Stocks finished nearly 1 percent up Thursday as hopes for a possible U.S. rate cut boosted investor sentiment here. The local currency sharply rose to an almost two-month high against the dollar.
The regional bank is the first in 32 years to be granted approval, bringing the number of commercial banks in Korea to seven.
Shares got off to a strong start Thursday on hopes for the U.S. Federal Reserve's possible rate cut after slower-than-expected inflation in the world's largest economy.
Hana Financial Group Chairman Ham Young-joo joined the Bye Bye Plastic Challenge, a social media campaign to reduce plastic consumption.
Shares ended slightly higher Tuesday as investors took a wait-and-see stance with U.S. inflation data expected to affect the U.S. Federal Reserve's rate-setting decision. The won dropped in value against the dollar.
Investors in Hong Kong-tied derivative products may recoup 30-65% of their losses after committee arbitration.
Shares opened almost flat Tuesday as investors awaited a key U.S. inflation report set to be released later this week.
Korea and Malaysia renewed a 5 trillion won ($3.7 billion) currency swap deal Monday, a move aimed at offering liquidity support to both countries’ financial markets in times of crisis.
Stocks opened higher Monday while investors remained watchful over mixed signals for the U.S. Federal Reserve's future monetary policy.
The Kospi rose 15.49 points, or 0.57 percent, to close at 2,727.63 as a rise in U.S. unemployment claims point to cooling inflation.
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