Seoul shares closed higher on Tuesday, snapping a three-day losing streak, as individuals scooped up large-cap stocks amid concerns over the Federal Reserve's aggressive rate hikes and a global recession. The Korean won tumbled to an over 13-year low against the US dollar. After choppy trading, the Korea Composite Stock Price Index (KOSPI) rose 0.26 percent, or 6.34 points, to 2,410.02. Trading ...

Seoul stocks ended lower for a third consecutive session Monday on concerns over the Fed's aggressive rate hikes and a global economic recession. The Korean won tumbled to an over 13-year low against the US dollar. After choppy trading, the Korea Composite Stock Price Index (KOSPI) fell 0.24 percent, or 5.73 points, to 2,403.68. Trading volume was moderate at 346.4 million shares worth 6.13 tri...

Seoul stocks opened higher Monday on bargain hunting following a decline for two consecutive sessions amid concerns over the Fed's aggressive rate hikes and a global economic downturn. The benchmark Korea Composite Stock Price Index (KOSPI) rose 0.5 percent, or 11.98 points, to 2,421.39 as of 9:15 a.m. The KOSPI opened higher after falling 2.5 percent in the past two sessions as large-cap stock...

South Korean opened higher Friday, following a big drop in the previous session, amid lingering concerns over the US rate hikes and a global economic slowdown. The benchmark Korea Composite Stock Price Index (KOSPI) added 8.02 points, or 0.33 percent, to trade at 2,423.63 points as of 9:15 a.m. The index tumbled more than 2 percent Thursday, as investors were worried about the US Federal Reserv...

South Korean stocks fell more than 2 percent Thursday on deepening concerns over aggressive rate hikes by the US Federal Reserve. The Korean won slid to a 13-year low against the US dollar. The Korea Composite Stock Price Index (KOSPI) lost 56.44 points, or 2.28 percent, to close at 2,415.61. Trading volume was moderate at 563.43 million shares worth 8.15 trillion won ($6.12 billion), with decl...

South Korean stocks got off to a weak start Thursday, tracking overnight losses on Wall Street, on lingering concerns over the US Federal Reserve's aggressive policy tightening and a global economic slowdown. The benchmark Korea Composite Stock Price Index (KOSPI) lost 39.89 points, or 1.61 percent, to trade at 2,432.16 points as of 9:15 a.m. The stock market has lost steam in recent sessions, ...

The South Korean won fluctuated sharply Wednesday, reaching a 13-year intraday low at 1,352.3 won per US dollar in the onshore market before closing at 1,337.6, 0.68 percent stronger than the Tuesday’s close, as the dollar continued its rally and the euro pared losses later the day. The search for safe-haven assets like the dollar is still strong, as investors reassess the prospect for higher US...

South Korean stocks opened sharply lower Wednesday, tracking a continued drop on Wall Street that stemmed from concerns about the US Federal Reserve's aggressive policy tightening. The benchmark Korea Composite Stock Price Index (KOSPI) dropped 23.83 points, or 0.97 percent, to trade at 2,427.1 points as of 9:15 a.m. Stocks have been in a slump in the wake of the Fed chairman's reaffirmation in...

South Korean stocks finished higher Tuesday, as investors moved to buy beaten-down shares while digesting the possibility of the U.S. Federal Reserve keeping its aggressive monetary tightening stance. The Korea Composite Stock Price Index (KOSPI) rose 24.04 points, or 0.99 percent, to close at 2,450.93. Trading volume was rather slim at 327.21 million shares worth 6.69 trillion won ($4.97 billi...

South Korea's stock market opened higher Tuesday, as investors digested the possibility of the US Federal Reserve continuing its aggressive monetary tightening. The benchmark Korea Composite Stock Price Index (KOSPI) rose 16.05 points, or 0.66 percent, to trade at 2,442.94 as of 9:15 a.m. The market has faced renewed fears about aggressive rate hikes since last Friday when Fed Chair Jerome Powe...

South Korean stocks tumbled Monday as investors grappled with renewed concerns over the US central bank's aggressive monetary tightening. The Korean won dropped to its lowest level against the US dollar in 13 years. The Korea Composite Stock Price Index (KOSPI) dropped 54.14 points, or 2.18 percent, to close at 2,426.89, ending its three-day rise. Trading volume was moderate at 441.63 million s...

As Kospi, won tumble further, Seoul tries to downplay risks, while brokerages express heavy concerns

FSS clamps down on shorting stocks amid jumpy market

South Korea's stock market opened sharply down Monday, tracking Wall Street's rout last Friday after Federal Reserve Chair Jerome Powell reaffirmed the US central bank would continue its fight against four-decade high inflation. The benchmark Korea Composite Stock Price Index (KOSPI) dropped 57.55 points, or 2.32 percent, to trade at 2,423.48 as of 9:15 a.m. "Restoring price stability will like...

South Korea's stock market opened higher Friday as investors awaited the gathering of central bankers in the United States. The benchmark Korea Composite Stock Price Index (KOSPI) rose 9.82 points, or 0.4 percent, to trade at 2,487.08 as of 9:15 a.m. Investors will be closely looking for the clue into the pace and the scale of the US central bank's monetary tightening plan at the meeting in Jac...