August 13, 2024

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Money supply rises in June amid restrictive policy: BOK

South Korea’s money supply increased in June from a month earlier amid an extended tightening policy mode, central bank data showed Tuesday.

The country’s M2, a key gauge of the money supply, stood at 4,037.6 trillion won (US$2.944 trillion) in June…

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Seoul shares up for 3rd day ahead of key U.S. data

South Korean stocks ended slightly higher Tuesday as investors remained cautious ahead of the releases of major U.S. data later this week to gauge the Federal Reserve’s monetary policy direction. The local currency gained ground against the U.S. doll…