World News

S.Korea won rebounds sharply; shares flat as BOK holds rate










By Yeawon Choi SEOUL, Aug 13 (Reuters) - The South Korean won rose against the dollar on Thursday as traders bet that global market mayhem sparked by China's devaluation of the yuan would convince the U.S. Federal Reserve to wait longer before starting to raise interest rates. Market reaction was largely muted after the Bank of Korea kept its policy interest rate steady at a record low of 1.50 percent earlier in the day, which had been expected. China's yuan weakened per dollar f

Читайте на сайте