Seoul shares ended lower for a third straight day Friday, after robust employment data weighed on expectations for an early rate cut by the Federal Reserve this year. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 8.94 points, or 0.35 percent, to close at 2,578.08. The Kospi has fallen 2.9 percent this week. Trade volume was moderate at 514.78 million shares worth 8.27.
South Korean stocks opened marginally higher Friday as investor sentiment was buoyed by moderate US consumer price data. The benchmark Korea Composite Stock Price Index rose 12.23 points, or 0.47 percent, to 2,613.79 in the first 15 minutes of trading. The US July consumer price index rose 3.2 percent, slower than the market expectation of a 3.3 percent rise. On Wall Street, stocks finished slightly higher, with the .
By Kwanwoo Jun Hotel Shilla's shares rose sharply Thursday, leading a rally in South Korean tourism stocks after China eased restrictions on group travel to.
Indian Morning Briefing: Asian Markets Mixed at Start of the Week morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Indian Morning Briefing: Asian Markets Mixed morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.