on five task forces covering its balance sheet, communications, economic data, AI's effects on productivity and employment, and inflation measurement, though the panel members' policy leanings remain unclear. The most recent FOMC minutes were seen as broadly hawkish and short-term rates climbed, but financial conditions indexes have actually eased recently, suggesting policy may be less restrictive than markets fear. Five-year inflation expectations have recently calmed on falling oil prices and hopes for lower consumer prices, with next week's CPI report seen as the key test of how much of the oil decline feeds through. Weekly jobless claims held in the middle of the expected range, signaling continued labor-market stability.

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Economy·2026-07-09

[Global] Fed's June Minutes Show Persistent Inflation Risk, Easing Jobs Concern

The June FOMC minutes showed upside risks to price stability remained elevated, while downside risks to maximum employment had eased somewhat. A few members reportedly said a rate hike would have been appropriate at the June meeting. Most participants judged further tightening would likely be needed if inflation pressures failed to ease, while also noting rates could be held steady or cut if inflation returns to the 2% target. Markets read the minutes as somewhat hawkish. The 10-year Treasury yield rose after the minutes were released, and market-implied odds of an additional Fed rate hike this year climbed to about 60%. Against this backdrop, UBS recommended relatively defensive names including Eli Lilly, Lockheed Martin, Stryker, McDonald's, Charles Schwab and Medtronic. The overnight U.S. and global market brief above is compiled from 삼프로TV 오전 방송 (https://www.youtube.com/watch?v=FeM7qlhVkI0).

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