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 [...]
SEOUL, Nov. 20 (Korea Bizwire) — South Korean stocks are likely to continue fluctuating in a tight range next week amid lingering uncertainties about inflation pressure. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,971.02 points Friday, slightly up from 2,968.8 points a week ago. Stocks slumped from Tuesday to Thursday as strong [...]
SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s benchmark stock index is likely to come under selling pressure next week as uncertainties from the fast-growing inflation continue to fan expectations of a quick rate hike by the U.S. Federal Reserve, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,968.8 points [...]
SEOUL, Nov. 6 (Korea Bizwire) — South Korea’s benchmark stock index is likely to move in a tight range next week, although volatility may increase due to policy uncertainties, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,969.27 points Friday, nearly unchanged from 2,970.68 points a week ago. The KOSPI fluctuated [...]
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 [...]