ANN/THE KOREA HERALD – Bank of Korea Governor Rhee Chang-yong during a visit to the United States (US) suggested the won-dollar exchange rate could stabilise if tensions in the Middle East subside. The exchange rate has been volatile lately due to high demand for the dollar, driven by expectations of aggressive monetary tightening by the […]
Seoul shares dip over 0.9 pct on concerns over value-up program, strong dollar; won at 17-month low – The Korea Times koreatimesus.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimesus.com Daily Mail and Mail on Sunday newspapers.
The landslide victory of the main opposition Democratic Party of Korea (DPK) in Wednesdays general elections is likely to dash many of the government s economic policy plans that require the National Assembly s approval for legislative revisions.
South Korean stocks ended lower Tuesday as investors grew more cautious ahead of parliamentary elections and the release of key US inflation data later this week. The Korean won fell against the US dollar. After starting higher, the benchmark Korea Composite Stock Price Index lost 12.49 points, or 0.46 percent, to close at 2,705.16. Trade volume was moderate at 458.4 million shares worth 9.48 trillion won ($6.99 bill.
Round-up of South Korean
financial markets: South Korean shares ended lower on Tuesday as investors
maintained a cautious stance and refrained from placing major
bets.