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South Korean shares drop 8%, trigger circuit breakers as won nears 1,500 per dollar

Buzz line1 month ago03 mins

* Risk-off sentiment heightens as Middle East war rages * Korean won weakens 1% against dollar * South Korea benchmark bond yield rises SEOUL, – Round-up of South Korean financial markets: ** South Korean shares slumped 8% on Monday to activate circuit breakers for a second time this month on an escalating Middle East conflict,…

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South Korean shares hit near 2-month high as chipmakers rally

Buzz line4 months ago03 mins

KOSPI rises, foreigners net buyers Korean won strengthens against dollar South Korea benchmark bond yield falls SEOUL, – Round-up of South Korean financial markets: ** South Korean shares rose on Monday to their highest levels in nearly two months, as chipmakers jumped on demand optimism. ** The benchmark KOSPI was up 65.37 points, or 1.58%,…

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