Asian markets are mostly lower, but South Korean stocks gain ground [CNBC]
Churchill Capital Corp V Class A (CCV)
US:NYSE Investor Relations:
cmcsa.com/investors
Company Research
Source: CNBC
Most Asian markets were marginally lower on Thursday after the Federal Reserve raised interest rates for the third time this year, though South Korea shares were higher. The Nikkei 225 erased early gains to slide 0.46 percent. Automakers were mostly lower, as were most blue-chip tech names. Energy-related names were mixed. Across the Korean Strait, the Kospi surged 1.21 percent, with tech blue-chips and so-called THAAD-related stocks contributing to gains. Those stocks include retailers and consumer names that tend to get hit when tensions flare up between China and South Korea over Seoul's deployment of the THAAD missile defense system. Lotte Shopping extended overnight gains to climb 1 percent, and LG Household jumped 2.62 percent. Those moves came as South Korean President Moon Jae-in continued with his four-day visit to China. Business executives from major Korean corporations, including Hyundai and LG, are also taking part in the bilateral meeting.
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