Most Popular
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Yoon's approval rating plunges to all-time low
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S. Korea votes in favor of Palestinian bid for UN membership
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Bae Doo-na shares portraying Korean identity in Hollywood's 'Rebel Moon'
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[From the Scene] Monks, Buddhists hail return of remains of Buddhas
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Medical schools granted enrollment quota flexibility for next year
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Yoon offers first one-on-one meeting with opposition leader next week
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France rejects opening Paris flight routes to T'way Air, deals blow to Korean Air merger
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Iran fires air defense batteries in provinces as sound of explosions heard near Isfahan
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Chinese man behind drug scam targeting teens nabbed in Cambodia
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Seoul shares dip 1% on dashed rate-cut hopes
Seoul shares dipped 1 percent Friday as investors were disappointed with hawkish comments by Federal Reserve officials ahead of US jobs data. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 27.79 points, or 1.01 percent, to close at 2,714.21. The main index has fallen 1.2 percent this week. Trade volume was moderate at 615.09 million shares worth 11.16 trillion won ($8.2 billion), with decliners outpacing gainers 633 to 244. Institutions and foreig
April 5, 2024
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Seoul shares open lower on dashed hopes for early rate cut
Seoul shares opened lower Friday as investors were disappointed with hawkish comments by Federal Reserve officials. The benchmark Korea Composite Stock Price Index fell 23.64 points, or 0.86 percent, to 2,718.36 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 1.35 percent to 38,596.98 points and the tech-heavy Nasdaq declined 1.4 percent to 16,049.08. Fed officials said the US central bank needs time to be confident on inflation before starting to cut rates a
April 5, 2024
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Seoul shares rebound on tech gains, revived rate-cut hopes
Seoul shares rebounded sharply Thursday from the previous session's dip on tech, auto gains and revived optimism for the US Federal Reserve to cut rates this year. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 35.03 points, or 1.29 percent, to close at 2,742.00. Trade volume was moderate at 468.06 million shares worth 11.64 trillion won ($8.6 billion), with decliners outpacing gainers 465 to 416. Foreigners bought a net 588 billion won worth
April 4, 2024
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Seoul shares open sharply higher on revived rate-cut hopes
Seoul shares opened higher Thursday as US Federal Reserve Chair Jerome Powell reaffirmed rate cuts this year. The benchmark Korea Composite Stock Price Index rose 31.45 points, or 1.16 percent, to 2,738.42 in the first 15 minutes of trading. The US central bank reiterated it will take a wait-and-see approach before cutting rates this year. But Powell's view that inflation figures did not materially change the Fed's overall picture gave a boost to risk assets. In Seoul, tech, auto and e
April 4, 2024
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Seoul shares snap 3-day rise as early rate-cut optimism fades
Seoul shares ended lower Wednesday to snap their three-day winning streak, as robust economic data in the United States spurred speculation that the US Federal Reserve will keep interest rates higher for longer. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 46.19 points, or 1.68 percent, to close at 2,706.97. Trade volume was heavy at 628.41 million shares worth 12.74 trillion won ($9.4 billion), with decliners outpacing gainers 632 to 246. Insti
April 3, 2024
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Seoul shares open lower on faded hopes for early rate cut by Fed
Seoul shares opened lower Wednesday, tracking overnight losses on Wall Street, after robust US manufacturing activity spurred speculation that the Federal Reserve will keep interest rates higher for the time being. The benchmark Korea Composite Stock Price Index fell 32.21 points, or 1.17 percent, to 2,720.95 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 1 percent to 39,170.24 and the tech-heavy Nasdaq shed 0.95 percent to 16,240.45. In Seoul, large-cap sto
April 3, 2024
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Seoul shares up for 3rd day on tech gains; won at 5-month low
Seoul shares closed higher Tuesday to extend their winning streak to a third day on strong gains in techs amid speculation that strong US data may prod the Federal Reserve to push back its rate-cut timetable. The Korean won tumbled to the lowest in over five months to the US dollar. The benchmark Korea Composite Stock Price Index rose 5.30 points, or 0.19 percent, to close at 2,753.16. Trade volume was heavy at 618.07 million shares worth 12.9 trillion won ($9.5 billion), with decliners outpacin
April 2, 2024
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Seoul shares open lower on strong US data
Seoul shares opened lower Tuesday on speculation that stronger than expected data may prod the Federal Reserve to push back its rate-cut timetable. The benchmark Korea Composite Stock Price Index fell 10.12 points, or 0.4 percent, to 2,737.74 in the first 15 minutes of trading. The Institute for Supply Management's manufacturing purchasing managers' index released overnight stayed at 50.3 last month, the highest since September 2022 despite a prolonged tightening mode by the Fed. The F
April 2, 2024
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Seoul shares up for 2nd day amid revived hopes for US rate cuts
Seoul shares closed higher Monday as US inflation data was in line with market expectations raising hopes that the Federal Reserve may start cutting rates in June at the earliest. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 1.23 points, or 0.04 percent, to close at 2,747.86. Trade volume was slim at 391.77 million shares worth 9.9 trillion won ($7.3 billion), with gainers outpacing losers 573 to 295. Institutions and foreigners bought a combine
April 1, 2024
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Seoul shares open higher after US inflation data
Seoul shares opened higher Monday as the US Federal Reserve is expected to await more evidence that inflation is under control before cutting rates this year. The benchmark Korea Composite Stock Price Index rose 8.11 points, or 0.3 percent, to 2,754.74 in the first 15 minutes of trading. Fresh inflation data released Friday was in line with the US central bank's expectations. Fed Chair Jerome Powell said it would not be appropriate to cut rates until officials are sure inflation is on track
April 1, 2024
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Foreign investors net purchase record amount of S. Korean stocks in Q1
Foreigners net purchased over 15 trillion won worth of local shares in the first three months of the year, breaching the 15 trillion-won mark for the first time in history, data showed Saturday. Foreign investors scooped up a net 15.77 trillion won ($11.7 billion) worth of shares in the first quarter, the highest quarterly figure since the country's main stock exchange KRX began compiling such data in 1998. The previous record was 14.79 trillion won tallied in the third quarter of 2009, acc
March 30, 2024
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Seoul shares end almost flat ahead of key US inflation report
South Korean stocks finished nearly unchanged Friday as investors took a wait-and-see stance ahead of a key US inflation report that would set the tone for the Federal Reserve's rate-setting decision. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index added 0.81 point, or 0.03 percent, to close at 2,746.63. Trade volume was moderate at 485.5 million shares worth 11 trillion won ($8.17 billion), with losers beating winners 603 to 270. Foreign inves
March 29, 2024
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Seoul shares start nearly flat ahead of US inflation data
South Korean stocks opened almost unchanged Friday ahead of a key inflation report from the United States. The benchmark Korea Composite Stock Price Index added 0.13 point to 2,745.95 in the first 15 minutes of trading. US stocks finished mixed Thursday, as the Dow Jones Industrial Average edged up 0.12 percent and the Nasdaq composite lost 0.12 percent. US core personal consumption expenditures price index data, the Fed's preferred gauge of inflation, is slated for Friday. In Seoul, market
March 29, 2024
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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
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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
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[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
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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
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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
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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
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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