South Korea: Stocks jump on expectations of deeper Fed rate cut

South Korean shares jumped about 1.5 per cent on Friday as dovish comments from a top Federal Reserve official fuelled expectations of a sharp U.S. rate cut later this month, while escalating tensions between Seoul and Tokyo had a limited impact.[SEOUL] South Korean shares jumped about 1.5 per cent on Friday as dovish comments from a top Federal Reserve official fuelled expectations of a sharp U.S. rate cut later this month, while escalating tensions between Seoul and Tokyo had a limited impact.

The Seoul stock market's main KOSPI index closed 27.80 points, or 1.35 per cent higher at 2,094.35 points, posting its biggest daily percentage gain since late April.The KOSPI has risen 2.61 per cent so far this year, but lost 0.1 per cent in the previous 30 trading sessions.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

South Korea: Stocks fall as investors shrug off rate cut[SEOUL] South Korean shares ended lower on Thursday, as the central bank's surprise rate cut underscored growth worries amid a prolonged trade conflict between the United States and China, and Japan's export curbs. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »