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Seoul shares opened higher Monday as the US Federal Reserve is expected to await more evidence that inflation is under control before cutting rates this year. The benchmark Korea Composite Stock Price Index rose 8.11 points, or 0.3 percent, to 2,754.74 in the first 15 minutes of trading. Fresh inflation data released Friday was in line with the US central bank's expectations. Fed Chair Jerome Powell said it woul.
Round-up of South Korean
financial markets: South Korean shares rose on Monday as U.S. inflation data
reaffirmed bets of Federal Reserve rate cuts this year, while
data from China.
Round-up of South Korean
financial markets: South Korean shares rose on Monday as U.S. inflation data
reaffirmed bets that the Federal Reserve will ease policy.
Round-up of South Korean
financial markets: South Korean shares were flat on Friday, ahead of U.S.
inflation data due later in the day, and were set to post a
second.