August 7, 2024

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(LEAD) Lotte Shopping shifts to Q2 net loss on China losses

Lotte Shopping Co., an affiliate of retail giant Lotte Group, said Wednesday it shifted to a net loss in the second quarter due to liquidation losses involving its businesses in China.

Lotte Shopping swung to a net loss of 79.68 billion won (US$58 m…

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S. Korean Bond Yields on morning of Aug. 7, 2024

Today (%) Previous Session(%) Change (BP)

1-year TB 3.107 3.112 -0.5

2-year TB 3.068 3.050 +1.8

3-year TB 2.960 2.935 +2.5

10-year TB 3.010 2.993 +1.7

2-year MSB 3.010 2.999 +1.1

3-year CB (AA-) 3.418 3.398 +2.0

Source: Yonhap News Agency

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Seoul shares rebound for 2nd day on tech gains after global rout

Seoul shares ended higher for a second straight session Wednesday, helped by tech gains, as investors’ sentiment for risky assets improved following a global stock rout. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stoc…