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(2nd LD) Seoul shares end higher despite hawkish Fed chief

Asia-Pacific 1 source 1 country 🔦 Under-reported 26m ago

The Seoul stock market closed higher on Monday, defying downward pressure typically associated with hawkish comments from the U.S. Federal Reserve chair. The gains were primarily driven by a rebound in the technology sector.

This market performance indicates a degree of resilience in South Korean equities despite broader concerns regarding the Federal Reserve's monetary policy stance. The session concluded with positive momentum for local investors.

In-depth summary · AI, neutral
Read the full story at the source Yonhap English (Seoul, South Korea) · KR
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