Dubai, May 9 (IANS) A South Korean government team continued its investigation Saturday into the cause of a fire aboard a cargo ship operated by Korean shipping firm HMM while it was stranded in the Strait of Hormuz, officials said.The HMM Namu, a Panama-flagged cargo ship operated by HMM, arrived at Drydocks World Dubai, the Middle East’s largest ship repair yard, early on Friday (local time) and has since been undergoing an inspection by a government investigation team, reports Yonhap news age…
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New Delhi, March 4 (IANS) Seoul shares plunged more than 12 per cent on Wednesday, closing below the 5,100-point mark, as mounting concerns over the economic fallout from the escalating Middle East conflict rattled investor sentiment. The Korean won also fell sharply against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) tumbled 698.37 points, or 12.06 per cent, to close at 5,093.54, extending losses from a 7.24 per cent drop in the previous session, reports Yonhap news ag…
Seoul, March 4 (IANS) Seoul shares extended losses late on Wednesday morning, falling more than 8 per cent, as escalating concerns over the economic fallout from the Middle East conflict continued to weigh on investor sentiment.After opening 3.44 per cent lower, the Korea Composite Stock Price Index (KOSPI) extended its losses, tumbling 468.98 points, or 8.1 per cent, to 5,322.93 as of 11:45 a.m., following a plunge of more than 7.24 percent the previous session.The Korea Exchange (KRX) triggere…