S.Korea stocks drop amid trade jitters, markets brace for Fed rate cut

Credit: REUTERS/Jo Yong hak

Round-up of South Korean financial markets: South Korean shares shed 1.5% on Monday, as investors wore a cautious stance ahead of a likely interest rate cut by the Federal Reserve, while expectations were low for headway in a Sino-U.S. trade dispute as negotiators were set to meet this week. The Korean won rose, while the benchmark bond yield fell.

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