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Finance & Markets

Korea’s Foreign Bank Scrutiny Intensifies With Bond Sale Delayed

As Korea mulls restrictions that would limit certain foreign banks from arranging overseas bond sales, informal guidance has already played a role in delaying at least one such deal, people familiar with the matter said.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Shipping Stocks Rally as KOSPI Plunges 14% on Surging Freight Rates

As South Korea’s stock market undergoes a sharp correction, shipping stocks are standing out, with the KRX Transportation index the only one among the exchange’s major industry indices to post a gain.

  • South Korea's shipping stocks surge as KOSPI drops 14% due to rising freight rates
  • KRX Transportation index gains 1.76% over previous week, opposite KOSPI's 14.21% decline
  • Pan Ocean and HMM shipping companies see significant gains, Pan Ocean up 16.03%, HMM 8.60%

U.S. Inflation Accelerates to 3.7%, Deepening Fed’s Rate Dilemma

As inflationary pressures in the United States intensify again, the Federal Reserve’s (Fed) monetary policy outlook has become increasingly complicated.

  • U.S. inflation rate jumps to 3.7% in September, exceeding 3.6% expectations
  • Gasoline prices surge 9.1% month-over-month, driving overall price increase
  • Fed's Beige Book reveals inflation spreading across all 12 Fed districts

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