{"id":64276,"date":"2026-07-05T23:38:16","date_gmt":"2026-07-06T03:38:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/asian-markets-mixed-as-goldman-slashes-yen-forecast-and-south-korean-outflows-persist\/64276\/"},"modified":"2026-07-05T23:38:16","modified_gmt":"2026-07-06T03:38:16","slug":"asian-markets-mixed-as-goldman-slashes-yen-forecast-and-south-korean-outflows-persist","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/asian-markets-mixed-as-goldman-slashes-yen-forecast-and-south-korean-outflows-persist\/64276\/","title":{"rendered":"Asian Markets Mixed as Goldman Slashes Yen Forecast and South Korean Outflows Persist"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Goldman Sachs slashed its Japanese yen forecast to 165 per dollar<\/strong>, citing widening interest rate differentials and persistent fiscal pressures in Japan.<\/li>\n<li><strong>South Korea&#39;s KOSPI briefly fell below the 8,000 level<\/strong> on Monday morning as foreign and institutional investors offloaded shares, despite strong retail &quot;ant&quot; buying.<\/li>\n<li><strong>Standard Chartered (<a href=\"\/stock\/STAN\">STAN<\/a>) partnered with BlackRock (<a href=\"\/stock\/BLK\">BLK<\/a>)<\/strong> to launch the Signature Select APAC Allocation Plus fund, targeting high-net-worth exposure to Asia-Pacific markets.<\/li>\n<li><strong>Asian technology stocks faced renewed volatility<\/strong> as the AI-driven recovery slowed and crude <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> declined, adding to regional sentiment uncertainty.<\/li>\n<li><strong>A trucking startup challenging Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>) is reportedly facing a crisis<\/strong>, with the Wall Street Journal reporting missing paychecks and a missing vehicle.<\/li>\n<\/ul>\n<h2>Goldman Sachs Bearish on Yen, Favors Carry Trades<\/h2>\n<p>Goldman Sachs has significantly adjusted its currency outlook, cutting its <strong>one-year USD\/JPY forecast to 165 from 155<\/strong>. The bank&#39;s analysts noted that while the yen appears deeply undervalued, any official intervention by Japan&#39;s Ministry of Finance would likely provide only <em>temporary relief<\/em> against structural depreciation drivers.<\/p>\n<p>The firm continues to favor the yen as a <strong>funding currency for carry trades<\/strong>, where investors borrow at low Japanese rates to invest in higher-yielding assets. Hedge fund short positioning on the yen recently hit its <strong>highest level since 2017<\/strong>, reflecting a market-implied probability of <strong>72%<\/strong> that the currency will hit the 165 mark by mid-2027.<\/p>\n<h2>South Korean Markets Face Institutional Pressure<\/h2>\n<p>The South Korean <strong>KOSPI (<a href=\"\/stock\/KS11\">KS11<\/a>)<\/strong> experienced a volatile Monday session, slipping toward the <strong>8,000 mark<\/strong> following significant outflows. Foreign investors have reportedly sold a record <strong>148.3 trillion won (approx. $89 billion)<\/strong> in South Korean equities during the first half of 2026, driven by portfolio rebalancing as the market&#39;s weight in global indices expanded.<\/p>\n<p>Heavyweights like <strong>Samsung Electronics (<a href=\"\/stock\/005930\">005930<\/a>)<\/strong> and <strong>SK Hynix (<a href=\"\/stock\/000660\">000660<\/a>)<\/strong> saw mixed performance as investors awaited preliminary second-quarter earnings. While retail &quot;ants&quot; have stepped in with nearly <strong>100 trillion won<\/strong> in net purchases to support the market, analysts warn that high leverage in retail ETFs could pose a <em>cliff-edge risk<\/em> if the technical correction deepens.<\/p>\n<h2>Standard Chartered Expands APAC Wealth Offerings<\/h2>\n<p><strong>Standard Chartered (<a href=\"\/stock\/STAN\">STAN<\/a>)<\/strong> announced the launch of its <strong>Signature Select APAC Allocation Plus fund<\/strong> on Monday. Developed in collaboration with <strong>BlackRock (<a href=\"\/stock\/BLK\">BLK<\/a>)<\/strong>, the fund is designed for high-net-worth clients seeking diversified exposure across Asia-Pacific asset classes through the bank&#39;s Variable Capital Company (VCC) platform.<\/p>\n<p>This launch follows a series of similar partnerships with firms like <strong>Pimco<\/strong> and <strong>Temasek-owned Seviora Capital<\/strong>. The bank aims to leverage <em>multi-asset capabilities<\/em> to help clients navigate the current environment of high equity-bond correlations and geopolitical volatility.<\/p>\n<h2>Tech Recovery Stalls Amid Energy Price Slump<\/h2>\n<p>Broader Asian markets traded with mixed results on Monday as the momentum for <strong>artificial intelligence and semiconductor stocks<\/strong> showed signs of fatigue. Sentiment was further dampened by a decline in <strong>crude oil prices<\/strong>, with Brent crude falling toward <strong>$77 per barrel<\/strong> as diplomatic discussions between the U.S. and Iran provided a &quot;good foundation&quot; for easing Middle East tensions.<\/p>\n<p>In the EV sector, a <strong>Wall Street Journal<\/strong> report highlighted mounting troubles for an unnamed trucking startup aiming to compete with <strong>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>)<\/strong>. The report detailed missing employee paychecks and the disappearance of a prototype truck, raising fresh concerns about the <em>viability of capital-intensive startups<\/em> in a high-interest-rate environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Goldman Sachs slashed its Japanese yen forecast to 165 per dollar, citing widening interest rate differentials and persistent 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