[THE INVESTOR] South Korean stocks rose slightly on Oct. 17, rebounding from earlier losses on increased foreign buying. The local currency fell against the US dollar.The benchmark KOSPI climbed 4.95 points, or 0.24 percent, to 2,027.61. Trade volume came to 330.45 million shares worth 3.67 trillion won (US$3.23 billion), with decliners outnumbering advancers 487 to 315.Foreigners net-purchased 291.1 billion won worth of stocks, while institutions and individuals sold a net 243.7 billion won and

Oct. 17, 2016

[THE INVESTOR] South Korean shares slid late morning on Oct. 17, as institutional traders sold off stocks amid market uncertainties. The benchmark KOSPI shed 2.34 points, or 0.12 percent, to 2,020.32 as of 11:20 a.m. Institutions were net sellers, while foreigners and individuals net-purchased shares.Starting the week, in particular, investors’ appetite for less risky assets appeared to be growing amid unrelenting uncertainties at home and abroad, market watchers said.Concerns persist about the

Oct. 17, 2016

[THE INVESTOR] South Korean shares closed higher on Oct. 14, on foreign investors’ attempt to purchase local shares. The local currency grew stronger against the US greenback.The benchmark KOSPI gained 7.16 points, or 0.36 percent, to 2,022.60. Trading volume was moderate at 453 million shares worth 4.1 trillion won (US$3.62 billion).Foreign investors purchased a net 32.76 billion won, remaining net buyers for two consecutive sessions, while institutional investors offloaded a net 805 million wo

Oct. 14, 2016

[THE INVESTOR] South Korean shares closed sharply lower on Oct. 13 as institutions tried to cash in early gains. The local currency also weakened against the US greenback as the Bank of Korea decided to keep its key rate steady for the month.The benchmark KOSPI lost 18.29 points, or 0.90 percent, to 2,015.44. Trading volume was moderate at 430 million shares worth 4.33 trillion won (US$3.81 billion) with losers greatly outnumbering gainers 635 to 184.The index had opened on an upbeat note, partl

Oct. 13, 2016

[THE INVESTOR] South Korean shares traded lower late morning on Oct. 13, as institutions eyed the market for selling. The benchmark KOSPI lost 14.32 points, or 0.70 percent, to 2,019.41 as of 11:20 a.m.Most large caps were in negative terrain.Samsung Electronics advanced 1.30 percent, but local industry leader Hyundai Motor plunged 1.47 percent, with top portal operator Naver tumbling 3.01 percent.Top life insurer Samsung Life retreated 0.95 percent, with leading chemicals producer LG Chemical s

Oct. 13, 2016

[THE INVESTOR] South Korean shares closed slightly higher on Oct. 12 as institutions increased their buying spree. The local currency lost ground against the US dollar for a second straight session.The benchmark KOSPI added 1.80 points, or 0.09 percent, to 2,033.73. Trading volume was slim at 292.4 million 4.68 trillion won (US$4.16 billion), with gainers outnumbering losers 406 to 377.Institutions purchased a net 619.2 billion won while foreign investors offloaded a net 550.2 billion won, exten

Oct. 12, 2016

[THE INVESTOR] Hanjin Heavy Industries has signed a deal worth 199.1 billion won (US$177.40 million) with Defense Acquisition Program Administration to supply three new PKX-B patrol vessels, it said on Oct. 12. The project amounts to 6.39 percent of the firm’s revenue.The Korean shipbuilder was selected in 2014 as the main supplier of patrol vessels to replace the original Chamsuri-class patrol vessels, which have been in service with the navy since the 1970s. The ship launching ceremony for its

Oct. 12, 2016

[THE INVESTOR] South Korean shares fell slightly in late morning on Oct. 12, as Samsung Electronics discontinued its smartphone Galaxy Note 7. The benchmark KOSPI lost 0.9 point, or 0.04 percent, to 2,031.03 as of 11:20 a.m.The index opened on a weaker note, but nearly recovered earlier losses as institutional investors turned to buying.Institutions were net buyers, scooping up 384.2 billion won (US$342 million), while both foreigners and retail investors offloaded more local shares than they pu

Oct. 12, 2016