South Korea stocks drop over 2%, Hang Seng also weaker
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2024
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Source: MarketWatch
Market Performance: Asian shares mostly declined, with South Korea's benchmark falling 2.3%, following record highs in U.S. stocks last week.
Geopolitical Impact: The overthrow of Syrian leader Bashar Assad has created uncertainty in world markets, affecting oil prices and leading to a slight decrease in U.S. futures.
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.
