South Korea: Stocks bounce back; Fed in focus

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[SEOUL] South Korean shares climbed on Tuesday recouping some of the previous day's sharp losses, but uncertainties remained high amid a worsening diplomatic and economic spat with Japan, ahead of the US Federal Reserve's policy meeting. Read more at The Business Times.

South Korean shares climbed on Tuesday recouping some of the previous day's sharp losses, but uncertainties remained high amid a worsening diplomatic and economic spat with Japan, ahead of the US Federal Reserve's policy meeting.[SEOUL] South Korean shares climbed on Tuesday recouping some of the previous day's sharp losses, but uncertainties remained high amid a worsening diplomatic and economic spat with Japan, ahead of the US Federal Reserve's policy meeting.

Uncertainty has persisted over the relationship with Japan, said Cho Byung-hyun, an analyst at Yuanta Securities Korea, noting that eyes will now be on developments from the Asean Regional Forum . Amid a deepening row between neighbours, South Korea's underwear makers surged as South Korean boycott of Japanese clothing brands intensified, making the textile sub-index the biggest percentage gainer among KOSPI sub-indexes with a 2.5% rise.

 

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