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Seoul shares up for 2nd day amid recession woes

Summary by The Korea Herald
Seoul shares ended higher for the second straight session Monday, as investors speculate the pace of the Federal Reserve's rate hikes could be slower than expected amid global recession woes. The local currency sharply rose against the US dollar. The Korea Composite Stock Price Index (KOSPI) rose 35.32 points, or 1.49 percent, to close at 2,401.92. On Friday, the KOSPI rebounded 2.3 percent to 2,366.60 after mar...

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The Korea Herald broke the news in Seoul, Korea, Republic of on Monday, June 27, 2022.
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