Seoul shares spike by most in 19 months on hope for less aggressive Fed rate hike

SEOUL– South Korean stocks posted the largest daily gain in 19 months as weaker-than-expected inflation in the United States raised hopes for less aggressive monetary tightening by the Federal Reserve.   The Korean won also surged against the U.S. dollar.   The benchmark Korea Composite Stock Price Index (KOSPI) jumped 80.93 points, or 3.37 percent, […]

Continue Reading