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KRX to ditch 30% cap on index weightingMarketsApr 2, 2020The Korea Exchange (KRX) said Thursday it has decided not to implement a new rule meant to prevent major indices from dominant influence of a single stock. The stock market operator previously consi... -
Net asset values of funds dive in MarchMarketsApr 2, 2020Investment funds in South Korea posted a sharp valuation fall in March over fears of the novel coronavirus, marking the largest decline so far, data showed Thursday. The combined net asset value of ... -
![[Market Close-up] ‘Ant warriors’ amass W45tr war chest, eyeing stock jackpot](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/03/31/20200331000753_0.jpg)
[Market Close-up] ‘Ant warriors’ amass W45tr war chest, eyeing stock jackpotMarketsMar 31, 2020As financial markets tank and investors rush to dump their tradeable assets amid the coronavirus crisis, some individual investors in South Korea are hoping to hit the jackpot. According to the Kore... -
Mirae Asset Daewoo loses $5m in email scamMarketsMar 27, 2020Korean brokerage firm Mirae Asset Daewoo said Friday that its Hong Kong branch has suffered a loss of $5 million in a recent email fraud scam. The firm’s Hong Kong branch concluded an underwriting a... -
Seoul stocks rebound amid US Fed, Korean financial market easing plansMarketsMar 24, 2020South Korean stocks rebounded sharply Tuesday, as investors were buoyed by the US Federal Reserve’s overnight announcement of unlimited bond-buying and the government’s bold emergency financial aid p... -
Foreign IBs face flak for short selling stocks in KoreaMarketsMar 23, 2020Despite the policy, the Korean stock market was again thrown into turmoil, with the benchmark index falling over 5 percent as offshore investors dumped local shares amid growing concerns over the eco... -
Additional financial measures to come next week to revive virus-battered economyEconomyMar 21, 2020The South Korean government will unveil an additional package of financial measures in detail next week to placate staggering financial markets roiled by the spread of the novel coronavirus. Accordi... -
‘Financial authorities need flexibility to help virus-hit economy’EconomyMar 21, 2020A top financial regulatory body urged authorities Friday not to panic and keep funds flowing during the coronavirus pandemic. The Financial Stability Board, which coordinates the work of national au... -
Kospi plummets below 1,500, lowest in 11 yearsMarketsMar 19, 2020Offshore investors offloaded a net 616.6 billion won of their shares in Kospi market alone on Thursday, posting a net-selling for the eleventh consecutive trading session dating to March 5. According... -
![[Economy in Pandemic Era 2] South Korea likely to undergo temporary recession](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/03/18/20200318000728_0.jpg)
[Economy in Pandemic Era 2] South Korea likely to undergo temporary recessionEconomyMar 18, 2020The Korea Herald is publishing a series of interviews and analyses on the looming threat to the domestic economy from COVID-19. This is the second installment. -- Ed. The impact of the fast-spreadin... -
Kospi dips below 1,600-point mark, lowest since May 2010MarketsMar 18, 2020South Korean stocks crashed further Wednesday, hitting the lowest point in a decade, as the novel coronavirus panic spread despite stimulus packages released around the globe. The benchmark Kospi op... -
Seoul markets sink as monetary easing fails to quell virus fearsMarketsMar 17, 2020Despite a set of bold monetary easing policies announced globally, the stock market rout has yet to show signs of a let-up, not just in Seoul but also major stock indexes in the US, reflecting invest... -
![[Market Close-up] Have tech shares hit rock-bottom?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/03/17/20200317000520_0.jpg)
[Market Close-up] Have tech shares hit rock-bottom?MarketsMar 17, 2020With stock prices of major tech firms plummeting, retail investors think it is a big opportunity to profit, given the ultralow interest rates. Past experience of the local stock market’s dramatic re... -
KRX activates ‘circuit breaker’ on Kospi, Kosdaq marketsMarketsMar 13, 2020South Korea’s stock market dived more than 8 percent during Friday morning trading, triggering the stock exchange to temporarily halt trading on both the country’s main bourse Kospi and tech-heavy Ko... -
Seoul stocks plummet to end at lowest since Aug. 2015MarketsMar 12, 2020The Kospi plummeted more than 5 percent during Thursday trading, which triggered the stock exchange to temporarily halt trading on Korea’s main bourse, as investor sentiments weighed on the coronavir...
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