August 12, 2024

(LEAD) Seoul shares spike over 1 pct on eased U.S. recession woes

South Korean stocks closed more than 1 percent higher Monday, recovering from last week’s rout as concerns over a U.S. economic recession eased. The local currency lost ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index …

(LEAD) Seoul shares spike over 1 pct on eased U.S. recession woes

South Korean stocks closed more than 1 percent higher Monday, recovering from last week’s rout as concerns over a U.S. economic recession eased. The local currency lost ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index …

S. Korea, Turkey extend currency swap deal

South Korea and Turkey have agreed to extend their currency swap deal by three years, the Bank of Korea (BOK) said Monday.

In 2021, the two countries signed their first three-year, 2.3 trillion-won (roughly US$2 billion) currency swap agreement in a…

S. Korea, Turkey extend currency swap deal

South Korea and Turkey have agreed to extend their currency swap deal by three years, the Bank of Korea (BOK) said Monday.

In 2021, the two countries signed their first three-year, 2.3 trillion-won (roughly US$2 billion) currency swap agreement in a…