August 2, 2024

Seoul stocks open sharply lower on U.S. losses amid slowdown woes

Seoul shares opened sharply lower Friday, tracking overnight losses on Wall Street, as disappointing U.S. economic data raised concerns over an economic slowdown despite the Fed’s rate-cut signals.

The benchmark Korea Composite Stock Price Index fel…

(LEAD) S. Korea’s consumer prices rise 2.6 pct in July

South Korea’s inflation picked up pace in July on high prices of fruits and petroleum products, though it stayed below 3 percent for the fourth consecutive month, data showed Friday.

Consumer prices, a key gauge of inflation, rose 2.6 percent on-yea…