Most Popular
-
1
Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
-
2
Seoul bus drivers go on general strike, cause morning rush hour delays
-
3
Official campaigning kicks off for April 10 elections
-
4
Dialogue hopes fade as doctors pick hard-liner as new head
-
5
Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
-
6
[Election Battlefield] Political novice to face off star politician in ‘swing district’
-
7
Korea enters full election mode
-
8
[Kim Seong-kon] The April 2024 election will decide our future
-
9
Seoul’s bus union prepares for strike
-
10
[Hello India] Corporate Korea sees new growth drivers in India
-
Seoul shares down for 2nd day ahead of US inflation data
South Korean stocks ended slightly lower Thursday ahead of the release of a key US inflation report due later this week and on remarks by a Fed official that more data are necessary to cut rates. The local currency gained against the US dollar. The benchmark Korea Composite Stock Price Index lost 9.29 points, or 0.34 percent, to close at 2,745.82. Trade volume was moderate at 412.5 million shares worth 11.7 trillion won ($8.69 billion), with losers beating winners 561 to 290. Institutions remain
March 28, 2024
-
Seoul shares start lower despite US gains
South Korean stocks opened a tad lower Thursday despite gains on Wall Street. The benchmark Korea Composite Stock Price Index lost 1.98 points, or 0.07 percent, to 2,753.13 in the first 15 minutes of trading. US stocks finished higher to end their three-day losing streak on Wednesday. The Dow Jones Industrial Average jumped 1.2 percent, and the Nasdaq composite gained 0.5 percent. In Seoul, large-cap shares led the bearish start. Leading battery maker LG Energy Solution dropped 1.1 percent, and
March 28, 2024
-
[Hello India] Korean institutional investors up appetite for Indian market
Korean institutional investors are pumping money into the Indian market to avail opportunities from the fastest-growing major economy’s robust domestic demand and infrastructure projects. With estimates suggesting the economy could expand by 7 to 8 percent this year and the Indian government's policies designed to revive the manufacturing industry, including the "Make In India" program, the country has emerged as an investment destination for foreign investors. As large inve
March 27, 2024
-
Seoul shares end nearly flat; won dips to nearly 4-month low
South Korean stocks finished nearly flat Wednesday ahead of the releases of key US inflation data as investors cashed in recent gains. The local currency fell sharply against the US dollar. The benchmark Korea Composite Stock Price Index dropped 1.98 points, or 0.07 percent, to close at 2,755.11. Trade volume was moderate at 482.5 million shares worth 11.3 trillion won ($8.38 billion), with losers outnumbering winners 499 to 367. Individuals and institutions led the slight decline, dumping a net
March 27, 2024
-
Seoul shares start lower on US losses
South Korean stocks opened a tad lower Wednesday, tracking overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index lost 6.94 points, or 0.25 percent, to 2,750.15 in the first 15 minutes of trading. US stocks finished lower ahead of key inflation data. The Dow Jones Industrial Average fell 0.08 percent, and the tech-rich Nasdaq Composite slid 0.42 percent. In Seoul, market heavyweights traded in mixed territory. Samsung Electronics, the world's largest memory chipmak
March 27, 2024
-
Seoul shares close higher on robust chip stocks
South Korean stocks rose Tuesday to end a two-session losing streak buoyed by strong semiconductor shares. The local currency gained against the US dollar. The benchmark Korea Composite Stock Price Index added 19.52 points, or 0.71 percent, to close at 2,757.09. Trade volume was moderate at 439.5 million shares worth 11.9 trillion won ($8.88 billion), with gainers closely beating decliners 452 to 404. Foreign and institutional net purchases worth a combined 1.15 trillion won led the daily increa
March 26, 2024
-
Seoul shares start higher despite US losses
South Korean stocks got off to a strong start Tuesday despite overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index added 32.49 points, or 1.19 percent, to 2,770.06 in the first 15 minutes of trading. The US stocks lost ground Monday as investors took a breather ahead of key inflation data. The Dow Jones Industrial Average fell 0.4 percent, and the tech-rich Nasdaq Composite Index dropped 0.3 percent. In Seoul, market heavyweights led the bullish beginning. Top-cap Sam
March 26, 2024
-
Seoul shares fall for 2nd day on profit-taking
South Korean stocks declined for the second straight session Monday as investors sought to cash in recent gains. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 10.99 points, or 0.4 percent, to close at 2,737.57. Trade volume was moderate at 479.9 million shares worth 9.78 trillion won ($7.23 billion), with losers outnumbering winners 527 to 336. Foreigners and institutions led the drop, dumping a combined 331.6 billion won worth of local share
March 25, 2024
-
Seoul shares open higher on tech, battery gains
South Korean stocks started a tad higher Monday on gains from tech and battery shares. The benchmark Korea Composite Stock Price Index added 8.46 points, or 0.31 percent, to 2,757.02 in the first 15 minutes of trading. Tech and battery heavyweights led the upbeat start. Samsung Electronics, the world's No. 1 memory chipmaker, rose 0.51 percent and its rival SK hynix increased 1.53 percent. Leading battery maker LG Energy Solution edged up 0.12 percent, and Samsung SDI went up 2.75 percent.
March 25, 2024
-
Bosch, Lennox, Samsung vie for Johnson Controls HVAC assets, sources say
Robert Bosch GmbH, Lennox International and Samsung Electronics are among the industrial firms competing to acquire heating and ventilation assets worth over $6 billion from Johnson Controls International, people familiar with the matter said on Friday. Milwaukee-based Johnson Controls has been working with its advisers to sell its residential and light commercial businesses, including includes a US business and a 60 percent stake in an air-conditioning venture with Japan's Hitachi called
March 23, 2024
-
S. Korean shares fall on profit taking; won sharply down
South Korean shares closed slightly lower Friday as investors cashed in gains after the market rallied by more than 2 percent the previous session. The local currency fell sharply against the US dollar. The benchmark Korea Composite Stock Price Index fell 6.3 points, or 0.23 percent, to close at 2,748.56. Trade volume was moderate at 501.3 million shares worth 11.3 trillion won ($8.42 billion), with gainers outnumbering losers 485 to 381. Foreigners bought a net 665 billion won worth of stocks,
March 22, 2024
-
Seoul shares open nearly flat on profit taking
South Korean stocks opened nearly flat Friday after hitting a nearly two-year high the previous session despite overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index edged down 2.76 points, or 0.1 percent, to 2,752.1 in the first 15 minutes of trading. On Thursday, the main index rallied by more than 2 percent amid growing hopes for US rate cuts in the near future. Overnight, the Dow Jones Industrial Average climbed 0.68 percent to a new high, while the S&P 500 and
March 22, 2024
-
S. Korean shares jump over 2% on hopes for US rate cuts; won sharply up
South Korean shares rallied by more than 2 percent Thursday amid growing hopes for US rate cuts in the near future. The local currency also rose sharply against the US dollar. The benchmark Korea Composite Stock Price Index surged 64.72 points, or 2.41 percent, to close at 2,754.86, the highest in nearly two years since April 5, 2022 when the index closed at 2,759.20. Trade volume was heavy at 811.8 million shares worth 13.8 trillion won ($10.4 billion), with gainers outnumbering losers 655 to 2
March 21, 2024
-
Seoul shares open sharply higher on hopes for US rate cuts
South Korean stocks opened sharply higher Thursday following record-high finishes on Wall Street afforded by hopes for US rate cuts this year. The benchmark Korea Composite Stock Price Index added 37.38 points, or 1.39 percent, to 2,727.52 in the first 15 minutes of trading. The US Federal Reserve kept its policy rate intact for a fifth consecutive session Wednesday at the 5.25 to 5.50 percent range but signaled as many as three rate cuts within the year. The Dow Jones Industrial Average climbed
March 21, 2024
-
Seoul shares soar over 1% on Samsung
South Korean shares closed more than 1 percent higher Wednesday on a rally in top cap Samsung Electronics and before the results of the Federal Reserve's rate-setting meeting. The local currency stayed unchanged against the US dollar. The benchmark Korea Composite Stock Price Index surged 33.97 points, or 1.28 percent, to close at 2,690.14. Trade volume was heavy at 710 million shares worth 12.6 trillion won ($9.3 billion), with gainers outnumbering losers 481 to 380. Foreign investors turn
March 20, 2024
-
Seoul shares open higher on Wall Street gains
South Korean stocks opened sharply higher Wednesday, tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index gained 23.92 points, or 0.90 percent, to 2,680.10 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average closed 0.83 percent higher. In Seoul, large caps traded mixed. Market bellwether Samsung Electronics added 1.10 percent, while No. 2 chipmaker SK hynix remained flat. Top battery maker LG Energy Solution climbed 0.50 percent, wi
March 20, 2024
-
Seoul shares dip over 1% ahead of Fed rate decision
South Korean stocks slipped more than 1 percent Tuesday as investors remained cautious ahead of the US Federal Open Market Committee's meeting this week. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 29.67 points, or 1.1 percent, to 2,656.17. Trade volume was moderate at 683.5 million shares worth 10.5 trillion won ($7.88 billion), with losers outpacing gainers 603 to 276. Foreigners sold a net 238 billion won worth of stocks, while indi
March 19, 2024
-
Seoul shares open lower ahead of FOMC meeting
South Korean stocks started lower Tuesday as investors awaited the US Federal Open Market Committee's meeting this week. The benchmark Korea Composite Stock Price Index lost 27.32 points, or 1.02 percent, to 2,658.52 in the first 15 minutes of trading. Overnight, the US stock market closed higher, mainly led by tech shares, with the Dow Jones Industrial Average rising 0.2 percent and the Nasdaq Composite advancing 0.82 percent. The FOMC is set to start its two-day rate-setting meeting Tuesd
March 19, 2024
-
S. Korean stocks close higher ahead of US Fed meeting
South Korean stocks closed slightly higher Monday ahead of a US Fed meeting where investors believe signs of a possible rate cut down the road may emerge. The local currency lost ground against the US dollar. The benchmark Korea Composite Stock Price Index gained 19.00 points, or 0.71 percent, to close at 2,685.84. Trade volume was moderate at 401 million shares worth 9.35 trillion won ($7 billion), with losers outnumbering gainers 439 to 434. Institutions were the sole buyers, net purchasing 22
March 18, 2024
-
Seoul shares open slightly higher on tech gains
South Korean stocks opened a tad higher Monday, buoyed by gains in technology stocks. The benchmark Korea Composite Stock Price Index added 0.72 point, or 0.03 percent, to 2,667.56 in the first 15 minutes of trading. Large caps traded mixed while techs and chemicals were in positive terrain. Tech giant Samsung Electronics gained 0.55 percent, with No. 2 chipmaker SK hynix advancing 0.56 percent. Leading battery maker LG Energy Solution added 0.75 percent, while its local rival Samsung SDI gained
March 18, 2024