SEOUL, Jan. 2 (Korea Bizwire) – South Korea’s initial public offering (IPO) market is expected to have another bumper year in 2022 as a slew of companies, including battery maker LG Energy Solution, are planning for stock market debuts, analysts said Sunday. The amount of money raised via IPOs on the main and tech-heavy stock [...]
SEOUL, Jan. 1 (Korea Bizwire) — South Korean stocks are expected to gather ground next week as an optimistic mood from solid U.S. consumer spending during the end-of-the-year holiday season and other factors will likely whet investor appetite for risky assets. The Korea Composite Stock Price Index (KOSPI) closed at 2,977.65 on Thursday, the last [...]
SEOUL, Dec. 25 (Korea Bizwire) — South Korean stocks are expected to move in a tight range next week, as investors will likely remain wary over uncertainties from the omicron coronavirus variant and rising tensions between the United States and Russia over Ukraine, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) added [...]
SEOUL, Dec. 23 (Korea Bizwire) — Turnover of South Korea’s main bourse plumbed a 19-month low in December as retail investors flee stocks for higher returns, data showed Thursday. The average daily turnover of the KOSPI market stood at slightly over 10 trillion won (US$8.39 billion) for 16 trading sessions till Wednesday, according to the [...]
SEOUL, Dec. 18 (Korea Bizwire) – South Korean stocks are expected to gain momentum next week, as investor sentiment will be buoyed by eased uncertainty about the U.S. monetary policy, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 3,017.73 points Friday, little changed from 3,010.23 points a week ago. The [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korean stocks are likely to undergo volatility next week due to uncertainty about the U.S. Federal Reserve’s monetary policy meeting and the latest spike in COVID-19 cases, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 3,010.23 points Friday, up 1.41 percent from 2,968.33 [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korean retail investors have been snapping up shares of electric vehicle-themed exchange traded fund (ETF) while dumping shares of Samsung Electronics Co. and SK hynix Inc., data showed Sunday. The most-sold stocks by retail investors during the five weeks from Nov. 1 to Dec. 3 were the two [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korean stocks are likely to continue to face volatility next week as investors take to the sidelines amid the spreading omicron strain of the coronavirus. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,968.33 points Friday, up 1.09 percent from 2,936.44 points a week ago. The [...]
SEOUL, Dec. 1 (Korea Bizwire) – Two major foreign investment banks (IBs) have revised down their targets of South Korea’s key stock index for 2022 amid rising market volatility following the discovery of the omicron coronavirus variant, industry sources said Wednesday. In a recent report on South Korea, Goldman Sachs has cut its 2022 target [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korean stocks are likely to continue fluctuating in a tight range next week amid concerns about a rise in new coronavirus cases and the rising inflation pressure. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,936.44 points Friday, down 1.16 percent from 2,971.02 points a week [...]