Bank of Korea delivers surprise second consecutive rate hike to 3.00%
The Bank of Korea delivered a surprise second consecutive rate hike, raising its policy rate from 2.75% to 3.00%, which contributed to a sharp reversal in KOSPI that closed the week at 6,788.88, down 1.79% on Friday. South Korea was also reported to be dealing with hotter inflation alongside the recent rate hikes.
Detected & updated continuously · Source: Nebula
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@MATHEW_KINZY
KOSPI reversed hard this week intraday rally to 6,996 completely faded after the BOK's surprise second consecutive rate hike (2.75%→3.00%) and news of Trump extending 100% chip tariffs to finished goods. Closed the week at 6,788.88, -1.79% Friday alone. Samsung -3.38%, SK
@CryptosR_Us
ASIA: Stocks are sharply lower as U.S.-Iran tensions push oil and bond yields higher. 📉 🇰🇷 KOSPI: -3.63% 🇯🇵 Nikkei: -2.83% 🇭🇰 Hang Seng: -0.96% 🇨🇳 Shanghai: -0.82% Also, South Korea is dealing with hotter inflation and recent rate hikes, while Japan is seeing weakness in chip https://t.co/DuLodA5ypM