韩元兑美元汇率约为1430，仍接近上周触及的六个月低点，因为疲软的经济数据加强了央行进一步宽松的理由。9月份零售额连续第二个月下降，而工业产出低于预期，这加强了韩国央行的温和立场，此前韩国央行上周表示将进一步放宽政策，同时在对房地产衰退和出口疲软的担忧日益加剧的情况下保持利率不变。受美联储主席鲍威尔鹰派言论的推动，该货币也面临着美元走强的压力，即12月再次降息的可能性没有保证。然而，在华盛顿和首尔敲定一项贸易协议后，损失被部分抵消，该协议缓解了汽车、芯片和造船出口商的不确定性，改善了人们对韩国增长前景的看法。韩元仍有可能连续第二个月下跌。

The South Korean won traded around 1,430 per dollar, remaining near the six-month low touched last week, as soft economic data strengthened the case for further easing by the central bank. Retail sales fell for the second straight month in September, while industrial output missed forecasts, reinforcing the Bank of Korea’s dovish stance after it signaled further policy easing last week while keeping rates unchanged amid mounting concerns over a property slump and weak exports. The currency also faced pressure from a stronger US dollar, driven by Fed Chair Powell’s hawkish remarks that another rate cut in December is not assured. However, losses were partly offset after Washington and Seoul finalized a trade deal that eased uncertainty for exporters in autos, chips, and shipbuilding, improving sentiment toward South Korea’s growth outlook. The won remained on track for a second straight monthly decline.

基准韩国综合股价指数周五上涨0.6%，至4110点左右，创下历史新高，受汽车制造商和芯片巨头三星电子上涨的推动。该指数也有望连续第五周上涨，本月上涨近20%。汽车制造商现代汽车领涨，涨幅超过6%，达到三个月来的最高点，而其姊妹公司起亚公司飙升2.6%，此前有消息称韩美贸易协议已敲定，将汽车出口关税降至15%。造船类股也上涨，因为贸易协议强调造船和能源是韩国计划在美国投资的主要领域。此外，芯片权重股三星电子上涨0.8%，创下历史新高，而其同行SK海力士下跌1.1%。投资者的乐观情绪得到了企业发展的支持，因为美国科技巨头英伟达、三星和现代的领导人在计划宣布人工智能业务合作之前在首尔会面。

The benchmark KOSPI rose 0.6% to around 4,110 on Friday, hitting fresh record levels, boosted by gains in automakers and chip giant Samsung Electronics. The index is also on track for its fifth straight weekly gain and a nearly 20% increase for the month. Carmaker Hyundai Motors led the charge, climbing over 6% to a three-month high, while its sister-company Kia Corp surged 2.6%, following news that the Korea-US trade deal was finalized to lower tariffs on auto exports to 15%. Shipbuilding stocks also advanced, as the trade deal highlighted shipbuilding and energy as major areas of South Korea’s planned investment in the US. Additionally, chip heavyweight Samsung Electronics jumped 0.8% to a new record-high, while its peer SK Hynix dropped 1.1%. Investor optimism was supported by corporate developments, as leaders from US tech giant Nvidia, Samsung, and Hyundai met in Seoul ahead of a planned announcement on their AI business cooperation.

2025年9月，韩国零售额环比下降0.1%，这是连续第二次下降，但与8月份2.4%的大幅下降相比有所缓解。零售额是私人消费的关键指标，提供了消费者支出模式和整体经济情绪的快照，最近的疲软表明，在持续的通货膨胀和收入增长放缓的情况下，家庭仍然保持谨慎。

South Korea’s retail sales slipped 0.1% month-over-month in September 2025, marking a second consecutive decline but easing from the sharper 2.4% drop in August. Retail sales serve as a key indicator of private consumption, offering a snapshot of consumer spending patterns and overall economic sentiment, and the recent softness suggests households remain cautious amid persistent inflation and slower income growth.

2025年9月，韩国工业生产环比下降1.2%，扭转了8月份下调后的2.2%的增长，并低于0.1%的温和增长预期。这一下降反映了全球贸易政策转变的压力，这些政策对半导体、汽车和电子元件等主要出口行业造成了压力。然而，9月份的产量同比增长11.6%，较8月份的0.7%大幅上升，远高于市场预期的5.9%。

South Korea’s industrial production dropped 1.2% month-over-month in September 2025, reversing a downwardly revised 2.2% rise in August and missing expectations for a modest 0.1% increase. The decline reflected pressure from shifting global trade policies that weighed on major export sectors, including semiconductors, automobiles, and electronic components. Year-on-year, however, output jumped 11.6% in September, up sharply from a 0.7% rise in August and well above market estimates of 5.9%.