Seoul Shares Close Down 0.61% Amid Rate Cut Speculation As Inflation Cools

Seoul shares experienced fluctuations, opening up 0.08% on September 3 before closing down 0.61%. This movement occurred amidst comments from Bank of Korea Governor Rhee Chang-yong, who indicated that cooling inflation might allow for the consideration of interest-rate cuts, although financial stability remains a concern. South Korea’s composite index also rose 0.1%, led by companies such as Samsung Biologics and Hyundai Motor. The decline in Seoul shares came ahead of the release of U.S. jobs data.