May 29 Pre-Market Briefing: SOX Up, Won Still Weak at 1,496
US tech ended higher overnight, with the SOX rising 1.00% and the NASDAQ and S&P 500 also posting gains. But the won remains weak at 1,496 per dollar, while Korea’s previous session saw the KOSPI and especially the KOSDAQ fall sharply. For the Korea market open, the key question is whether the global semiconductor bid can offset currency pressure and thin risk appetite.
