SEOUL, Oct. 30 (Korea Bizwire) — Seoul shares may fall further to 2,900 next week depending on upcoming global economic indicators and the Federal Reserve chairman’s possible comments on tighter monetary policy, analysts said Saturday. The Benchmark Korea Composite Stock Price Index (KOSPI) fell for a third straight day to end 1.3 percent lower at [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Korean stocks are likely to move in a tight box next week as investors weigh the potential impacts of the U.S. Federal Reserve’s tapering and hopes of strong corporate earnings, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 3,006.16 points Friday, down 0.3 [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korean stocks are likely to move in a tight range next week as investors weigh the outlook for third-quarter corporate earnings and the Federal Reserve’s signal over tapering of its timeline for stimulus, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 3,015.06 points [...]
SEOUL, Oct. 3 (Korea Bizwire) — South Korea’s stock prices fell 6.91 percent on-quarter in the third quarter due to uncertainty over the U.S. tapering of asset purchases, marking the first quarterly decline since the outbreak of the COVID-19 pandemic, data showed Sunday. The benchmark Korea Composite Stock Price Index (KOSPI) ended at 3,068.82 on [...]
SEOUL, Nov. 23 (Korea Bizwire) — South Korean brokerage houses expect the local stock market to continue its upturn to reach a new zenith in 2021 on expectations for an economic recovery, sources said Monday. Thirteen securities companies have forecast the upper-end target band for the benchmark Korea Composite Stock Price Index (KOSPI) to range [...]
SEOUL, June 8 (Korea Bizwire) — South Korea’s main stock index hit the highest level in valuation since 2002, highlighting stock prices’ roller-coaster gains compared with the actual earnings of the pandemic-hit companies, analysts said Monday. The price-to-earnings ratio (PER) of the benchmark Korea Composite Stock Price Index (KOSPI) stood at 25, the highest since [...]
SEOUL, Dec. 2 (Korea Bizwire) — South Korea’s social responsibility investment (SRI) market is growing rapidly due to interest in investments that place importance on the environment, social responsibility, and governance (ESG). Asset management firms have steadily introduced related funds this year as SRI has grown in importance and the market is expected to expand [...]
SEOUL, Sept. 30 (Korea Bizwire) — South Korea’s initial public offering (IPO) market is expected to gather ground in the fourth quarter as several large companies are seeking to make debuts on the local stock market, an industry source said Monday, although investors remained bearish on stocks. About 10 companies have applied or plan to [...]
SEOUL, Jun. 10 (Korea Bizwire) — Short-selling of stocks on the South Korean bourses jumped to a seven-month high in May as local shares remained bearish amid escalating trade tension between the U.S. and China, data showed Monday. Daily stock short-selling averaged 537.5 billion won (US$454.8 million) in the main KOSPI and secondary KOSDAQ markets [...]
SEOUL, May 29 (Korea Bizwire) — South Korea’s bourse operator said Wednesday that a tax cut for stock trading will come into effect later this week, with analysts expecting the reduction to revitalize stock transactions, although there may be no sharp rise in trading volume in the long term. Starting Thursday, the transaction tax for [...]