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Analysts Divided on KOSPI’s Outlook after Downturn

Analysts Divided on KOSPI’s Outlook after Downturn

SEOUL, Aug. 11 (Korea Bizwire) — South Korean analysts are divided over how much the local stock market will drop down the road following a recent downturn sparked by foreign selling and other negatives. Some fear the key price index may sink below the psychologically important 2,300-point level on foreign investors’ massive profit-taking, the so-called [...]

Samsung Group Funds Rate of Return Tops 30 on Solid Earnings: Sources

Samsung Group Funds Rate of Return Tops 30 on Solid Earnings: Sources

SEOUL, Jul. 26 (Korea Bizwire) — The rate of return for equity funds of Samsung Electronics Co. and other Samsung Group-related firms exceeded 30 percent this year amid the bullish market backed by solid corporate earnings and the global economic recovery, industry data showed Wednesday. The benchmark Korea Composite Stock Price Index (KOSPI) rose 20.40 [...]

S. Korea Ranks 2nd among Emerging Markets in Stock Purchases by Foreigners in H1: Data

S. Korea Ranks 2nd among Emerging Markets in Stock Purchases by Foreigners in H1: Data

SEOUL, Jul. 11 (Korea Bizwire) — South Korea ranked second among emerging economies in the amount of stocks purchased by foreign investors during the first six months this year, market data showed Tuesday. Foreigners net bought US$9 billion worth of South Korean stocks during the January-June period, the second largest only after Taiwan’s $9.4 billion, [...]

Individuals Shy Away from Bullish Market Led by Large Cap Stocks: Data

Individuals Shy Away from Bullish Market Led by Large Cap Stocks: Data

SEOUL, Jul. 6 (Korea Bizwire) — South Korea’s retail investors are generally staying away from the local bourses, industry data showed Thursday, as foreigners and institutions pushed up stocks to record highs in recent months backed by improving corporate earnings and resilient exports. The KOSPI main bourse has risen 18 percent in the first six [...]

South Korean Equity Funds Sold to Global Investors Quadrupled in First Half

South Korean Equity Funds Sold to Global Investors Quadrupled in First Half

SEOUL, Jul. 3 (Korea Bizwire) — Amid growing preference for emerging markets among global investors, the sales of South Korean equity funds more than quadrupled during the first half of 2017, an industry report said. According to an industry report released on Monday by Mirae Asset Daewoo Securities and EPFR Global, the volume of South [...]

Samsung Electronics, SK hynix Lead Latest Stock Market Boom

Samsung Electronics, SK hynix Lead Latest Stock Market Boom

SEOUL, June 29 (Korea Bizwire) – Electronics and semiconductors have led the latest stock market boom in Asia’s fourth-biggest economy, data showed Thursday, amid expectations of solid corporate earnings helped by the global economic recovery. Stock prices of Samsung Electronics, SK hynix, and other electronics and semiconductor manufacturers rose 37.32 percent as of Tuesday from the [...]

Seoul Stocks End Higher Despite Foreign Selling

Seoul Stocks End Higher Despite Foreign Selling

SEOUL, May 31 (Korea Bizwire) – South Korean stocks closed higher on Wednesday to snap a two-day losing streak as institutional buyers scooped up medical and telecoms shares offsetting a massive selling spree by foreigners following overnight Wall Street losses, analysts said. The Korean won rose against the U.S. dollar. The benchmark Korea Composite Stock [...]