Seoul stocks decline on weak US data and Fed uncertainty

jp.reuters.com (Japanese)

Seoul stocks fell for the first time in five sessions, influenced by disappointing US economic data and divided opinions among Federal Reserve officials regarding interest rates. Major companies like Samsung Electronics and SK Hynix saw significant drops, alongside LG Energy Solution and Hyundai Motor. The US ISM manufacturing PMI remained below 50 for the eighth consecutive month. Foreign investors sold a net 2.21 trillion won worth of stocks, the largest sell-off since August 2021. Sydney stocks also declined due to the Reserve Bank of Australia's cautious stance on further rate cuts.


With a significance score of 1.3, this news ranks in the top 40% of today's 31404 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Seoul stocks decline on weak US data and Fed uncertainty | News Minimalist