Seoul shares close higher ahead of Fed chairman’s testimony

Seoul shares closed slightly higher Tuesday as investors awaited a congressional testimony by Federal Reserve Chairman Jerome Powell this week. The local currency gained against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI…

Bond traders expect BOK to freeze key rate this week

Almost all bond traders expected the Bank of Korea (BOK) to freeze its key rate this week for the 12th straight session, a survey showed Tuesday.

According to the survey of 100 bond traders, conducted by the Korea Financial Investment Association la…