July 10, 2024

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Seoul shares open lower as Powell withholds hints on rate cuts

Seoul shares opened lower Wednesday, as investors sat on the sidelines after Federal Reserve Chairman Jerome Powell fell short of offering more details on the path of the Fed’s rate policy.

The benchmark Korea Composite Stock Price Index (KOSPI) fel…

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tmadmin

(LEAD) Seoul shares close nearly flat ahead of U.S. inflation data

Seoul shares closed nearly flat Wednesday as investors sat on the sidelines ahead of the release of the latest U.S. inflation data that may give more clues on future rate directions. The local currency fell against the U.S. dollar.

The benchmark Kor…

General
tmadmin

U.S. special envoy for global youth issues to visit Busan this week

The U.S. special envoy for global youth issues will travel to Korea’s southeastern city of Busan this week to attend the first-ever trilateral youth leadership program involving people from South Korea, the United States and Japan, the State Departme…

General
tmadmin

Seoul shares close nearly flat ahead of U.S. inflation data

Seoul shares closed nearly flat Wednesday as investors sat on the sidelines ahead of the release of the latest U.S. inflation data that may give more clues on future rate directions. The local currency fell against the U.S. dollar.

The benchmark Kor…