SEOUL, Jan. 22 (Korea Bizwire) — South Korea’s benchmark stock index surged past the long-symbolic 5,000 mark on Thursday, propelled not by a single sector but by a widening rally that rotated from semiconductors into automobiles, defense, nuclear power and other heavyweight industries. The Korea Composite Stock Price Index, or KOSPI, climbed 1.89 percent in early [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korea’s benchmark KOSPI surged nearly 15 percent in early January, but the gains were unevenly distributed, with industrial and capital-intensive sectors leading the rally while consumer-related stocks lagged behind. According to data from the Korea Exchange, the transport equipment and auto parts sector posted the strongest performance between Jan. [...]
SEOUL, Jan. 13 (Korea Bizwire) – A majority of affluent retail investors in South Korea expect stock markets at home and abroad to extend their gains this year, with artificial intelligence and robotics emerging as the most favored investment themes, according to a new survey by Mirae Asset Securities. In a poll conducted by the [...]
SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s benchmark stock index surged past the 4,000 mark for the first time on Monday, a milestone that has energized investors and set off new warnings that the market may be overheating. The Kospi has soared nearly 18 percent in October alone, repeatedly setting record highs in recent weeks. [...]
SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s main stock index has surged faster than any other in the Group of 20 nations this year, propelled by foreign investors betting heavily on the country’s dominant semiconductor industry and other major blue-chip companies. The benchmark Kospi index has climbed 68.5 percent since Jan. 2, adding 1,643 [...]
SEOUL, Sept. 5 (Korea Bizwire) — With South Korea’s stock market stuck in a holding pattern, investors are pouring money into bond-focused exchange-traded funds, underscoring a shift toward safer assets amid global economic uncertainty. According to Koscom data released Thursday, Samsung Asset Management’s KODEX Money Market Active and Korea Investment Trust’s ACE Money Market Active [...]
SEOUL, March 24 (Korea Bizwire) — After an unprecedented 18-month suspension, South Korea will fully resume short selling on March 31, marking the first time since March 2020 that the practice will be allowed for all listed stocks. The move comes despite mixed results from the country’s longest-ever ban on short selling, which failed to deliver [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korea’s stock market extended its winning streak last week, buoyed by investor relief over a tempered approach from the second Trump administration, which had raised fears of aggressive trade policies. The KOSPI index climbed 13.25 points (0.52%) to close at 2,536.80, marking its fifth straight weekly gain — a [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korean stock markets have shed more than 250 trillion won in market capitalization this year, standing in stark contrast to the record-setting rallies seen in other major global markets. According to the Korea Exchange, as of December 27, the main KOSPI market’s capitalization stood at 1,966.96 trillion won, while [...]
SEJONG, Dec. 23 (Korea Bizwire) — The government is set to swiftly deploy additional market stabilization measures, including the injection of the second phase of value-up funds worth 300 billion won (US$207 million) into the country’s stock market, Finance Minister Choi Sang-mok said Monday. Choi made the remarks during an emergency meeting with top economic and financial [...]