South Korea's foreign reserves fell to $404.6 billion in May, marking a five-year low as declines continued for a second month despite higher investment returns.
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S-Oil shares have reached a five-year cyclical low, with Hana Securities issuing a conviction buy, citing attractive valuations and expectations for stronger refining margins and export growth as global supply tightens and major competitors reduce exports.
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South Korea's foreign exchange reserves fall to $404.67 billion, lowest in 5 years, amid swap transactions and financial institution deposit reductions
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