Seoul Stock Exchange Gains as Declining Oil Prices Lift Markets
South Korean equities closed higher as falling global oil prices reduced cost pressures for import-dependent industries. Market momentum was further supported by positive overnight trading trends in United States financial markets.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Low (19/100)Sources
Seoul shares end higher on easing oil prices
Seoul shares closed higher Thursday, driven by easing oil prices after US President Donald Trump played down the prospect of a prolonged conflict with Iran. The Korean won rose against the US dollar. After opening 1.33 percent higher, the benchmark Korea Composite Stock Price Index rose 16.76 points, or 0.26 percent, to end at 6,579.48. The rebound came after the main index plunged 3.99 percent in the previous session amid concerns about tensions in the Middle East and the possibility of further
By The Korea Herald
Read full article →(2nd LD) Seoul shares end higher on easing oil prices
SEOUL, Sept. 3 (Yonhap) -- Seoul shares closed higher Thursday, driven by easing...
By Choi Kyong-ae
Read full article →Coverage Timeline
Related Stories
Volkswagen Approves Major Restructuring Plan Targeting 100,000 Jobs
30m ago
Trump Administration Seeks Supreme Court Approval for Mail Ballot Restrictions
1h ago
New US-Venezuela Oil Agreement Draws Sharp Criticism and Economic Skepticism
1h ago
Crusoe Secures $3 Billion Funding and Lands $13 Billion Cloud Deal
1h ago