BUSINESSFINANCIAL TIMES WORLD
South Korea stocks slump after first rate rise in 3 years
South Korea stocks declined following the Bank of Korea's first rate increase in three years under Shin Hyun-song. The move addresses concerns about the weakening won and the country's dependence on energy imports.
Mentioned
Related Signal
Adjacent reporting
- South Korea’s central bank hikes rate for 1st time since 2023 to curb inflation, debt
- Bank of Korea raises rates to 2.75% in first hike in over three years
- Bitcoin steadies at $62,600 as South Koreans flee stocks rout for crypto
- US stocks waver after Fed officials indicate an increase to rates is possible this year
- Korea Plans Measures on Leveraged ETFs Driving Wild Volatility