SEOUL, Nov. 24 (Yonhap) — Seoul shares turned lower late Friday morning, with no major guidance in the markets due to the Thanksgiving holiday in the United States. The benchmark Korea Composite Stock Price Index (KOSPI) had fallen 7.3 points, or 0.3 percent, to 2,507.66 as of 11:20 a.m. Market participants expect the Federal Reserve is near the end of its hiking cycle and rate cuts are likely in 2024. But the latest Fed minutes said officials have no intention to ease the monetary policy. Institutions and foreigners sold a combined 61 billion won (US$47 million) worth of stocks, offsetting individuals’ stock selling valued at 57 billion won. In Seoul, large-cap stocks were mixed. Market bellwether Samsung Electronics fell 0.4…
Published Date: 2023-11-24
Source: Yonhap News Agency
Categories: Business, Investing, Stocks and Bonds, Home, Personal Finance, Technology
