Most Popular
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President Yoon Suk Yeol says will entrust state affairs to ruling party
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Motion to impeach Yoon Suk Yeol scrapped
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Bill to investigate Kim Keon Hee fails to pass
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[Breaking] Majority of ruling party lawmakers exit after vote on first lady probe
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[Breaking] Yoon to step back from state affairs, diplomacy: ruling party leader
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Uncertainty looms over Yoon's plans to delegate power to party
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Singing K-pop, chanting slogans, masses fill Seoul streets for and against impeachment
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Ex-Defense Minister arrested for insurrection, abuse of authority
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[Exclusive] Capital Defense Command meant to protect Seoul was strong choice to detain top lawmakers: source
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Can Yoon be suspended without impeachment?
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Seoul shares up for 2nd day amid Trump effect
Seoul shares closed slightly higher Tuesday as traders were trying to digest the effect of Donald Trump's possible victory in the US presidential election on the market. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 5.17 points, or 0.18 percent, to close at 2,866.09. Trade volume was slightly heavy at 667.5 million shares worth 12.4 trillion won ($8.95 billion), with losers outnumbering winners 498 to 356. Foreign investors and instituti
July 16, 2024
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Crypto exchanges step up compliance as investor protection law takes effect
Local cryptocurrency exchange operators are ramping up their regulatory measures as the introduction of the virtual asset user protection law nears in South Korea. On Tuesday, the Digital Asset Exchange Alliance, a body of five top local crypto exchange operators, introduced a guideline that advises exchanges to monitor abnormal transactions. It further released a revision of the guideline on the internal control standards of the exchange operators. The movement comes as the Act on the Protectio
July 16, 2024
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Seoul shares open higher on US gains
Seoul shares opened higher Tuesday, tracking overnight gains on Wall Street buoyed by expectations for Donald Trump's victory in the US presidential election. The benchmark Korea Composite Stock Price Index rose 6.95 points, or 0.24 percent, to 2,867.87 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average jumped 0.53 percent to hit a fresh high, while the S&P 500 and Nasdaq composite rose 0.28 percent and 0.4 percent, respectively, following an assassination a
July 16, 2024
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Seoul shares end higher as investors assess Trump shooting
Seoul shares closed slightly higher Monday as investors digested the aftermath of the assassination attempt of former US President Donald Trump over the weekend. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 3.92 points, or 0.14 percent, to 2,860.92. Trade volume was moderate at 418 million shares worth 12 trillion won ($8.67 billion), with gainers outnumbering losers 491 to 381. Foreigners sold a net 80.7 billion won, while individuals offlo
July 15, 2024
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Seoul shares open nearly flat amid US rate cut hopes
Seoul shares opened nearly flat Monday as investors continued to cash in profits amid expectations over a rate cut by the Federal Reserve in September on the back of eased inflation. The benchmark Korea Composite Stock Price Index edged up 0.03 point to stand steady at 2,857.03 in the first 15 minutes of trading. On Friday, all three major US indexes gained ground amid growing hopes for the Fed's rate cut this year. In Seoul, top tech giant Samsung Electronics remained unchanged, while No.
July 15, 2024
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Seoul shares snap 3-day rise on profit-taking
Seoul shares closed lower Friday, snapping a rise for three consecutive sessions, as investors cashed in profits after the US market finished bearish despite slowing inflation data. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 34.35 points, or 1.19 percent, to 2,857. Trade volume was heavy at 399 million shares worth 13.7 trillion won ($9.93 billion), with losers outnumbering gainers 430 to 426. Foreigners sold a net 549 billion won, while i
July 12, 2024
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Seoul shares open lower as US tech shares tumble
Seoul shares opened lower Friday, tracking overnight losses on Wall Street after investors cashed in profits from major tech shares despite signs of cooling US inflation. The benchmark Korea Composite Stock Price Index shed 23.8 points, or 0.82 percent, to 2,867.55 in the first 15 minutes of trading. Overnight, the tech-heavy Nasdaq Composite plunged 1.95 percent, and the S&P 500 dipped 0.88 percent. The Dow Jones Industrial Average, on the other hand, increased 0.08 percent. The US inflatio
July 12, 2024
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Seoul shares up for 3rd day ahead of US inflation data
Seoul shares closed higher Thursday to extend their winning streak to a third day as investors also wait for the US inflation data. The local currency gained against the US dollar. The benchmark Korea Composite Stock Price Index gained 23.36 points, or 0.81 percent, to 2,891.35. Trade volume was moderate at 453 million shares worth 14.4 trillion won ($10.4 billion), with gainers outnumbering losers 438 to 414. Foreigners bought a net 606 billion won, while individuals sold a net 351 billion won.
July 11, 2024
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Seoul shares open higher on Powell's comments
Seoul shares opened higher Thursday as Wall Street rallied after Federal Reserve Chairman Jerome Powell said the central bank will not wait until inflation "gets all the way down to 2 percent" for a rate cut. The benchmark Korea Composite Stock Price Index jumped 27.35 points, or 0.95 percent, to 2,895.29 in the first 15 minutes of trading. Overnight, the tech-heavy Nasdaq Composite and the S&P 500 rose to record highs. The Dow Jones Industrial Average also increased 1.09 percent.
July 11, 2024
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Seoul shares close nearly flat ahead of US inflation data
Seoul shares closed nearly flat Wednesday as investors sat on the sidelines ahead of the release of the latest US inflation data that may give more clues on future rate directions. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index inched up 0.61 points, or 0.02 percent, to 2,867.99. Trade volume was moderate at 459 million shares worth 11.2 trillion won ($8 billion), with losers outnumbering gainers 432 to 423. Foreigners sold a net 599 billion won, w
July 10, 2024
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Seoul shares open lower as Powell withholds hints on rate cuts
Seoul shares opened lower Wednesday, as investors sat on the sidelines after Federal Reserve Chairman Jerome Powell fell short of offering more details on the path of the Fed's rate policy. The benchmark Korea Composite Stock Price Index fell 5.96 points, or 0.21 percent, to 2,861.42 in the first 15 minutes of trading. Overnight, the tech-heavy Nasdaq composite and the S&P 500 rose to record highs, although the Dow Jones Industrial Average edged down 0.13 percent. During his congression
July 10, 2024
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Seoul shares close higher ahead of Fed chairman's testimony
Seoul shares closed slightly higher Tuesday as investors awaited a congressional testimony by Federal Reserve Chairman Jerome Powell this week. The local currency gained against the US dollar. The benchmark Korea Composite Stock Price Index added 9.62 points, or 0.34 percent, to 2,867.38. Trade volume was moderate at 443.2 million shares worth 10.8 trillion won ($7.83 billion), with gainers outnumbering losers 453 to 406. Foreigners bought a net 313 billion won, while individuals offloaded a net
July 9, 2024
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Trump's return would fuel volatility for Korea
South Korea’s financial market would likely face higher volatility if former US President Donald Trump were to return to the White House, as he would trigger another push for deglobalization, local brokerage house KB Securities’ research chief said Tuesday. “If Trump wins the upcoming presidential election, volatility in the Korean economy and financial market is likely to escalate, along with the potential acceleration of deglobalization,” Kim Sang-hoon, head of research
July 9, 2024
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Seoul shares open higher tracking Wall Street
Seoul shares opened higher Tuesday, tracking overnight gains on Wall Street buoyed by technology shares. The benchmark Korea Composite Stock Price Index gained 10 points, or 0.35 percent, to 2,867.76 in the first 15 minutes of trading. Overnight, the tech-heavy Nasdaq composite and the S&P 500 rose to hit record highs as investors scooped up technology shares, including Apple and Nvidia. Investors have been waiting for Federal Reserve Chairman Jerome Powell's congressional testimony and
July 9, 2024
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Seoul shares end 3-day winning streak on profit-taking
Seoul shares closed lower to snap their three-day rise Monday as investors moved to lock in profits. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 4.47 points, or 0.16 percent, to 2,857.76. Trade volume was moderate at 420.2 million shares worth 9.8 trillion won ($7.1 billion), with gainers outnumbering losers 518 to 344. The Kospi declined as retail investors and institutions sold shares worth 184.2 billion won and 347.6 billion won, respect
July 8, 2024
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Seoul shares open tad higher on US rate-cut hopes
Seoul shares opened slightly higher Monday as last week's US jobs data buoyed hopes the Federal Reserve will start cutting its rates this year. The benchmark Korea Composite Stock Price Index gained 2.23 points, or 0.08 percent, to 2,864.46 in the first 15 minutes of trading. On Friday, Wall Street closed higher as data showed US hiring moderated in June, bolstering expectations the Fed's policy pivot would start in September. The eyes of investors are now on Fed Chairman Jerome Powell
July 8, 2024
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Seoul shares open higher ahead of US jobs data
Seoul shares opened higher Friday as investors await US jobs data this week for clues on the Federal Reserve's future policy path. The benchmark Korea Composite Stock Price Index gained 15.66 points, or 0.55 percent, to 2,840.60 in the first 15 minutes of trading. Institutions and foreigners bought a combined 358 billion won ($260 million) worth of stocks, offsetting individuals' stock selling valued at 352 billion won. The US jobs report due Friday is forecast to show slowing job grow
July 5, 2024
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Value-up Program optimism brings Kospi to two-year high
South Korean shares hit the highest level in nearly two and half years on Thursday, with much-awaited tax incentive plans for the Korean government’s program to boost the stock market taking shape. The benchmark Kospi rose 1.11 percent to close at 2,824.94, reaching the highest since January in 2022. Institutional and foreign investors were net buyers of shares worth 1.11 trillion won ($803.8 million) and 321.5 billion won, respectively, while retail investors sold off 1.41 billion of sh
July 4, 2024
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Seoul shares rise over 1 pct on rate-cut hope
South Korean stocks finished more than 1 percent higher to hit this year's high Thursday as investor sentiment was boosted by revived hopes for a rate cut in the United States and Samsung Electronics' upcoming earnings guidance. The benchmark Korea Composite Stock Price Index added 30.93 points, or 1.11 percent, to 2,824.94. It marked the highest closing price since Jan. 21, 2022, when it finished at 2,834.29. Trade volume was slim at 386.4 million shares worth 12.8 trillion won ($9.26
July 4, 2024
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Seoul shares open higher on US gains
South Korean stocks got off to a strong start Thursday, tracking overnight gains on Wall Street led by hopes for a possible rate hike. The benchmark Korea Composite Stock Price Index gained 23.37 points, or 0.84 percent, to 2,817.38 in the first 15 minutes of trading. In the United States, the S&P 500 index and tech-heavy Nasdaq composite rose to hit record highs backed by Tesla and Nvidia amid softening labor data raising hopes for a rate cut by the Federal Reserve. In Seoul, market bellwet
July 4, 2024