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S Korean stocks end at over four-month low on taper, virus fears

S Korea reports more than 2,000 new COVID-19 cases, highest daily tally yet – Yonhap

S Korea reports more than 2,000 new COVID-19 cases, highest daily tally yet – Yonhap
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South Korea July inflation accelerates; staying at nine-year peak

South Korea July inflation accelerates; staying at nine-year peak SEOUL (Reuters) – South Korea’s consumer prices rose 2.6% in July from a year earlier, government data showed on Tuesday, accelerating from a 2.4% increase in June and beating a 2.4% increase tipped in a Reuters survey. That was also same as a 2.6% rise in May when it marked the fastest pace since April 2012, and continued to stay above 2% for a fourth straight month. Month-on-month inflation rose 0.2%, rebounding from June’s minus 0.1%, when it fell into negative territory for the first time in seven months. Meanwhile, core inflation rose 1.2% year-on-year, unchanged from June. (Reporting by Joori Roh; Editing by Kim Coghill)

South Korea July inflation accelerates; staying at nine-year peak - Netscape Money & Business

South Korea July inflation accelerates; staying at nine-year peak By Joori Roh Reuters SEOUL (Reuters) - South Korea s consumer inflation accelerated in July, staying at a nine-year peak marked in May, as hot weather conditions lifted prices of fresh food, while oil products and housing rental and other services costs continued rising. The consumer price index (CPI) last month rose 2.6% year-on-year, Statistics Korea data showed on Tuesday, accelerating from a 2.4% increase in June and beating a 2.4% increase tipped in a Reuters survey. That was also same as a 2.6% rise in May when it marked the fastest pace since April 2012, and continued to stay above the central bank s 2% target for a fourth straight month.

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