Round-up of South Korean
financial markets: South Korean shares fell for a second straight session on
Wednesday, with automakers and financial stocks extending
losses.
.
Round-up of South Korean
financial markets: South Korean shares fell 1% on Tuesday, as investors
booked profits after a recent rally fuelled by optimism around
the.
Round-up of South Korean
financial markets: South Korean shares hit their highest in 20 months on
Monday, buoyed by continued foreign inflows. The won
strengthened,.
A longstanding Korean market adage that "when the cold wind blows, it's time to invest in bank stocks" appears to have lost its luster, as those shares have struggled due to a proposed windfall tax on local lenders' profits from high interest rates. The adage stems from the historical tendency for bank stocks to rise in the fourth quarter, coinciding with the distribution of year-end dividends. Th.