July 31, 2024

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Seoul shares open higher on rate cut hopes

Seoul shares opened higher Wednesday, following a mixed close on Wall Street, as investors expect the Federal Reserve may begin a rate cutting cycle later this year.

The benchmark Korea Composite Stock Price Index (KOSPI) added 5.20 points, or 0.19 …

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SK Bioscience remains in red in Q2

SK Bioscience Co. on Wednesday reported its second-quarter net loss of 11.4 billion won (US$8.3 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that it continued to post an operating loss of 19.9 bill…