August 2, 2024

(LEAD) Seoul shares crash to 2-month low on U.S. slowdown fears

Seoul shares tumbled by more than 3.5 percent on Friday as data fueled concerns over the U.S. economy despite the Federal Reserve’s rate-cut signals. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI…

Seoul shares dip 3 pct late Fri. morning amid U.S. slowdown woes

Seoul shares extended losses late Friday morning as disappointing U.S. economic data sparked fears of an economic slowdown despite the Federal Reserve’s rate-cut signals.

The benchmark Korea Composite Stock Price Index had fallen 83.45 points, or 3 …