S. Korean Pres. Moon: Will aim for 4% economic growth this year

Dhwani Mehta FXStreet

South Korean President Moon Jai-in said on Monday, the government will aim for 4% economic growth this year.

He added that they Will increase fiscal spending if needed to add jobs.

South Korean stocks jumped to four-month highs amid an increase in net foreign inflows while the region’s benchmark index, KOSPI, tracks Wall Street stocks higher after Friday’s NFP disappointment.

Meanwhile, USD/KRW attempts a bounce from five-day lows of 1,109.48, now trading at 1,115.61, up 0.40% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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