News Formal

South Korea: Stocks snap 4-day losing streak as US rate cut bets rise

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

[SEOUL] South Korean stocks snapped a four-session losing streak to end higher on Thursday, boosted by rising hopes of a rate cut by the US Federal Reserve, in a choppy session due to caution ahead of Samsung Electronic's second-quarter results. Read more at The Business Times.

South Korean stocks snapped a four-session losing streak to end higher on Thursday, boosted by rising hopes of a rate cut by the US Federal Reserve, in a choppy session due to caution ahead of Samsung Electronic's second-quarter results.[SEOUL] South Korean stocks snapped a four-session losing streak to end higher on Thursday, boosted by rising hopes of a rate cut by the US Federal Reserve, in a choppy session due to caution ahead of Samsung Electronic's second-quarter results.

The KOSPI benchmark index closed up 12.71 points, or 0.61 per cent, at 2,108.73, snapping a four-session losing streak. The KOSPI index closed higher tracking solid global markets, after Wall Street closed at record highs on expectations of a rate cut by the Fed, said Lee Young-gon, an analyst at Hana Financial Investment. South Korean market had been choppy on worries over Japan's export curbs and ahead of Samsung's second-quarter profit announcement, Lee added.

The KOSPI has risen 3.32 per cent so far this year, and gained 1.7 per cent in the previous 30 trading sessions.

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 NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong: Stocks rally on China-US trade talks renewal[HONG KONG] Hong Kong stocks finished with healthy gains Tuesday as investors welcomed the resumption of China-US trade talks and brushed off violent demonstrations that hit the city overnight. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US: Stocks dip after latest tariff proposal[NEW YORK] Wall Street stocks pulled back early Tuesday amid lingering trade uncertainty as the United States threatened to impose additional tariffs on European goods. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

European stocks guardedly optimistic on US-China trade sentimentLONDON: Equity investors gave a guarded welcome on Tuesday (Jul 2) to a resumption of US-China trade talks, but fretted over weaker global ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »