July 30, 2024

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Seoul shares open lower ahead of Fed rate decision, earnings

Seoul shares opened lower Tuesday, following a mixed close on Wall Street, as investors await the Federal Reserve’s rate decision and earnings from major tech firms.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 19.99 points, or 0.72 …

General
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Hanwha Aerospace Q2 net profit down 46.6 pct to 159.9 bln won

Hanwha Aerospace Co. on Tuesday reported its second-quarter net profit of 159.9 billion won (US$115.5 million), down 46.6 percent from a year earlier.

The company said in a regulatory filing that operating profit for the April-June period rose 356.5…