Seoul stocks, Korean won in tailspin amid growing recession fears
MarketsSept 26, 2022
Seoul stocks dropped to the lowest level in over two years and the Korean won also continued to tumble Monday amid growing fears of a global economic recession caused by combative monetary tightening in major economies. The benchmark Korea Composite Stock Price Index (KOSPI) fell by 69.06 points, or 3.02 percent, to end at 2,220.94, the lowest since July 27, 2020. The market slid for a fourth co...