Wed, Aug 07, 2024
Seoul shares extended their gains on Wednesday, with the KOSPI Index rising 2.42% led by Samsung Electronics. This recovery follows a previous selloff driven by US recession fears. Despite global market jitters, key stocks like SK Hynix and Hyundai Motor also advanced. The won traded at 1,376.40 against the US dollar, while experts suggest US recession concerns may be overstated
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Wed, May 10, 2017
Rising U.S. yields propped up the dollar to its strongest level against the Japanese yen in two months at 114.32 in the previous session but it gave back some of those gains after Trump fired FBI Director Comey in a move that shocked Washington.
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