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South Korea stocks slump after first rate rise in three years

Covered by 2 sources · 2 articles

2 outlets - including Coinotag and Cryptobriefing - are covering this story. Crypto News South Korea's central bank raised its benchmark interest rate by 25 basis points to 2.75% on Thursday, its first hike since January 2023 and a move that ripples straight into risk asset...

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Bitcoin Steadies at $65K After Korea's First Rate Hike in Three Years
CoinOtag Jul 16, 04:40 UTC

Bitcoin Steadies at $65K After Korea's First Rate Hike in Three Years

Crypto News South Korea's central bank raised its benchmark interest rate by 25 basis points to 2.75% on Thursday, its first hike since January 2023 and a move that ripples straight into risk asset...

South Korea stocks slump after first rate rise in three years
Crypto Briefing News Jul 16, 01:54 UTC

South Korea stocks slump after first rate rise in three years

The rate hike signals tighter financial conditions, potentially impacting consumer spending and corporate earnings amid inflation concerns.