Seoul shares open lower on tech losses

South Korean stocks turned lower after starting a tad higher Thursday on tech losses after the downgrading of the U.S. credit rating.The benchmark Korea Composite Stock Price Index (KOSPI) fell 10.85 points, or 0.41 percent, to 2,605.62 in the first 1…

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Kakao Q2 net profit down 44.4 pct to 56.3 bln won

Kakao Corp. on Thursday reported its second-quarter net income of 56.3 billion won (US$43.3 million), down 44.4 percent from a year earlier.The company said in a regulatory filing that it posted 113.5 billion won in operating profit for the quarter, c…

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Hanoi’s seven-month CPI rises almost 1%

The consumer price index (CPI) of Hanoi went up 0.99% in the first seven months of 2023 compared to the same period last year, the municipal Statistics Office reported.During the period, eight of the 11 categories of goods and services saw price hikes…

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