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September 19, 2024

Peak energy consumption up 30 pct during Chuseok holiday

The peak electricity demand jumped 30 percent on-year during the Chuseok holiday, data showed Thursday, in the latest evidence that autumn heat has gripped the nation.

The country’s average maximum power demand reached 70.3

(LEAD) Seoul shares end higher after Fed’s rate cut

– Seoul shares ended higher Thursday as investors cheered the U.S. Federal Reserve’s first rate cut in more than four years. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock

Seoul shares extend losses, led by SK hynix

Seoul shares extended losses late Thursday morning on foreign selling, with SK hynix Inc. dropping after Morgan Stanley downgraded its rating on the chipmaker.

The benchmark Korea Composite Stock Price Index had fallen 0.54