Seoul stocks opened sharply lower Tuesday as investors weigh the fallout from the collapse of two US banks and uncertainties over the Federal Reserve's monetary tightening. The benchmark Korea Composite Stock Price Index shed 36.51 points, or 1.51 percent, to 2,374.09 in the first 15 minutes of trading. The failures of Silicon Valley Bank, the largest shutdown of a US bank since the 2008 financ...

Despite rate hikes, investor bets big on stable returns of middle-market properties in US

Seoul stocks opened slightly lower Monday, as investors brace for the fallout from the Silicon Valley Bank's collapse amid woes over the Federal Reserve's monetary tightening. The benchmark Korea Composite Stock Price Index shed 3.79 points, or 0.16 percent, to 2,390.8 points in the first 15 minutes of trading. The market got off to a lackluster start after the Dow Jones Industrial Average clos...

After monthlong feud, Kakao, Hybe, SM agree to join hands for growth of K-pop

Seoul stocks opened lower Friday, following overnight Wall Street losses amid growing fears over faster rate hikes by the Federal Reserve. The benchmark Korea Composite Stock Price Index shed 25.35 points, or 1.05 percent, to 2,393.74 in the first 15 minutes of trading. Overnight, Wall Street closed sharply down after jobless claims showed that the US labor market is still resilient, casting un...

Seoul stocks closed lower for a second straight session Thursday on heavy sell-offs by foreign investors and renewed fears the Federal Reserve will accelerate its pace of rate increases. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index closed down 12.82 points, or 0.53 percent, to 2,419.09. Trading volume was moderate at 465.3 million shares worth 10.2 t...

Seoul stocks opened higher Thursday amid woes over faster rate hikes by the Federal Reserve. The benchmark Korea Composite Stock Price Index added 7.79 points, or 0.32 percent, to 2,439.7 in the first 16 minutes of trading. After his hawkish stance a day before, Fed Chair Jerome Powell said Wednesday that no decision has been made on the pace of the Fed's rate hikes. US stocks wavered, with Wa...

South Korean stocks opened sharply lower Wednesday on renewed fears over further sharp rate hikes after the Fed chief's hawkish comments. The benchmark Korea Composite Stock Price Index was down 28.76 points, or 1.17 percent, to 2,434.59 in the first 15 minutes of trading. Federal Reserve Chair Jerome Powell cautioned Tuesday that "The ultimate level of interest rates is likely to be higher tha...

A year after W50b merger, KB Valbury Sekuritas bets big to lure digital-savvy young customers

Mastern America, the US arm of Mastern Investment Management, said Tuesday it has signed a strategic alliance agreement with New York-based property tech firm Koriny to expand its presence in US middle market properties. Under the partnership, Mastern hopes to offer investors a chance to invest in the US middle market, which refers to a market for office, retail, industrial properties with a mar...

South Korean stocks opened lower Tuesday, trailing behind lackluster trading on Wall Street, as investors brace for Federal Reserve Chair Jerome Powell's testimony this week. The benchmark Korea Composite Stock Price Index was down 1.9 points, or 0.08 percent, to 2,460.72 points in the first 15 minutes of trading. Federal Reserve Bank of San Francisco President Mary Daly said Saturday that "the...

Seoul stocks closed over 1 percent higher Monday to extend their winning streak to a fourth day on advances in chips, batteries and tech, as the US Federal Reserve may slow down its monetary tightening. The local currency rose against the US dollar for the fourth session. The benchmark Korea Composite Stock Price Index rose 30.55 points, or 1.26 percent, to a close at 2,462.62 points. Trading v...

South Korean stocks opened a tad higher Monday as investors wait for the Federal Reserve chief's remarks on the US economy and clues on future monetary policy. The benchmark Korea Composite Stock Price Index rose 9.63 points, or 0.4 percent, to 2,441.7 in the first 15 minutes of trading. US stocks had ended the week on a higher note on speculations the Fed could slow down the pace of rate hikes...

South Korean stocks closed marginally higher Friday, on growing hopes that the US Federal Reserve could go for smaller interest rate hikes despite data showing a resilient economy. The local currency gained sharply against the US dollar. The benchmark Korea Composite Stock Price Index added 4.22 points, or 0.17 percent, to finish at 2,432.07. Trading volume was moderate at 363.8 million shares w...

South Korean stocks opened marginally higher Friday, on growing hopes that the US Federal Reserve may not raise the interest rates as aggressively as expected. The benchmark Korea Composite Stock Price Index rose 5.75 points, or 0.24 percent, to 2,433.6 in the first 15 minutes of trading. Federal Reserve Bank of Atlanta President Raphael Bostic said Thursday that he believes the Fed should go "...