South Korean stocks opened higher Thursday as U.S. Federal Reserve Chair Jerome Powell hinted that the rate cut is likely “at some point this year.”
The benchmark Korea Composite Stock Price Index added 9.77 points, or 0.37 percent, to 2,651.26
Today (%) Previous Session(%) Change (BP)
1-year TB 3.442 3.447 -0.5
2-year TB 3.420 3.420 0.0
3-year TB 3.321 3.325 -0.4
10-year TB 3.399 3.381 +1.8
2-year MSB 3.384 3.381 +0.3
3-year CB (AA-) 3.959 3.962 -0.3
91-day CD 3.680
South Korean stocks closed slightly higher Thursday after U.S. Fed Chairman Jerome Powell hinted at a possible rate cut this year, while acknowledging economic uncertainties still remain. The local currency gained against the U.S. dollar.
The benchma…
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During
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