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Seoul shares down for 3rd day on dampened hopes for Fed's early rate cuts

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. ....

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Seoul shares start higher on moderate US inflation

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 . ....

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