S. Korea's foreign currency savings up US$1 bln

Submitted by YONHAP on

SEOUL, Oct. 10 (Yonhap) -- South Korean residents' foreign currency deposits rose by US$1.04 billion on-month in September as local exporters increased savings, the central bank said Friday.

Seoul shares tumble on heavy Wall Street losses

Submitted by YONHAP on

SEOUL, Oct. 10 (Yonhap) -- South Korean stocks tumbled Friday on concerns that global moves to cut rates would not be enough to ward off a global economic recession, analysts said.

X