South Korean Shares Decline for Second Day Amid US Fed Rate Cut, Weak Domestic Currency
Market Chatter: Korean Won Hits 15-Year Low Against Greenback Following US Fed Rate Cut, Failed Martial Law Attempt
South Korea Reports Higher Producer Prices in November
South Korean Firms' Profits Plunge 23% in 2023 Amid Manufacturing Slowdown
The Federal Reserve's hawkish stance impacts the foreign exchange market, causing the Korean won to fall to a 15-year low.
Affected by the Federal Reserve's cautious attitude towards further interest rate cuts and domestic political uncertainties, the Korean won fell to its lowest level in 15 years on Thursday.
Market Chatter: Bank of Korea Chief Projects Slower-than-Expected Economic Growth in 2024, 2025 Amid Political Turmoil