[Featured Stock] KakaoPay Soars 14% on Expectations of Interest Rate Policy Changes
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[Asia Economy Reporter Minji Lee] Kakao Pay is showing a surge of over 14% during trading hours.
At 9:45 a.m. on the 14th, Kakao Pay was trading at 67,900 KRW, up 13.74% from the previous trading day. On this day, the company's stock price soared to 70,900 KRW during trading, recovering to the level seen three months ago.
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On the 11th, Kakao Pay hit the upper limit after the U.S. October Consumer Price Index (CPI) came in lower than expected. As a leading growth stock in Korea, Kakao Pay's stock price had significantly declined this year due to strong interest rate hikes.
This content was produced with the assistance of AI translation services.
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