周三，韩元贬值至1美元兑1396韩元左右，延续了第二个交易日的跌势，因为在鲍威尔发表杰克逊霍尔演讲之前，美元持续走强，投资者寻求明确美国降息的时机。在国内，韩国央行数据显示，截至6月底，家庭信贷攀升至创纪录的1952.8万亿韩元，这是自2021年以来最大的季度增长，这进一步打压了市场情绪，这是由于与房地产需求弹性相关的抵押贷款以及信用卡余额的回升。在地缘政治方面，朝鲜劳动党的金与正驳回了李总统的和解姿态，并批评了韩美军事演习，强调了持续的安全风险，紧张局势仍在加剧。

The South Korean won depreciated to around 1,396 per dollar on Wednesday, extending losses for a second session as dollar strength persisted ahead of Powell’s Jackson Hole speech, with investors seeking clarity on the timing of US rate cuts. Domestically, sentiment was further weighed down by Bank of Korea data showing household credit climbing to a record KRW 1,952.8 trillion by end-June, the sharpest quarterly increase since 2021, driven by mortgage lending tied to resilient real estate demand, alongside a pickup in credit card balances. On the geopolitical front, tensions remained elevated after Kim Yo-jong of the Workers’ Party of Korea dismissed President Lee Jae-myung’s reconciliatory gestures and criticized South Korea–US military drills, underscoring persistent security risks.

周三，由于对人工智能泡沫的担忧以及美联储杰克逊霍尔会议前的不确定性，基准韩国综合股价指数下跌1.4%，至3106点左右，处于数周来的最低点。OpenAI首席执行官Sam Altman警告称，人工智能的估值可能类似于20世纪90年代末的互联网泡沫，当时互联网和科技股在21世纪初暴跌之前飙升，抹去了数万亿的市值。鉴于韩国对半导体和人工智能相关产业的依赖，投资者感到不安，这引发了人们对三星电子和SK海力士等关键公司估值过高的担忧。一夜之间，纳斯达克指数下跌1.5%，因为全球交易员在美联储主席杰罗姆·鲍威尔发表讲话之前变得谨慎，预计鲍威尔将概述央行在通胀和增长风险挥之不去的情况下的政策立场。在国内，SK海力士（-3%）、斗山能源（-8.4%）、韩华海洋（-2.6%）、Naver（-2%）和Kakao（-3.4%）领跌，突显出市场对人工智能情绪变化的敏感性。

The benchmark KOSPI fell 1.4% to around 3,106 on Wednesday, trading at its weakest in several weeks amid concerns over an AI bubble and uncertainty ahead of the Federal Reserve’s Jackson Hole meeting. OpenAI CEO Sam Altman warned that AI valuations could resemble the late-1990s dot-com bubble, when internet and tech stocks soared before collapsing in the early 2000s, erasing trillions in market value. This unsettled investors given South Korea’s reliance on semiconductor and AI-related industries, raising fears of overvaluation in key firms such as Samsung Electronics and SK Hynix. Overnight, the Nasdaq tumbled 1.5% as global traders turned cautious before Fed Chair Jerome Powell’s speech, which is expected to outline the central bank's policy stance amid lingering inflation and growth risks. Domestically, declines were led by SK Hynix (-3%), Doosan Enerbility (-8.4%), Hanwha Ocean (-2.6%), Naver (-2%), and Kakao (-3.4%), underscoring the market's sensitivity to shifts in AI sentiment.

朝鲜金将韩国视为外交伙伴。据韩联社报道，朝鲜的金表示，韩国不能成为朝鲜的外交对手。她说，韩国总统李明博无法扭转历史潮流。

North Korea's Kim Yo Jong dismisses South Korea as diplomatic partner.North Korea's Kim Yo Jong said South Korea cannot be a diplomatic counterpart to North Korea, according to Yonhap. She said South Korea's President Lee Jae Myung cannot turn the tide of history.

韩国10年期债券收益率升至2.86%左右，为四个月高点，焦点转向韩国央行下周的政策决定。7月，央行保持利率不变，平衡了家庭债务上升和经济逆风加剧带来的金融稳定风险。第一季度，家庭债务攀升至GDP的91%，债务收入比为186.5%，为全球第二高，而房地产市场仍然不平衡，尽管许多非首都城市面临下跌，但首都地区的价格仍在上涨。债务和住房脆弱性的激增支持进一步宽松政策。然而，提前公布的数据显示，第二季度经济在略有收缩后反弹，突显出可能限制进一步削减的弹性。与此同时，政府今年将支付超过30万亿韩元的债务利息，即使在韩国央行的宽松立场下，这也可能推高债券收益率。

South Korea’s 10-year bond yield rose to around 2.86%, a four-month high, as focus turned to the Bank of Korea’s policy decision next week. In July, the central bank kept rates unchanged, balancing financial stability risks from rising household debt against mounting economic headwinds. Household debt climbed to 91% of GDP in Q1, with a debt-to-income ratio of 186.5%, second highest globally, while the housing market remains uneven, with prices in the capital region rising even as many non-capital cities face declines. The surge in debt and housing vulnerabilities supports further easing. However, advance data showed the economy rebounded in Q2 after a slight contraction, highlighting resilience that may limit additional cuts. Meanwhile, the government is set to pay over 30 trillion won in debt interest this year, which could push bond yields higher even amid the BOK’s accommodative stance.