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(LEAD) Seoul shares close lower ahead of U.S. jobs data https://t.co/xBYaMWVPtS
(LEAD) BOK chief says time to consider rate cut as inflation cools https://t.co/GWFUdOIZWh
The timing to consider an interest-rate cut has arrived as inflation cools, even though issues pertaining to financial stability also still need to be considered, Bank of Korea Governor Rhee Chang-yong says https://t.co/DS7Ypv7f8W
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.
