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Illustration depicting South Korea's continued efforts for MSCI developed market status while remaining in emerging markets, featuring Seoul skyline and financial charts.
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South Korea remains in MSCI Emerging Markets, continues Developed Markets status push

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South Korea will continue its efforts to reach MSCI Developed Market status after the index provider kept the country in the Emerging Market category, the finance ministry said Wednesday.

Foreign portfolio investors sold shares valued at ₹64,761 crore in the first half of June, marking the highest monthly outflow since March. The selling was led by financial services and oil and gas sectors amid rising oil prices.

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Hong Kong Financial Secretary Paul Chan said Beijing’s investigation into three brokerages was driven by concerns over foreign exchange leakage and protecting retail investors.

Seoul stocks opened at a fresh record high on Thursday despite overnight Wall Street losses tied to Federal Reserve signals and Iran uncertainty. The benchmark KOSPI started at 8,884.92.

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Motilal Oswal Financial Services has started coverage of online travel companies Le Travenues Technology (Ixigo) and Yatra Online with buy ratings. The brokerage also reiterated its buy recommendation on TBO Tek.

Shares of Motilal Oswal Financial Services rose sharply on Friday after UBS started coverage with a buy rating and a target price of Rs 1,150. The move came on expectations of strong growth in assets under management and recurring revenue.

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Seoul stocks opened sharply higher on June 12 as investors reacted to U.S. President Donald Trump's statement that a great settlement had been reached with Iran.

 

 

 

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