South Korean Shares Close Lower; HD Hyundai Slides 5%
Tuesday, April 16, 2024       15:47 WIB

April 16, 2024 at 04:11 am EDT
(MT Newswires) -- South Korean shares closed lower on Tuesday after hotter-than-expected US retail sales data dimmed prospects of early interest rate cuts by the Federal Reserve.
The Korea Composite Stock Price Index, or Kospi, shed 60.8 points, or 2.8%, to finish at 2,609.63. The Kosdaq was down by 19.61 points, or 2.30%, to 832.81.
In corporate news, shares of HD Hyundai (KRX:267250) were down over 5% even after it signed an agreement with Palantir Technologies to partner and complete the development of a reconnaissance unmanned surface vessel (USV) by 2026.

Sumber : MT Newswires