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S. Korean Stocks Reach Record High of 2,304 Fueled by Foreign Buying

S. Korean Stocks Reach Record High of 2,304 Fueled by Foreign Buying

SEOUL, May 22 (Korea Bizwire) – South Korean shares breached the 2,300-point mark for the first time ever as foreign investors scooped up major tech stocks amid sound corporate earnings, bucking overnight gains on Wall Street, analysts said. The Korean won sharply rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) [...]

China-dependent Korean Exporters Worries over Economic Slowdown in China

China-dependent Korean Exporters Worries over Economic Slowdown in China

SEOUL, Aug. 24 (Korea Bizwire) — Fears of a slowdown in the Chinese economy sent shockwaves across global financial markets on Monday, leaving South Korean exporters jittery over their future performance as they rely heavily on the world’s second-largest economy, experts said. China’s Shanghai Composite Index tumbled 8.49 percent on Monday as investors dumped shares [...]