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, Oct. 6 (Korea Bizwire) — Shares of solar and wind power companies in South Korea have more than doubled thus far this year, the local bourse operator said. The Korea Exchange announced that on the basis of closing prices on Sept. 29, the share prices of the 11 companies recommended by more than three securities [...]
SEOUL, Sept. 13 (Korea Bizwire) — South Korea’s key stock index has posted the second-highest profit rate among its Group of 20 peers since this year’s bottom, helped by robust buying by individuals, the bourse operator said Sunday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,396.69 points Friday, soaring 64.42 percent from [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korean retail investors have net-bought more than 2 trillion won worth of shares in top-cap Samsung Electronics Co. over the past month amid massive selling by foreigners and institutions, data showed Wednesday. Individual investors’ net purchase of Samsung Electronics traded on the main stock market came to 2.01 [...]
SEOUL, Aug. 24 (Korea Bizwire) — Despite a recent market seesaw, foreign investment banks have painted a rosy outlook of the South Korean stock market amid signs of improving economic conditions and ample liquidity, sources said Monday. Global investment bank Credit Suisse recently upgraded its outlook for the Korea Composite Stock Price Index (KOSPI) to [...]
SEOUL, June 5 (Korea Bizwire) — Emboldened by a recent market bull run, South Korean retail investors are scrambling to borrow money to buy shares in anticipation of price gains down the road, data showed Friday. Outstanding margin loans to retail investors stood at 11.4 trillion won (US$9.3 billion) as of Wednesday, according to the [...]
SEOUL, May 13 (Korea Bizwire) — Foreign investors continued to net sell South Korean stocks in April amid the coronavirus pandemic but boosted their purchase of local bonds, central bank data showed Wednesday. Foreigners net sold US$4.32 billion worth of local shares in the month, according to the data from the Bank of Korea (BOK). [...]
SEOUL, April 27 (Korea Bizwire) — Foreign holdings of South Korean stocks reached a 13-month low, as offshore investors rushed for cash amid the prolonged coronavirus uncertainties, data showed Monday. Foreign investors held 468.2 trillion won (US$379.4 billion) worth of stocks traded on the main bourse as of Friday’s close, or 36.83 percent of the [...]
SEOUL, April 9 (Korea Bizwire) — Individual investors in South Korea have raked in a massive amount of local stocks since the country’s first coronavirus outbreak in January, countering foreigners’ selling mode, data showed Thursday. Since South Korea’s first confirmed case of COVID-19 on Jan. 20 to Thursday’s closing, individuals bought a net 20.6 trillion [...]
SEOUL, March 16 (Korea Bizwire) — Investors injected more cash into equity funds as they expect a market rebound following volatility caused by the spreading coronavirus outbreak, data showed Monday. According to data compiled by market tracker FnGuide, the average yield of 961 domestic stock investment funds with a net asset value of 1 billion [...]