Asian markets slip after South Korea’s political drama, but Kospi falls only 2%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 04 2024
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Source: MarketWatch
Market Reaction: Asian markets experienced a decline due to political instability in South Korea, with the Kospi index dropping less than 2%.
U.S. Futures and Oil Prices: While U.S. futures showed an increase, oil prices remained relatively stable.
Analyst Views on USDJPY
Wall Street analysts forecast USDJPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USDJPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 158.344
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Current: 158.344
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
