It's All Going Beautifully for Warsh: 3-Minutes MLIV
Speakers
Paul Dobson
— Executive Editor, Bloomberg
Summary
Paul Dobson explains that softening US data and reduced Fed rate-hike expectations are fueling a risk-on mood, with a weaker dollar and stronger Asian assets. The focus is on South Korea, where equities are rallying on deal news between Anthropic and Samsung and a sharp rebound in SK Hynix shares, while the Korean won is set to benefit from new 24-hour trading and fund inflows.
- Fed rate-hike bets decline after dovish Walsh comments and weaker payrolls.
- Risk-on sentiment strengthens Asian FX, commodities, and equities.
- South Korean equities rally on Anthropic-Samsung deal talks and SK Hynix bounce.
- SK Hynix had its worst day since 2008 but recovers over 10%.
- Korea introduces 24-hour won trading from Monday to pursue developed market status.
- Fund flows from SK Hynix’s US fundraise are temporarily boosting the won.
Ideas
Risk-on fuels South Korean equity rally.
The macro environment is shifting risk-on as the market prices out Fed rate hikes, weakening the dollar and strengthening Asian FX. In South Korea, a deal between Anthropic and Samsung is providing a catalyst, while SK Hynix is rebounding sharply after its worst day since 2008, signaling strong positive momentum for Korean equities.
24-hour trading strengthens Korean won.
The Korean won is set to benefit from the introduction of 24-hour trading, a structural development that supports Korea's bid for developed market status and increases currency accessibility, with an additional short-term boost from fund flows related to SK Hynix's U.S. fundraise.
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This Bloomberg Markets video, published July 03, 2026, features Paul Dobson discussing KS, KRW. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Paul Dobson · Tickers: KS, KRW