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Fri, September 30, 2022 | 03:11

Seoul shares pare gains to close almost flat amid recession fears

Seoul stocks ended almost flat Thursday, shedding nearly all earlier gains amid woes that combative monetary tightening moves in major economies would lead to a global economic recession. The Korean won rose slightly against the U.S. dollar.

2022-09-29 16:15

Seoul shares open higher after rout amid recession fears

Seoul stocks opened higher tracking overnight Wall Street gains, after plunging to the lowest level in more than two years the previous session on growing recession fears.

2022-09-29 10:11

Gov't to resume operating $6.9 bil. fund aimed at stabilizing market

The Korean currency plunged below a 13-and-a-half-year low of 1,440 won per dollar at one point during Wednesday's trade, while the benchmark KOSPI closed under the 2,200 point level for the first time in more than two years. The won closed at 1,439.9 per dollar, depreciating by 18.4 won from Tuesday's close, after falling to as low as 1442.2 per dollar during intraday tradin...

Yi Whan-woo | 2022-09-28 16:44

Seoul stocks sink to over 2-year low on recession woes; Korean won at over 13-year trough

Seoul stocks dropped to the lowest level in more than two years and the Korean won tumbled to a 13-year low Wednesday on deepening concerns over a global recession in the wake of aggressive monetary tightening in major economies.

2022-09-28 16:21

Seoul shares open lower on recession woes

Korean stocks opened lower Wednesday, tracking overnight losses on Wall Street, amid lingering concerns over the impact of aggressive monetary tightening in major economies on growth momentum.

2022-09-28 10:23

Brokerages earn $16.5 mil. in short selling fees in H1: data

Brokerages in Korea raked in a combined 23.61 billion won ($16.5 million) in fees from handling stock short selling in the first half of this year, data showed Tuesday.

2022-09-27 10:14

Korean stocks, currency slide amid fears of inflation, recession

Korean stocks and the local currency fell sharply amid heightened fears of inflation and a recession following the U.S. Federal Reserve's third straight “giant step” rate hike of 75 basis points last week. The benchmark KOSPI closed at 2,220.94, Monday, down 3.02 percent from the previous session. The tech-heavy Kosdaq reported a bigger loss of 5.07 percent and failed to defe...

Lee Min-hyung | 2022-09-26 16:41

Won falls below 1,420 mark per US dollar for 1st time in over 13 years on global tightening

The Korean currency on Monday dipped below the 1,420 won mark against the U.S. dollar for the first time in more than 13 years during intraday trading amid the Federal Reserve's aggressive monetary tightening.

2022-09-26 10:02

Korea preparing 'several' measures to stabilize financial markets: finance minister

South Korea is preparing "several" steps to stabilize domestic financial markets that have been going through heightened volatility, including the won's sharp slide against the U.S. dollar, amid worries over global tightening and economic slowdown, Seoul's top financial and economic policymaker said Sunday.

2022-09-25 19:36

Seoul stocks crash to yearly low amid deepening recession fears

Korean stocks dropped to the lowest level this year on Friday on mounting fears that the Federal Reserve's aggressive rate hikes would further exacerbate a global recession. The local currency went up against the greenback.

2022-09-23 17:24

Korea vows steps to stabilize bond market over growing volatility

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