Seoul: Stocks end at lowest in 10 weeks, won down
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SEOUL] South Korean shares finished at a 10-week low on Wednesday as upbeat US economic data revived market expectations that the Federal Reseve will raise interest rates this year.
The Korea Composite Stock Price Index (Kospi) closed down 0.6 per cent at 1,956.73 points.
The South Korean won slipped to the lowest level since mid-March of this year as the dollar perked up. The won was quoted at 1,182.6 to the dollar at the conclusion of onshore trade, down 0.8 per cent compared to Tuesday's close of 1,173.7.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
