August 1, 2024

(LEAD) Seoul shares up for 2nd day on Fed’s rate-cut signal

South Korean stocks increased for two straight sessions Thursday driven by the U.S. Federal Reserve’s strong signal for a rate cut next time. The local currency rose sharply against the U.S. dollar.

The benchmark Korea Composite Stock Price Index inc…

(LEAD) Seoul shares up for 2nd day on Fed’s rate-cut signal

South Korean stocks increased for two straight sessions Thursday driven by the U.S. Federal Reserve’s strong signal for a rate cut next time. The local currency rose sharply against the U.S. dollar.

The benchmark Korea Composite Stock Price Index inc…

Seoul stocks open higher on dovish Fed

South Korean stocks started higher Thursday, driven by the U.S. Federal Reserve’s rate-cut signals.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 18.65 points, or 0.67 percent, to 2,789.34 in the first 15 minutes of trading.

At its …

Seoul stocks open higher on dovish Fed

South Korean stocks started higher Thursday, driven by the U.S. Federal Reserve’s rate-cut signals.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 18.65 points, or 0.67 percent, to 2,789.34 in the first 15 minutes of trading.

At its …

Kia’s July sales gain slightly on overseas sales bump

Kia Corp., South Korea’s second-largest automaker by sales, said Thursday it saw a slight bump in sales last month thanks to an increase in exports.

Kia, the smaller affiliate of Hyundai Motor Co., sold 261,334 vehicles in July, up 0.9 percent from 2…

Kia’s July sales gain slightly on overseas sales bump

Kia Corp., South Korea’s second-largest automaker by sales, said Thursday it saw a slight bump in sales last month thanks to an increase in exports.

Kia, the smaller affiliate of Hyundai Motor Co., sold 261,334 vehicles in July, up 0.9 percent from 2…