周一，韩元兑美元汇率升至1392美元左右，随着全球情绪的改善，韩元从最近的下跌中恢复过来。美联储降息后，亚洲股市上涨，交易员们正在关注进一步宽松的迹象。与此同时，在中国本周决定最优惠贷款利率之前，人们也越来越乐观，希望当局能够维持信贷状况并支持地区贸易。与此同时，韩国总统李明博警告称，华盛顿在没有保障措施的情况下推动3500亿美元的韩国投资可能会引发1997年式的金融危机，除非与货币互换相结合，否则韩元的上涨势头有所缓和。他的言论突显了资本外流、外汇储备紧张以及与美国脆弱的贸易关系等风险，给韩国的外部稳定前景蒙上了阴影。展望未来，市场关注的是北京的政策立场、即将发布的美国个人消费支出通胀报告，以及美联储主席杰罗姆·鲍威尔和其他官员对宽松步伐信号的评论。

The Korean won rose to around 1,392 per USD on Monday, recovering from recent losses as global sentiment improved. Asian equities advanced after the Fed’s rate cut, with traders watching for cues on further easing. At the same time, optimism also built ahead of China’s loan prime rate decision this week, with hopes that authorities will maintain credit conditions and back regional trade. Meanwhile, upside for the won was tempered after President Lee Jae Myung warned that Washington’s push for $350 billion in Korean investments without safeguards could trigger a 1997-style financial crisis unless paired with a currency swap. His remarks highlighted risks over capital outflows, FX reserve strains, and fragile trade ties with the US, clouding Korea’s external stability outlook. Looking ahead, markets are focused on Beijing’s policy stance, the upcoming US PCE inflation report, and comments from Fed Chair Jerome Powell and other officials for signals on the pace of easing.

周一，基准韩国综合股价指数上涨0.80%，至3472点左右，扭转了前一交易日的跌幅，该指数追随华尔街的反弹。在国内，科技股和汽车股领涨，三星电子（3.89%）、LG电子（2.15%）、现代汽车（1.17%）和起亚公司（0.20%）的贡献显著，而SK海力士（-1.70%）和韩华航空航天（-1.37%）拖累该指数。数据显示，韩国9月前20天的出口同比增长13.5%，达到401.2亿美元，投资者情绪有所改善，进一步巩固了这一涨势。同期，进口额增长9.9%，达到382.2亿美元，贸易顺差为19亿美元。最新数据公布之前，8月份出口额增长1.3%，达到584亿美元，主要受半导体需求强劲的推动。

The benchmark KOSPI rose 0.80% to around 3,472 on Monday, reversing losses from the previous session as the index tracked Wall Street’s rally. Domestically, gains were led by strength in technology and auto stocks, with notable contributions from Samsung Electronics (3.89%), LG Electronics (2.15%), Hyundai Motor (1.17%), and Kia Corporation (0.20%), while SK Hynix (-1.70%) and Hanwha Aerospace (-1.37%) weighed on the index. Reinforcing the advance, investor sentiment improved after data showed South Korea’s exports expanded 13.5% year-on-year in the first 20 days of September to US$40.12 billion. Imports rose 9.9% to $38.22 billion over the same period, producing a trade surplus of $1.9 billion. The latest figures followed a 1.3% rise in August exports to $58.4 billion, driven largely by strong semiconductor demand.

韩国李警告3500亿美元的需求可能引发1997年式的金融危机。韩国总统李明博警告称，如果韩国接受美国提出的3500亿美元无保障投资的要求，韩国可能会面临类似于1997年经济崩溃的金融危机。他说，贸易谈判的主要障碍是确保项目的商业可行性，华盛顿坚持控制资金流向。

South Korea's Lee warns US $350bn demand could spark 1997-style financial crisis.South Korean President Lee Jae Myung warned that Seoul could face a financial crisis similar to the 1997 meltdown if it accepts U.S. demands for $350 billion in investments without safeguards. He said the key stumbling block in trade talks is ensuring the commercial viability of projects, with Washington insisting on control over where the money goes.

独家报道：韩国总统李表示，美国的投资要求将引发金融危机。韩国总统李明博告诉路透社，如果政府在没有保障措施的情况下接受美国目前在陷入僵局的贸易谈判中的要求，韩国经济可能会陷入与1997年崩溃相媲美的危机。

Exclusive: South Korea's President Lee says US investment demands would spark financial crisis.South Korea's economy could fall into crisis rivalling its 1997 meltdown if the government accepts current U.S. demands in stalled trade talks without safeguards, President Lee Jae Myung told Reuters.