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Seoul shares sink 2 5% on dimmed hope for Fed s rate cuts, China risk; won sharply down

South Korean stocks plunged nearly 2.5 percent Wednesday on dampened hopes that the Federal Reserve will start cutting its rates soon and uncertainties over the Chinese economy. The local currency sharply fell against the US dollar. The benchmark Korea Composite Stock Price Index dropped 61.69 points, or 2.47 percent, to 2,435.90. Trading volume was heavy at 950.6 million shares worth 11.01 trillion won ($8.2 billion.

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2024 IPO market faces strong outlook with big-name companies on deck

The initial public offering (IPO) market in Korea is forecast to be robust throughout 2024, as a spate of big-name firms estimated to be worth trillions of won in their respective market capitalization will go public.

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Discounted London Office Deals Show Split Between Best and Rest

Discounted London Office Deals Show Split Between Best and Rest
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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YG Entertainment stock price continues to fall following the agency s failure to secure contracts for BLACKPINK s individual activities

YG Entertainment continues to face a decline in stock price following the failure to renew contracts for individual activities with BLACKPINK members…

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S Korean shares fall over 2% amid lower bets of early US rate cuts

S Korean shares fall over 2% amid lower bets of early US rate cuts
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

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