South Korea's stock market falls 1.04% amid strong US employment data and rising oil prices.

South Korea's stock market, KOSPI, dropped 1.04% on Monday to 2,489.56, following a 0.24% fall on Friday. The decline is partly due to strong US employment data, raising doubts about further Federal Reserve rate cuts. Tech giants like Samsung Electronics and SK Hynix saw significant drops, while some bio shares had mixed performances. Meanwhile, oil prices rose 3.6% to $76.57 a barrel due to new sanctions on Russian oil exports.

2 months ago
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