South Korea's KOSPI stock index stumbled on Thursday as foreigners sold off local stocks, marking the biggest amount since Oct 23, 2018, amid mounting tension between the United States and China.[SEOUL] South Korea's KOSPI stock index stumbled on Thursday as foreigners sold off local stocks, marking the biggest amount since Oct 23, 2018, amid mounting tension between the United States and China.The KOSPI has risen 1.31 per cent so far this year, and fell 3.
The won was quoted at 1,191.5 per dollar on the onshore settlement platform, 0.24 per cent lower than its previous close at 1,188.6, after it hit a fresh 28-month low. A senior South Korean finance ministry official told Reuters by phone that"authorities are closely watching the foreign exchange market" which is usually taken by dealers as a warning against one-way bets on the currency. Multiple FX dealers suspected the authorities were selling dollars to curb won's weakness.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Seoul: Stocks rise tracking Wall Street on trade optimism; won steady[SEOUL] South Korea's KOSPI stock index rose 9.46 points, or 0.45 per cent, to 2,091.30 on Wednesday, in line with Wall Street gains on trade optimism. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Seoul: Stocks sink as Trump hits China's Huawei with severe sanctions[SEOUL] South Korea's KOSPI stock index sagged on Thursday as US President Donald Trump escalated trade frictions with China, by imposing sanctions on Chinese telecommunications giant Huawei. Meanwhile, the Korean won and the benchmark bond yield fell. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
N. Korea says weapons drill was defensive, criticizes SeoulSEOUL, South Korea (AP) — North Korea on Thursday described its firing of rocket artillery and an apparent short-range ballistic missile over the weekend as a regular and defensive military exercise and ridiculed South Korea for criticizing the launches.
Source: YahooSG - 🏆 3. / 71 Read more »
Man behind fintech hub Lattice80 locked in legal disputes in Seoul, SingaporeTHE MAN behind Marvelstone Group - which calls itself a fintech group - is being sued in his home country of South Korea for allegedly failing to pay contractually promised returns to investors. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Man behind fintech hub Lattice80 locked in legal disputes in Seoul, SingaporeTHE MAN behind Marvelstone Group - which calls itself a fintech group - is being sued in his home country of South Korea for allegedly failing to pay contractually promised returns to investors. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
In downtown Seoul, humble temple food given a makeover and a Michelin starChef Kim Ji Young of Balwoo Gongyang is grateful for the attention that the cuisine – which aims to nourish the body and mind – has received.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
South Korean court to rule on K-pop star Seungri's arrestSEOUL: South Korean pop star Seungri arrived at court Tuesday (May 14) to await a decision on whether he should be arrested over charges including ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Trump to meet with South Korean leader in late JuneWASHINGTON: US President Donald Trump will meet with South Korean President Moon Jae-in in Seoul as part of his trip to the region in late June ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Football: China to host 2023 Asian Cup after Korea withdraw bidSEOUL: South Korea have abandoned their bid to stage football's Asian Cup in 2023, authorities said, leaving the sole other bidders China with a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
N. Korea fires 2 suspected missiles in possible new warningSEOUL, South Korea (AP) — North Korea fired two suspected short-range missiles toward the sea on Thursday, South Korean officials said, its second weapons launch in five days and a possible warning that nuclear disarmament talks with Washington could be in danger.
Source: YahooSG - 🏆 3. / 71 Read more »
Singapore stocks turn negative after Trump tariff hike: STI down 0.05%SINGAPORE stocks resumed trading on Friday afternoon in negative territory, with the Straits Times Index down 0.05 per cent or 1.71 points to 3,267.99, on the day as at 1.01pm. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »