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Seoul stocks open higher on dovish Fed

South Korean stocks started higher Thursday, driven by the U.S. Federal Reserve’s rate-cut signals.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 18.65 points, or 0.67 percent, to 2,789.34 in the first 15 minutes of trading.

At its …

S. Korean Bond Yields on morning of Aug. 1, 2024

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

1-year TB 3.135 3.152 -1.7

2-year TB 3.035 3.086 -5.1

3-year TB 2.950 3.004 -5.4

10-year TB 3.004 3.064 -6.0

2-year MSB 3.018 3.067 -4.9

3-year CB (AA-) 3.413 3.459 -4.6

Source: Yonhap News Agency

Fire erupts from electric vehicle after explosion in Incheon

A electric vehicle caught fire at an underground parking lot in Incheon, just west of Seoul, for unknown reasons before firefighters got the flames under control nearly five hours later, officials said Thursday.

The blaze appears to have started at 6…

PM meets Thailand’s top diplomat in Seoul

Prime Minister Han Duck-soo met with Thailand’s Foreign Minister Maris Sangiampongsa in Seoul on Thursday and discussed bilateral relations and future cooperation, Han’s office said.

The meeting took place as the top Thai diplomat paid a courtesy cal…