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Euro steadies against Japanese Yen as German sentiment beats expectations

EUR/JPY trades around 185.65 on Thursday at the time of writing, virtually unchanged on the day. The Euro (EUR) benefits from encouraging German data, while the Japanese Yen (JPY) continues to struggle to attract sustained demand amid concerns over Japan’s fiscal position.

Euro steadies against Japanese Yen as German sentiment beats expectations

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[Closing Market] KOSPI Settles Above 6,910 on Foreign, Institutional Buying

On Aug. 27, the domestic stock market closed on a positive note, showing a steep upward trend driven by the combined buying momentum of foreign and institutional investors.

  • KOSPI index closed above 6,910, up 1.53% from previous day
  • Foreign and institutional buying drove market gains, especially in semiconductors and IT stocks
  • KRW/USD exchange rate settled at low 1,380 won range, down slightly from previous day

More from Thursday 27 August →