SEOUL, Nov. 6 (Korea Bizwire) — South Korea’s benchmark stock index is likely to move in a tight range next week, although volatility may increase due to policy uncertainties, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,969.27 points Friday, nearly unchanged from 2,970.68 points a week ago. The KOSPI fluctuated [...]
SEOUL, Oct. 30 (Korea Bizwire) — Seoul shares may fall further to 2,900 next week depending on upcoming global economic indicators and the Federal Reserve chairman’s possible comments on tighter monetary policy, analysts said Saturday. The Benchmark Korea Composite Stock Price Index (KOSPI) fell for a third straight day to end 1.3 percent lower at [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Korean stocks are likely to move in a tight box next week as investors weigh the potential impacts of the U.S. Federal Reserve’s tapering and hopes of strong corporate earnings, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 3,006.16 points Friday, down 0.3 [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korean stocks are likely to move in a tight range next week as investors weigh the outlook for third-quarter corporate earnings and the Federal Reserve’s signal over tapering of its timeline for stimulus, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 3,015.06 points [...]
SEOUL, Sept. 17 (Korea Bizwire) — Stock transactions in South Korea spiked more than 70 percent in 2020 amid an investment craze among retail investors, data showed Friday. The value of stock trading in Asia’s fourth-largest economy stood at 35,397.3 trillion won (US$30.2 trillion) last year, up 70.5 percent from a year earlier, according to [...]
SEOUL, Sept. 14 (Korea Bizwire) — Starting from next year, retail investors will be able to buy blue-chip stocks costing tens of thousands of won per share in decimal points not only from foreign stock exchanges but also at domestic ones. The Financial Services Commission (FSC), the nation’s top financial regulator, announced that it had [...]
SEOUL, Aug. 19 (Korea Bizwire) — South Korean retail investors have doubled their stake in Samsung Electronics Co. in eight months amid foreigners’ selling spree, data showed Thursday. Local individual investors had net-bought 394 million shares in the global tech behemoth as of Wednesday this year, or 6.6 percent of its outstanding shares, according to [...]
SEOUL, Aug. 12 (Korea Bizwire) — Shares in Samsung Electronics Co. and SK hynix Inc. — South Korea’s two largest chipmakers — plunged amid concerns of a slowdown in memory demand, analysts said Thursday. Samsung lost 1.9 percent to close at 77,000 won (US$66) on the Seoul bourse, the lowest since December 2020. SK hynix [...]
SEOUL, July 30 (Korea Bizwire) — Samsung Electronics Co., Apple Inc. and Kakao Corp. were the three most popular stocks bought by the MZ generation in the early half of this year, a survey said Thursday. Shinhan Investment Corp., one of South Korea’s major financial investment companies, conducted a survey of 400,000 investors who opened [...]
SEOUL, May 18 (Korea Bizwire) — South Korean retail investors buying foreign stocks have turned to net sellers of shares in electric vehicle leader Tesla Motors Inc. for the first time in the past 18 months. While Tesla’s share price has fallen this month, its CEO Elon Musk’s recent behavior has also risen as a [...]