The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Asian shares track Wall Street higher, oil prices retreat
By ELAINE KURTENBACH BANGKOK©2024 GPlusMedia Inc.
1 Comment
Login to comment
Skeptical
South Korea is the biggest news here. Picturing the previously believed glacier-moving Bank of Korea delivering a surprise rate hike without having a governor in place! Raising its base rate by 25 bps to 1.50% (highest level since August 2019) seeking to curb surging inflation that is now double the bank's 2% target, and is acknowledged to stay for "some time to come." And previewing that their GDP growth projection already won't meet expectations.