October 11, 2024

Seoul shares rise as BOK cuts key rate

South Korean stocks rose late Friday morning as the Bank of Korea (BOK) cut its key rate for the first time in more than three years.

The benchmark Korea Composite Stock Price Index had added 0.41 percent, or 10.61 points, to 2,609.77 as of 11:20 a….

S. Korean Bond Yields on Oct. 11, 2024

Today (%) Previous Session(%) Change (BP)

1-year TB 2.856 2.866 -1.0

2-year TB 2.971 2.982 -1.1

3-year TB 2.947 2.962 -1.5

10-year TB 3.085 3.088 -0.3

2-year MSB 2.944 2.957 -1.3

3-year CB (AA-) 3.523 3.542 -1.9

91-day CD 3.400 3.500 -10.0

S…

Seoul shares close tad lower despite BOK’s rate cut

Seoul shares ended slightly lower Friday on foreign sell-off despite the Bank of Korea’s (BOK) first rate cut in more than three years. The local currency rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 0.0…