September 3, 2024

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Seoul shares open higher on large cap gains

South Korean shares opened higher Tuesday, helped by large cap gains amid growing hopes for a U.S. rate cut.

The benchmark Korea Composite Stock Price Index (KOSPI) added 12.33 points, or 0.46 percent, to 2,693.33 in the first 15 minutes of trading….

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(LEAD) Consumer inflation slows to 41-month low in August

South Korea’s consumer prices slowed to the lowest level in nearly 3 1/2 years in August on easing prices of farm produce and global oil, data showed Tuesday.

Consumer prices, a key gauge of inflation, rose 2 percent on-year last month, compared wit…