South Korea Raises Interest Rate to 3%, Preferred Shares Underperform Down 5% in 2 Days
According to Korea Exchange data, preferred shares significantly underperformed common shares on August 30 following the Bank of Korea's decision to raise its benchmark interest rate to 3.00% on August 27. Over the subsequent two trading days, Samsung Electronics' preferred stock fell 5.08%,
Samsung Electronics-7.56%
Hyundai Motor+3.52%
GateNews·08-30 08:38
