South Korean stocks ended lower Friday on losses in big-cap tech shares amid caution over the United States' monetary policy path amid high inflation. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index shed 15.48 points, or 0.63 percent, to close at 2,423.61. Trading volume was slim at 363.7 million shares worth 6.86 trillion won ($5.26 billion), with ...

South Korean stocks opened slightly higher Friday, tracking Wall Street gains, as big-cap tech shares gathered ground. The benchmark Korea Composite Stock Price Index added 6.34 points, or 0.26 percent, to 2,445.43 in the first 15 minutes of trading. Overnight, US shares ended higher following a recent rout amid lingering uncertainties over the United States' monetary policy path to curb inflat...

South Korean stocks finished higher on Thursday as investors got a much-awaited reprieve from consecutive rate hikes by the Bank of Korea. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index added 21.41 points, or 0.89 percent, to close at 2,439.09. Trading volume was a bit slim at 393.06 million shares worth 7.33 trillion won ($5.65 billion), with gai...

South Korean stocks opened higher Thursday amid lingering concerns over more interest rate hikes. The benchmark Korea Composite Stock Price Index had gained 18.54 points, or 0.77 percent, to 2,436.22 in the first 15 minutes of trading. The Bank of Korea is scheduled to hold its rate-setting meeting later in the day. It raised its benchmark interest rate by a quarter percentage point in January ...

South Korean stocks closed markedly lower Wednesday on worries over higher borrowing rates ahead of the release of the Federal Reserve's latest minutes. The local currency lost ground against the US dollar. The benchmark Korea Composite Stock Price Index shed 41.28 points, or 1.68 percent, to close at 2,417.68. Trading volume was moderate at 414.1 million shares worth 8.19 trillion won ($6.28 b...

South Korean stocks opened sharply lower Wednesday, tracking a Wall Street plunge overnight, on worries over higher borrowing rates ahead of the release of the Federal Reserve's latest minutes. The benchmark Korea Composite Stock Price Index had shed 34.26 points, or 1.39 percent, to 2,424.70 as of 9:15 a.m. Wall Street dropped overnight as market sentiment was weighed down by fears about highe...

South Korean stocks finished slightly higher Tuesday as traders remained uncertain about how aggressive the US Federal Reserve will be in raising interest rates to fight inflation. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index gained 3.84 points, or 0.16 percent, to close at 2,458.96 won. Trading volume was moderate at 486.86 million shares worth 7.2...

Activist fund singles out poor governance as sole reason for ‘undervalued’ Korean stocks

South Korean stocks opened slightly lower Tuesday as traders remained uncertain about the US Federal Reserve's future monetary policy to curb inflation. The benchmark Korea Composite Stock Price Index had shed 7.36 points, or 0.3 percent, to 2,447.76 in the first 15 minutes of trading. US financial markets closed Monday for the Presidents' Day holiday. On Friday, Wall Street ended mixed as str...

South Korean stocks ended slightly higher Monday as investors remain cautious about the United States' monetary policy path amid high inflation. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index added 3.91 points, or 0.16 percent, to 2,455.12. Trading volume was a bit slim at 382.21 million shares worth 7.43 trillion won ($5.74 billion), with gainers ...

South Korean stocks opened lower Monday as big-cap tech shares lost ground amid persistent concerns over the aggressive monetary tightening by the US Federal Reserve to curb inflation. The benchmark Korea Composite Stock Price Index shed 12.70 points, or 0.52 percent, to 2,438.51 in the first 15 minutes of trading. On Friday, US shares ended mixed amid uncertainty over future rate hikes. The Do...

Seoul shares opened lower Friday as traders assessed the impact of more hotter-than-expected US inflation data on the Federal Reserve's monetary tightening policy down the road. The benchmark Korea Composite Stock Price Index fell 18.92 points, or 0.76 percent, to 2,456.56 in the first 15 minutes of trading. Overnight, Wall Street closed down, with the Dow Jones Industrial Average falling 1.26 ...

Seoul shares ended higher Thursday tracking Wall Street gains, as institutional investors scooped up large-cap stocks amid concerns over the Federal Reserve's further rate hikes. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 47.58 points, or 1.96 percent, to close at 2,475.48. Trading volume was moderate at 378.9 million shares worth 8.97 trilli...

Seoul shares opened higher Thursday, tracking overnight gains on Wall Street, amid concerns over the US Federal Reserve's continued rate hikes to tame inflation. The benchmark Korea Composite Stock Price Index rose 22 points, or 0.91 percent, to 2,449.90 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average rose 0.1 percent to 34,128.05 and the tech-heavy Nasdaq Compos...

Seoul shares opened lower Wednesday as investors assess higher-than-expected US inflation data and the Federal Reserve's comments hinting at rate increases, which may portend a longer-than-expected period of monetary tightening to combat inflation. The benchmark Korea Composite Stock Price Index fell 9.95 points, or 0.40 percent, to 2,455.69 in the first 15 minutes of trading. Overnight, US sto...