Seoul Stock Exchange resisted thanks to a fall of the rates

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In a new access of weakness generalized of the Asian Stock Exchanges, that of Seoul drew its pin from the play thanks to the strongest fall of interest rates ever decided by the South Korean central bank since 1999.

Whereas Tokyo Stock Exchange still lost more than 6% to finish with one low 26 years and that of HongKong fell of more than 10% towards 7:30 GMT, Seoul Stock Exchange finished in rise of 0,82%.

The South Korean central bank lowered its rates of 75 basic points, that is to say more than envisaged, to 4,25%, in the hope to support the economy of the country, affected by the world economic deceleration.

This monetary easing decided by the South Korean central bank is most important since it adopted, in 1999, a policy of interest rate of reference.

According to data published Friday, the growth rate of the South Korean economy fell to one low four years during the third quarters and the deceleration will have to still be more marked in 2009.( Finance Information City )