South Korean shares dropped to a four-week intraday low early on Thursday as foreign investors dumped stocks amid uncertainties concerning the US Federal Reserve's next policy decision.
The Korea Composite Stock Price Index (KOSPI) was down 0.4 per cent at 2,026.29 as of 0230 GMT. The index fell to a low of 2016.47, its lowest since Aug 5, 2016.
The South Korean won edged down and was quoted at 1,118.1, down about 0.3 per cent from Wednesday's close of 1,114.8.
"The possibility of the Fed's rate hike in September will remain quite low unless US August employment data turns out to be unexpectedly strong," said Cho Byung-hyun, a stock analyst at Yuanta Securities.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
The Korea Composite Stock Price Index (KOSPI) was down 0.4 per cent at 2,026.29 as of 0230 GMT. The index fell to a low of 2016.47, its lowest since Aug 5, 2016.
The South Korean won edged down and was quoted at 1,118.1, down about 0.3 per cent from Wednesday's close of 1,114.8.
"The possibility of the Fed's rate hike in September will remain quite low unless US August employment data turns out to be unexpectedly strong," said Cho Byung-hyun, a stock analyst at Yuanta Securities.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment