Seoul, July 26 (Yonhap) The Korean won’s real effective exchange rate fell to its lowest level in more than 17 years in June as the US dollar remained broadly strong, data showed on Sunday.According to the Bank for International Settlements (BIS), the won’s real effective exchange rate (REER) stood at 82.99 in June, down 1.75 points from the previous month.The June reading was the lowest since March 2009, when the REER stood at 79.31 in the aftermath of the global financial crisis, reports Yonha…
Latest South Korean Stocks News & Updates
Seoul, June 10 (IANS) South Korean stocks started sharply lower on Wednesday on news that the United States has launched new strikes on Iran and overnight tech losses on Wall Street.After opening 2.43 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) shed 125.98 points, or 1.56 percent, to 7,970.95 in the first 15 minutes of trading, reports Yonhap news agency.The U.S. has struck Iran in response to the shooting down of an American Apache helicopter in the Strait of Hormuz, …
Seoul, May 28 (IANS) South Korean stocks were trading more than 1 per cent lower late on Thursday as foreign investors unloaded local shares following a recent tech-led rally and news that the United States launched new strikes against Iran.The benchmark Korea Composite Stock Price Index (KOSPI) had fallen 84.32 points, or 1.02 percent, to 8,144.38 as of 11:20 a.m, reports Yonhap news agency.The index closed at a record high of 8,288.7 on Wednesday, extending its winning streak to the fourth con…