The South Korean won weakened as China imposed sanctions on five US subsidiaries of Hanwha Ocean, pushing the dollar-won rate above 1,430, while the KOSPI fell 1.2% amid heightened risk-off sentiment.
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[Seoul Foreign Exchange Market]China Expands Gains as Hanwha Ocean's US Subsidiaries Face Sanctions—Up 4.50 Won
The South Korean won weakened as China imposed sanctions on five US subsidiaries of Hanwha Ocean, pushing the dollar-won rate above 1,430, while the KOSPI fell 1.2% amid heightened risk-off sentiment.
China's Ministry of Commerce has imposed sanctions on five US subsidiaries of Hanwha Ocean, barring Chinese entities from any dealings, as it probes the impact of US trade law on China's shipping sector.
#YonhapInfomax #HanwhaOcean #ChinaSanctions #USSubsidiaries #ShippingIndustry #TradeAct301 #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=85418
China Imposes Sanctions on Five Hanwha Ocean US Subsidiaries—'Transactions Prohibited' (Update)
China's Ministry of Commerce has imposed sanctions on five US subsidiaries of Hanwha Ocean, barring Chinese entities from any dealings, as it probes the impact of US trade law on China's shipping sector.
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