South Korea Raises Key Rate to 3%, Preferred Shares Fall Sharply on Aug 27
According to Korea Exchange, preferred shares of Samsung Electronics and Hyundai Motor fell more sharply than common shares following South Korea's central bank rate hike on August 27. The Bank of Korea raised its benchmark rate to 3.0% from 2.75%, reducing the appeal of dividend-paying stocks as
Samsung Electronics+4.10%
Hyundai Motor+1.84%
GateNews·08-30 21:07
