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Won-dollar exchange rate surpasses 1,320 level for first time in more than 13 years koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Stock investors are advised to increase cash and other safer assets such as gold and dividend stocks in their asset portfolios, as growing fears of a recession will keep posing a risk to the benchmark KOSPI, analysts said. The main bourse has been on a sharp decline, falling to around 2,300 points for the past month. It closed at 2,292.01 Wednesday, down 49.77 points from the previous day. However, market analysts predicted Korean stocks might tumble further, at least until the end of this year. ....