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What MSCI’s assessment means for S. Korea’s equity market

The Star LogoThe Star1w ago

What MSCI’s assessment means for S. Korea’s equity market - The Star

Quick Summary:

South Korea again failed to obtain the reclassification of its stock market as a developed market by global index provider MSCI after the country reimposed a full ban on stock short selling, which overshadowed positive assessment among foreign investors of the country’s efforts to lower the barrier for access to financial markets here.

The result of the appeals court ruling in the lawsuit has already started to affect stock prices of the group’s core companies on the expectation that the chairman may have to sell some of the stakes that he or his family members hold to fulfil the ruling.

In fact, stock prices in South Korea have lagged behind US-listed stocks in recent weeks despite the government’s repeated promises to push ahead with the initiative.


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Article Details

Author / Journalist: YOO CHOON-SIK

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-26 @ 00:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 947 words

Reading Time: 6 minutes read

Sentences: 33 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 21388751

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 38 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 46 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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  • URL: https://beamstart.com/news/what-mscis-assessment-means-for-17193474273018

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