South Korea set to post largest GDP contraction since 2008: Reuters poll [Reuters]
Shinhan Financial Group Co Ltd American Depositary Shares (SHG)
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Source: Reuters
South Korea set to post largest GDP contraction since 2008: Reuters poll SEOUL (Reuters) - South Korea’s economy likely shrank at its sharpest pace since 2008 in the first quarter as the coronavirus health crisis ravaged business activity and global demand, a Reuters poll showed on Tuesday. Gross domestic product (GDP) for the January-March period is expected to have contracted a seasonally adjusted 1.5% from the previous quarter, when it grew 1.3%, the median forecast from the survey of 10 economists showed. This would be the worst contraction since a 3.3% drop in the final quarter of 2008, and the first since the Sino-U.S. trade war hit growth in the first quarter of 2019. “The South Korean economy should have contracted sharply in the first quarter due to both supply and demand-side shocks caused by the COVID-19 outbreak,” DBS economist Ma Tieying said. “This is evidenced by the sharp decline in industrial production, retail sales and consumer confidence.” Despite plateauing infect
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News
- Shinhan Financial Group files its FY2023 Form 20-F to the SECPR Newswire
- EQT AB (publ) Q1 Announcement 2024 [Yahoo! Finance]Yahoo! Finance
- Shinhan Financial Group Co., Ltd. (NYSE: SHG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Rupee Drops to Record Low as Dollar Strength Weighs on Sentiment [BNN Bloomberg (Canada)]BNN Bloomberg
- Is Shinhan Financial Group Co (SHG) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
SHG
Sec Filings
- 4/19/24 - Form 6-K
- 4/18/24 - Form 20-F
- 4/18/24 - Form 6-K
- SHG's page on the SEC website