South Korean stocks advanced Monday to end their three-day losing streak. with construction and tech companies leading the rally, as the government's 50 trillion-won ($35 billion) liquidity support plan eased worries about growing credit crunch risks. The local currency ended nearly flat against the US dollar. The benchmark Korea Composite Stock Price Index rose 23.04 points, or 1.04 percent, to...

South Korean stocks got off to a strong start Monday, as US Federal Reserve officials' remarks raised hopes that the central bank may dial down the pace of interest rate increases. The benchmark Korea Composite Stock Price Index gained 35.60 points, or 1.61 percent, to 2,248.72 in the first 15 minutes of trading. While the market still widely predicts another 0.75 percentage point rate hike by ...

South Korean stocks opened slightly lower Friday as weak export data fanned concerns about an economic slowdown. The benchmark Korea Composite Stock Price Index had slipped 0.85 points, or 0.04 percent, to 2,217.24 points as of 9:15 a.m. South Korea's exports in the first 20 days of October contracted 5.5 percent from the previous year, indicating that monthly outbound shipments could decrease ...

SEJONG -- Financial policymakers on Thursday said banks' foreign currency liquidity conditions remain stable, but raised concerns that the weak won against the US dollar could undermine the asset soundness of financial firms. The remarks were made at a meeting with senior officials from the Finance Ministry, the Bank of Korea, the Financial Services Commission and the Financial Supervisory Servi...

South Korean stocks retreated for a second straight session Thursday, as investor sentiment worsened on concerns about aggressive rate hikes. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) declined 19.35 points, or 0.86 percent, to close at 2,218.09 points. Trading volume was moderate at about 1.1 billion shares worth some 8.1 trillion won (US...

South Korean stocks opened lower Thursday, taking a cue from overnight losses on Wall Street that stemmed from concerns about aggressive rate hikes. The benchmark Korea Composite Stock Price Index (KOSPI) had slipped 9.74 points, or 0.44 percent, to 2,227.7 points as of 9:16 a.m. Stocks got off to a weak start as investors expected further hikes in the policy interest rates at home and in major...

SoftBank-backed South Korean financial technology startup Qraft Technologies highlighted the role of artificial intelligence in equity asset allocation, as AI plays a complementary role to boost productivity and efficiency of human's tasks. An AI engine can pursue above-average returns with the capability to analyze massive amounts of financial data and discover relationships that humans hardly ...

South Korean stocks opened nearly flat Wednesday as investors took to the sidelines amid earnings reports and woes over aggressive rate hikes. The benchmark Korea Composite Stock Price Index (KOSPI) had inched up 0.49 points, or 0.02 percent, to 2,250.44 points as of 9:20 a.m. Auto and steel companies advanced, while chemical and financial shares declined. Market bellwether Samsung Electronics...

South Korean stocks ended sharply higher on Tuesday as institutions and foreigners picked up issues ahead of corporate earnings of major companies this week. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 30.24 points, or 1.36 percent, to close at 2,249.95 points. Trading volume was moderate at about 572.65 million shares worth some 7.13 ...

South Korean shares opened higher Tuesday, tracking rallies on Wall Street that jumped ahead of corporate earnings announcements by major firms this week. The benchmark Korea Composite Stock Price Index (KOSPI) rose 25.84 points, or 1.16 percent, to 2,245.55 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average rose 1.86 percent and the tech-heavy Nasdaq Composite jump...

South Korea's stock market advanced for a second consecutive session on Monday as investors went on the hunt for undervalued stocks. The Korean won fell against the US dollar. After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) added 7.16 points, or 0.32 percent, to close at 2,219.71 points. Trading volume was moderate at about 487 million shares worth some 6.4 trillio...

South Korean stocks opened steeply lower Monday as the recent plunge on Wall Street spooked local investors. The benchmark Korea Composite Stock Price Index (KOSPI) had dropped 29.1 points, or 1.32 percent, to 2,183.45 as of 9:17 a.m. On Friday, the Nasdaq Composite tumbled 3.08 percent and the Dow Jones Industrial Average fell 1.34 percent amid woes over higher inflation. The S&P 500 retreated...

South Korean stocks rebounded sharply Friday, as investors shook off hotter-than-expected US inflation data and bet price increases would soon peak. The local currency gained ground against the greenback. The benchmark Korea Composite Stock Price Index (KOSPI) added 49.68 points, or 2.3 percent, to end at 2,212.55. The index lost 20.29 points, or 0.9 percent, from last week's closing of 2,232.8...

South Korean stocks opened higher Friday, tracking an overnight surge on Wall Street as investors shook off hotter-than-expected inflation data and bet price increases would soon peak. The benchmark Korea Composite Stock Price Index (KOSPI) added 34.03 points, or 1.57 percent, to 2,196.90 in the first 15 minutes of trading. Overnight, Wall Street made a remarkable turnaround to close higher, af...

Samsung Electronics stocks were the most popular among senior officials serving as vice ministers or in higher positions for the Yoon Suk-yeol administration, according to a local data firm report released Thursday. According to Leaders Index, 67 out of 118 officials revealed in their financial disclosures that they were holding shares of either public or private companies, including stocks held...