SEOUL, Feb. 11 (Korea Bizwire) — Foreign investors raked in bio and chemical shares while dumping chip and auto stocks during the past two weeks of adjustment, putting the key stock index in a tight band. The benchmark Korea Composite Stock Price Index (KOSPI) has been in a lengthy adjustment period since Jan. 26, after [...]
SEOUL, Feb. 8 (Korea Bizwire) — South Korean retail investors have bet big on global tech giant Samsung Electronics this year, but their investments have failed to pay off due to a recent pullback in its share price, data showed Monday. Local individual investors have purchased a net 13.4 trillion won (US$11.9 billion) worth of [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korean retail investors snapped up a net 25.8 trillion won (US$23 billion) worth of local stocks in January alone, data showed Sunday, in the latest sign of their relentless buying spree. Individual investors bought a net 22.3 trillion won worth of stocks in the main market and a [...]
SEOUL, Dec. 28 (Korea Bizwire) — South Korean retail investors have loaded up on shares in top-cap Samsung Electronics Co. this year, reaping a huge return on their investments, data showed Monday. Local individual investors had bought a net 14.7 trillion won (US$13.3 billion) worth of common and preferred shares in the global tech giant [...]
MONTREAL, Sept. 22 (Korea Bizwire) – Komet Resources Inc. (“Komet” or the “Corporation”) (TSX-V : KMT) is pleased to announce that it has granted options (“Options”) under the Corporation’s Stock Option Plan. A total of 2,400,000 Options to purchase common share of the Corporation (“Common Shares”) were granted to directors and members of senior management of the Corporation at an [...]
SEOUL, Sept. 9 (Korea Bizwire) — Electric vehicle leader Tesla Motors Inc. has been South Korean investors’ most-bought issue among foreign shares since July amid an overseas stock buying craze here, data showed Wednesday. Domestic investors bought a net US$1.56 trillion won worth of Tesla shares between July 1 and Tuesday, according to the data [...]
SEOUL, Sept. 7 (Korea Bizwire) — Foreign investors turned net sellers of South Korean stocks in August with their stock ownership hitting a four-year low, the financial regulator said Monday. Offshore investors sold a net 1.07 trillion won (US$900 million) of local shares last month, a turnaround from net buying a month earlier, according to [...]
HONG KONG, CHINA, Aug. 27 (Korea Bizwire) - It’s been called the holy grail of finance. Is it possible to harness the promise of artificial intelligence to make money trading stocks? Many have tried with varying degrees of success. For example, BlackRock, the world’s largest money manager, has said its Artificial Intelligence (AI) algorithms have consistently beaten [...]
SEOUL, Aug. 8 (Korea Bizwire) — Shares in Hyundai Motor Co. are set to further build up gains after a climb for five consecutive sessions on expectations that its new models set to debut in the United States later this year will help improve sales, analysts said. Hyundai shares jumped 16 percent in the first [...]
SEOUL, July 18 (Korea Bizwire) — SK Biopharmaceuticals Co. Ltd., a unit of South Korean conglomerate SK Group, is likely to be added to the list of 200 major stocks listed on the main bourse in September, as its market capitalization has run high for a certain period after its market debut, industry sources said [...]