stock rally Archives | Be Korea-savvy

Retail Investors Ease Bearish Bets as Korea’s Stock Rally Endures

SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s unexpectedly strong start to the year is beginning to reshape investor sentiment, as retail traders scale back bets on a market downturn and shift cautiously toward products that track the rise of the benchmark index. Data released Wednesday by Yonhap Infomax showed that individual investors last week reduced [...]

SK hynix Hits Yearly High on Strong Foreign Buying

SEOUL, Dec. 27 (Korea Bizwire) — SK hynix Inc., the world’s second-largest manufacturer of memory chips, hit a yearly high on South Korea’s main bourse on Friday as its improving business outlook attracted strong foreign buying, data showed. As of 10:46 a.m., shares of SK hynix soared to a 52-week high of 97,000 won (US$83), [...]