July 31, 2024

Seoul shares extend gains late Wed. morning amid rate cut hopes

Seoul shares slightly extended gains late Wednesday morning as investors await the U.S. Federal Reserve’s policy decision amid expectations that a rate cutting cycle may begin in the near future.

The benchmark Korea Composite Stock Price Index (KOSP…

SK Ie Technology shifts to red in Q2

SK IE Technology Co. on Wednesday reported its second-quarter net loss of 48 billion won (US$34.8 million), swinging from a profit of 37.1 billion won a year earlier.

The company said in a regulatory filing that it posted an operating loss of 58.7 b…