Seoul shares start sharply higher on hopes for US rate cut
South Korean stocks got off to a strong start Thursday on hopes for the US Federal Reserve's possible rate cut after slower-than-expected inflation in the world's largest economy. The benchmark Korea Composite Stock Price Index gained 35.69 points, or 1.31 percent, to 2,766.03 in the first 15 minutes of trading. Overnight, the US stock market closed at record highs, with the Dow Jones Industrial Average rising 0.88 percent and the tech-heavy Nasdaq composite jumping 1.4 percent. The la
May 16, 2024