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Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and s. ....
Korean stocks slipped back into negative territory again Wednesday, as investors took to the sidelines ahead of a widely expected sharp rate hike by the Federal Reserve. The Korean won fell against the dollar. ....
Korean stocks dipped by more than 1 percent on Monday to extend their losing streak to a fourth day as market sentiment was dampened by the prospect of another sharp rate hike this week by the U.S. Fed. ....
Korean stocks opened marginally higher Thursday, after the previous day s steep fall on fears over more rounds of aggressive rate hikes by the U.S. Federal Reserve following the strong U.S. inflation data. ....
The Korean currency on Wednesday tumbled below the 1,390-won mark against the greenback for the first time in over 13 years as the higher-than-expected inflation data in the United. ....