South Korea: Stocks fall over 2% on reduced bets on steep US rate cuts

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

[SEOUL] South Korean shares fell over 2 per cent on Monday, the most in two months, as strong US jobs data tempered expectations of aggressive rate cuts by the Federal Reserve, and continued tensions between the world's two largest economies dampened investor sentiment. Read more at The Business Times.

South Korean shares fell over 2 per cent on Monday, the most in two months, as strong US jobs data tempered expectations of aggressive rate cuts by the Federal Reserve, and continued tensions between the world's two largest economies dampened investor sentiment.

The Seoul stock market's main KOSPI stock index closed down 46.42 points, or 2.20 per cent, at 2,064.17, hitting the lowest close since May 31.The KOSPI has risen 1.13 per cent so far this year, and gained 2.5 per cent in the previous 30 trading sessions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines