Seoul shares closed lower on Thursday, but pared some earlier losses in the afternoon after opening sharply lower in the wake of U.S. President Donald Trump’s aggressive “reciprocal” tariffs announcement overnight.
Korea faces high tariffs from the United States, with its lack of a sitting president complicating negotiations.
The price of Bitcoin is displayed the Bithumb Lounge in Seocho District, southern Seoul, on April 3, falling to 124.4 million won ($84,738).
Nearly half of all debt held by individuals and businesses are loans related to real estate, according to data from the Bank of Korea.
Foreign direct investment pledges to Korea fell 9.2 percent in the first quarter, partly on the base effect caused by last year's record and partly due to trade uncertainty.
Korea's foreign reserves grew on month in March, rebounding from the lowest level in nearly five years on a quarter-end effect and higher returns on assets denominated in overseas currencies, central bank data showed Thursday.
Seoul stocks opened sharply lower on Thursday in the wake of U.S. President Donald Trump’s aggressive “reciprocal tariffs" announcement.
The Kospi fell 15.53 points, or 0.62 percent, to close at 2,505.86 as investors await what U.S. President Donald Trump has been calling reciprocal tariffs.
Seoul shares opened lower Wednesday as investors remain watchful ahead of U.S. President Donald Trump's reciprocal tariff rollout.
Financial Supervisory Service (FSS) Governor Lee Bok-hyun said Wednesday that he has offered to step down from his position.
Korea JoongAng Daily Sitemap
