Recruiter In Korea

The Honest Truth About Recruiting in Korea

Economy can handle some turmoil: MOF

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I was really worried today that stocks were going to tank due to the whole Cheonan incident and the European crisis, the latter of which contributed to the massive reaming that U.S. and other markets took last week.  Good thing that Friday was a holiday (not for me though), which gave the markets here a rest and investors time to think and not make major pullouts.

I was pleasantly surprised to see most stocks go up today.  Looks like the Ministry of Finance is doing what it can to squash some of the fears as well:

But Seoul’s financial turbulence has largely moderated since last Friday, since the market rout last Thursday largely stemmed from southern Europe’s debt crisis, said Lim.

While blue chips aren’t doing well overall, it looks like smaller firms are faring much better.  My Asiana is up more than 50%!!


Written by recruiterinkorea

May 24, 2010 at 2:22 pm

Posted in Uncategorized

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