|Bid||27.37 x 0|
|Ask||27.40 x 0|
|Day's range||27.18 - 27.43|
|52-week range||22.98 - 30.39|
|Beta (3Y monthly)||1.30|
|PE ratio (TTM)||12.92|
|Earnings date||1 May 2019|
|Forward dividend & yield||1.60 (6.13%)|
|1y target est||28.83|
South Korea’s economy suffered its worst quarterly contraction since the global financial crisis as the export-driven economy felt the pinch from weakening growth in China, global trade tension and a downturn in the technology sector. The 0.3 per cent fall in economy follows growth of 1 per cent in the previous quarter, undershooting expectations that gross domestic product would increase 0.3 per cent, according to economists polled by Reuters. a $5.87bn supplementary budget to boost growth after the country’s unemployment rate hit a nine-year high in January.
The S&P/ASX 200 (Index:^AXJO) (ASX:XJO) index not only finished at an 11-year high today but it closed near the top of its intra-day trading range and on high volume. This party could continue for a while yet.
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BOK Governor Lee Ju-yeol said the gross domestic product was now expected to grow 2.5 percent and inflation to register 1.1 percent in 2019. Lee said BOK policy would remain accommodative, but he cited record household debt in reiterating that it was not yet time to consider a rate cut. Lee blamed weakening exports, particularly of semiconductors, and slowing business investment for the growth downgrade.
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