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Severe Weather Alerts Put a Damper on the Stock Market

Severe Weather Alerts Put a Damper on the Stock Market

SEOUL, Oct. 23 (Korea Bizwire) — A recent report has identified a correlation between the incidence of severe weather alerts and a drop in the stock market. Financial markets and consumers were also affected by weather forecasts and weather conditions, with credit card payments rising on sunny days. According to a report released Tuesday by [...]

Robo Advisors Outshine in Bear Market

Robo Advisors Outshine in Bear Market

SEOUL, Sept. 17 (Korea Bizwire) — Investments supported by so-called robo advisors, or computer programs that make financial decisions, outperformed the overall market in South Korea last month, when the local stock market remained bearish, data showed Tuesday. According to the data from Koscom Corp., the system manager of the Korean bourse operator Korea Exchange, [...]

S. Korean Bio Shares Tumble on Concerns over Drug Trial Failures

S. Korean Bio Shares Tumble on Concerns over Drug Trial Failures

SEOUL, Sept. 1 (Korea Bizwire) — Bio shares on the Korean stock market tumbled this year as investor confidence was hurt by a series of scandals involving major drugmakers, data showed Saturday. The combined market capitalization of 43 pharmaceutical and bio companies listed on the main bourse, the KOSPI, stood at 81.3 trillion won (US$67.2 [...]

Number of Young Foreign Stock Investors Skyrockets

Number of Young Foreign Stock Investors Skyrockets

SEOUL, Jun. 20 (Korea Bizwire) — A recent survey has revealed that the number of overseas stock investors in their 20s has been surging. Shinhan Investment Corp. said Wednesday that its survey of 30,000 customers investing in overseas stocks showed there were 17,340 investors in their 20s as of the end of May, accounting for [...]

Foreigners’ Appetite for Korean Stocks Growing on Hope for U.S.-China Trade Talks, Chip Industry

Foreigners’ Appetite for Korean Stocks Growing on Hope for U.S.-China Trade Talks, Chip Industry

SEOUL, Apr. 10 (Korea Bizwire) — Foreign investors have been increasing their buying of South Korean shares in recent sessions, data showed Wednesday, amid optimism, albeit cautious, over the chip industry and progress in U.S.-China trade deals. According to the data compiled by the Korea Exchange (KRX), foreign investors extended their buying binge to eight [...]

Brokerages to Set Up Emergency Response System to Market Volatility

Brokerages to Set Up Emergency Response System to Market Volatility

SEOUL, Oct. 29 (Korea Bizwire) — Major South Korean financial firms vowed Monday to establish an emergency monitoring system to better respond to market instability, their association said. The pledge came after chiefs of 12 local securities firms and nine asset management companies held an emergency meeting earlier in the day to assess the current [...]

Inverse ETFs Top Performers as Stock Market Plunges

Inverse ETFs Top Performers as Stock Market Plunges

SEOUL, Oct. 19 (Korea Bizwire) — With the South Korean stock market experiencing a heavy correction due to the U.S-China trade war and financial instability among emerging states, Inverse Exchange Traded Funds (ETF) are yielding high profits. FnGuide financial information services announced that 45 Inverse ETFs with over 1 billion won in assets yielded average [...]

Samsung Electronics Tops List of Shares Sold by Foreigners, Institutions

Samsung Electronics Tops List of Shares Sold by Foreigners, Institutions

SEOUL, Oct. 8 (Korea Bizwire) — Shares of South Korean tech giant Samsung Electronics Co. topped the list of holdings sold off by foreign and institutional investors in 2018, market data showed Monday. During the first nine months of this year, offshore investors sold shares of Samsung Electronics worth 3.56 trillion won (US$3.15 billion), according [...]