News Formal

Seoul: Stocks rise 1% on virus treatment hopes, drop in new cases

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

[SEOUL] South Korean shares rose just over 1 per cent on Monday, in line with Asian peers, as the US drug regulator's authorisation of the use of blood plasma from recovered patients as a Covid-19 treatment lifted sentiment, while new domestic cases slowed. Read more at The Business Times.

[SEOUL] South Korean shares rose just over 1 per cent on Monday, in line with Asian peers, as the US drug regulator's authorisation of the use of blood plasma from recovered patients as a Covid-19 treatment lifted sentiment, while new domestic cases slowed.The sub-index for pharmaceutical sector jumped 2.9 per cent, following the authorisation from the US Food & Drug Administration on Sunday.

South Korea reported 266 new infections on Monday, down from 397 on Sunday, bringing the national tally to 17,655 with 309 deaths. South Korea's central bank chief said the bank would maintain its accommodative monetary policy as a recent surge in infections will likely weaken the country's economic recovery. The bank will hold its monetary policy meeting on Thursday.BT is now on Telegram!

 

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 US

United States United States Latest News, United States United States Headlines

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

Stymied at home, South Korea's mom-and-pop investors charge into China tech stocksSOUTH Korean retail investors are stampeding into Chinese stocks in record numbers, ploughing hundreds of millions of dollars into a tech sector rush far removed from punishing taxes and regulations on investment at home. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »