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Finance

Warsh\'s second U.S. FOMC as oil back above $100 revives rate-hike expectations

Markets are factoring in the possibility that Federal Reserve Chair Kevin Warsh could raise the policy rate at this week’s meeting. Oil prices have climbed above $100 a barrel as fighting between Iran and the United States resumes, reviving concerns about energy-driven inflation. Rate-hike odds priced in by futures markets have risen sharply, while bond selling has pushed long-term yields higher in the United States and Europe. Strong U.S. jobs data and inflation still above the Fed’s target are also weighing on expectations.

Finance

Samsung Asset Management FunETF expands information to 5,500 U.S.-listed ETFs

Samsung Asset Management\'s ETF and fund platform FunETF is expanding its global investment information service by adding lookup and comparison features for U.S.-listed ETFs. The company said on July 27 it introduced detailed information and product comparison services for ETFs listed on U.S. stock markets. After the update, users can view information on about 1,140 Korea-listed ETFs and about 5,500 U.S.-listed ETFs in the app.

Finance

Korean stock volatility drives retail investors back to U.S. markets

Repeated sharp swings in South Korea\'s stock market are pushing retail money back into U.S. equities. Credit-financed stock balances and unsettled trading receivables have fallen, while investor deposits remain above 100 trillion won. Retail investors turned from heavy buying of SK Hynix and Samsung Electronics to net selling in late July. Net buying of U.S. shares surged, led by the 3-times leveraged semiconductor ETF SOXL. A lower won-dollar exchange rate also reduced costs.