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South Korean assets turn Asia's biggest losers on global recession angst

Business Standard LogoBusiness Standard2 mo ago

South Korean assets turn Asia's biggest losers on global recession angst - Business Standard

Quick Summary:

The Kospi index tumbled 3% to its lowest close in more than 2 years, leading declines in Asia.

On Monday, Governor Rhee Chang-yong said rates aren’t the only way to deal with a foreign-exchange crisis and Korea should encourage some of its overseas investments to return home.

In the bond market, three-year government yields surged 33 basis points to 4.46%, also affected by a tumble in global bonds.


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Article Details

Author / Journalist: Youkyung Lee and Jaehyun Eom | Bloomberg

Category: EconomyFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-26 @ 14:29:00 (2 months ago)

News Timezone: GMT +5:00

Ranking: #95 (out of 2888 stories this day)

News Source URL: business-standard.com

Language: English

Article Length: 584 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 547228

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About Business Standard

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Main Topics: EconomyFinance

Official Website: business-standard.com

Update Frequency: 141 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 1 weeks ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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