SEOUL, March 13 (Korea Bizwire) — South Korea on Friday announced a temporary ban on stock short selling for six months amid a market rout triggered by the outbreak of the new coronavirus. The Financial Services Commission (FSC) said the six-month ban will affect all listed firms, starting from Monday. FSC Chairman Eun Sung-soo said [...]
SEOUL, March 13 (Korea Bizwire) — South Korean institutional investors have been loading up on stocks this month despite a virus-induced market crash, data showed Friday. The country’s state pension fund and other institutions remained in net buying mode between March 2 and Thursday, purchasing stocks worth nearly 1.1 trillion won (US$910 million), according to [...]
SEOUL, March 12 (Korea Bizwire) — South Korean retail investors have remained in a net buying mode this year despite a sharp drop in local stock prices, data showed Thursday. Individual investors have bought a net 14.3 trillion won (US$12 billion) worth of local stocks as of Wednesday this year, according to the data compiled [...]
SEOUL, March 5 (Korea Bizwire) — Despite the coronavirus shock, money floating around the South Korean stock market has touched an all-time high, data showed Thursday, amid growing expectations of a market rally. The amount of stock-related funds came to 124.1 trillion won (US$105 billion) as of the end of February, up 8.8 trillion won [...]
SEOUL, March 4 (Korea Bizwire) — Foreign selling of South Korean stocks skyrocketed in February as investors rushed to pull out of emerging markets amid the coronavirus scare, data showed Wednesday. Offshore investors sold a net US$3 billion worth of South Korean stocks last month, compared with net selling of $165 million a month earlier, [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s stock market has plummeted nearly 6 percent since the first new coronavirus case was confirmed in the country, data showed Sunday, as the deadly virus is increasingly feared to pose downside risks to the global financial market and economic growth. The benchmark Korea Composite Stock Price Index [...]
SEOUL, Jan. 23 (Korea Bizwire) — Research reports published by securities firms are decreasing in line with changes in the business environment in the securities industry. The number of research reports published by securities firms based on financial information provider FnGuide’s tally dropped from a high of 95,215 in 2013 to 76,694 in 2018. In [...]
HONG KONG, CHINA, Jan. 17 (Korea Bizwire) - There is little doubt that the liberalisation of stock markets in emerging markets has been a positive force in the world economic order. One previous study has found that stock market liberalisation leads to a 1 percent increase in a country’s annual real GDP growth. Closer to home, economic [...]
HONG KONG, CHINA, Dec. 2 (Korea Bizwire) – China’s 2005 reform of its dual-class share structure was said to have improved listed firms’ corporate governance by allowing companies’ founding shareholders to convert previously restricted stock into openly traded shares. Some academic studies suggested the changes better aligned the interests of large shareholders and public investors. [...]
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 [...]