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South Korean President Yoon Suk Yeol declares martial law
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President Yoon Suk Yeol declares end to martial law after six-hour chaos
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'Is this happening in 2024?' South Koreans in panic, disbelief
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Opposition parties submit motion to impeach President Yoon Suk Yeol
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South Korea faces unprecedented turmoil in aftermath of Yoon's martial law
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Ruling party leader denounces Yoon's declaration of emergency martial law
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What unfolded on Tuesday night in Seoul: A timeline
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South Korea sees first martial law in over 40 years
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Assembly passes motion to revoke martial law
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Why did President Yoon Suk Yeol resort to martial law?
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[Herald Interview] For US overnight stockbroker Blue Ocean, golden hour falls on Sunday 8 p.m.
For Blue Ocean ATS, a broker platform that facilitates overnight trading for the US stock market, Sunday night is the peak trading hour as South Korean investors flock to execute orders before the US day trading begins. “Sunday night is our biggest night when it is Monday morning for the Asian investors and Korean investors. They start trading at 8 p.m. when traditional exchanges here in the US do not open until 9:30 a.m. on Monday,” Brian Hyndman, president and CEO at Blue Ocean Tec
May 16, 2024
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Seoul shares start sharply higher on hopes for US rate cut
South Korean stocks got off to a strong start Thursday on hopes for the US Federal Reserve's possible rate cut after slower-than-expected inflation in the world's largest economy. The benchmark Korea Composite Stock Price Index gained 35.69 points, or 1.31 percent, to 2,766.03 in the first 15 minutes of trading. Overnight, the US stock market closed at record highs, with the Dow Jones Industrial Average rising 0.88 percent and the tech-heavy Nasdaq composite jumping 1.4 percent. The la
May 16, 2024
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[Contribution] Where to invest your time -- career or investing
By Steve Brice From a very young age, we are taught that if you want to get better at something, then you need to expend time and effort to learn the necessary skills. We are also taught that you should focus on areas that you are going to make the biggest impact. When it comes to maximizing your financial position in life, the best way is to focus on your career and adopt a simple approach to investing i.e. regularly invest into a diversified portfolio regardless of what videos you see on TikTo
May 15, 2024
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Seoul shares end tad higher ahead of US inflation data
South Korean stocks ended slightly higher Tuesday as investors took a wait-and-see stance ahead of US inflation data expected to affect the US Federal Reserve's rate-setting decision. The Korean won dropped against the US greenback. The benchmark Korea Composite Stock Price Index went up 3.13 points, or 0.11 percent, to 2,730.34. Trade volume was slim at 436.6 million shares worth 9.3 trillion won ($6.79 billion), with gainers outpacing decliners 526 to 342. Foreign investors and institutio
May 14, 2024
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Seoul shares open almost flat ahead of US inflation data
South Korean stocks opened almost flat Tuesday as investors awaited a key US inflation report set to be released later this week. The benchmark Korea Composite Stock Price Index gained 0.51 point, or 0.02 percent, to 2,727.72 in the first 15 minutes of trading. Overnight, the S&P 500 closed almost flat, while the Dow Jones Industrial Average fell 0.2 percent. The tech-heavy Nasdaq composite gained 0.3 percent. Investors' eyes are on the US Consumer Price Index data for April due out Wed
May 14, 2024
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Seoul shares almost flat ahead of US inflation data
South Korean stocks ended almost flat Monday as investors were cautious ahead of the release of US inflation data set to be released later this week. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 0.42 point, or 0.02 percent, to 2,727.21. Trade volume was slightly heavy at 614.2 million shares worth 12.9 trillion won ($9.4 billion), with losers outpacing winners 481 to 380. Last week, the Dow Jones Industrial Average gained ground for the fourth c
May 13, 2024
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Seoul shares open higher amid mixed signals for US rate cut
South Korean stocks opened higher Monday while investors remained watchful over mixed signals for the US Federal Reserve's future monetary policy. The benchmark Korea Composite Stock Price Index rose 9.42 points, or 0.35 percent, to 2,737.05 in the first 15 minutes of trading. Last week, the Dow Jones Industrial Average gained ground for the fourth consecutive week, and the S&P 500 and the tech-heavy Nasdaq posted increases for the third straight week. But on Friday, Wall Street closed
May 13, 2024
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Seoul shares end higher on rate-cut hopes after jobs data
Seoul shares ended higher Friday after the latest jobs data supported the case for US rate cuts this year. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 15.49 points, or 0.57 percent, to close at 2,727.63. The main index has risen 1.9 percent this week. Trading volume was moderate at 568.36 million shares worth 11.07 trillion won ($8.09 billion), with gainers outpacing losers 489 to 365. The number of US unemployment claims jumped last week to th
May 10, 2024
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Seoul shares open higher on Fed's rate-cut hopes
Seoul shares opened higher Friday, tracking gains on Wall Street, after weekly US jobless claims data offered fresh hope for the Federal Reserve's rate cuts this year. The benchmark Korea Composite Stock Price Index rose 28.15 points, or 1.04 percent, to 2,740.29 in the first 15 minutes of trading. The number of US jobless claims jumped last week to the highest level in more than eight months, renewing hopes for the Fed's rate cuts. Overnight, the Dow Jones Industrial Average increased
May 10, 2024
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Seoul shares dip over 1% amid US rate uncertainties
South Korean shares declined by more than 1 percent Thursday as investors remained concerned over the future course of the US key rates ahead of the release of inflation data next week. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 32.91 points, or 1.2 percent, to close at 2,712.14. Trading volume was moderate at 413 million shares worth 10.9 trillion won ($7.95 billion), with losers outpacing gainers 531 to 355. Foreign investors offloaded a
May 9, 2024
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Seoul shares open flat ahead of US inflation data
South Korean shares opened nearly flat Thursday as investors sat on the sidelines ahead of the release of the U.S. consumer price index next week. The benchmark Korea Composite Stock Price Index edged down 1.9 points, or 0.07 percent, to 2,743.15 in the first 15 minutes of trading. Investors remained cautious ahead of the release of the U.S. inflation data amid a mixed forecast over the future course of the Federal Reserve's key rates. Federal Reserve Bank of Boston President Susan Collins
May 9, 2024
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Seoul shares up for 2nd day amid US rate cut concerns
Seoul shares ended higher Wednesday as investors remain watchful over whether the US Federal Reserve will slash key rates this year. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 10.69 points, or 0.39 percent, to close at 2,745.05. Trading volume was moderate at 424.75 million shares worth 10.09 trillion won ($7.4 billion), with winners outpacing losers 575 to 280. Institutions and foreigners bought a combined 434.7 billion won worth of stocks, o
May 8, 2024
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Seoul shares open higher on institutional buying
Seoul shares opened higher Wednesday on institutional buying, with investors staying watchful on whether the US Federal Reserve will slash key rates this year. The benchmark Korea Composite Stock Price Index rose 3.65 points, or 0.13 percent, to 2,738.01 in the first 15 minutes of trading. Overnight, US stocks ended nearly flat. The Dow Jones Industrial Average inched up 0.08 percent at 38,884.26, and the tech-heavy Nasdaq fell 0.1 percent to 16,332.56. Institutions and individuals bought a comb
May 8, 2024
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Seoul shares soar over 2% on looming hopes for US rate cuts
South Korean shares shot up over 2 percent Tuesday as investors were buoyed by growing hopes that the U.S. Federal Reserve may carry out rate cuts this year. The local currency gained against the U.S. dollar. The benchmark Korea Composite Stock Price Index jumped 57.73 points, or 2.16 percent, to close at 2,734.36. Trading volume was moderate at 523 million shares worth 10.9 trillion won ($8 billion), with winners outpacing losers 582 to 285. Investor sentiment was boosted by growing hope that t
May 7, 2024
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Seoul shares open higher on US rate cut hopes
South Korean shares opened higher Tuesday, tracking overnight gains on Wall Street, as investors were buoyed by looming hopes that the US Federal Reserve may slash key rates this year. The benchmark Korea Composite Stock Price Index added 49.32 points, or 1.84 percent, to 2,725.95 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average closed 0.46 percent higher, and the tech heavy Nasdaq rose 1.19 percent. The S&P 500 gained 1.03 percent In Seoul, top tech giant Sams
May 7, 2024
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Seoul shares close lower ahead of US employment data
South Korean shares closed slightly lower Friday as investors took to the side ahead of US employment data. The local currency rebounded against the US dollar. The benchmark Korea Composite Stock Price Index shed 7.02 points, or 0.26 percent, to close at 2,676.63. Trading volume was slim at 329.8 million shares worth 7.7 trillion won ($5.65 billion), with losers outnumbering gainers 477 to 390. The index had opened higher, tracking overnight gains on Wall Street that followed dovish remarks from
May 3, 2024
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Seoul shares open higher on Wall Street gains
South Korean shares opened higher Friday, tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index added 14.63 points, or 0.55 percent, to 2,698.28 in the first 15 minutes of trading. The Dow Jones Industrial Average closed 0.85 percent higher Thursday, while the Nasdaq rose 1.51 percent on dovish remarks from US Federal Reserve Chair Jerome Powell suggesting there will unlikely be a rate hike in the near future. In Seoul, most large caps were in positive terrain.
May 3, 2024
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Seoul shares snap 3-day rise after FOMC decision
South Korean stocks fell slightly Thursday following the US Federal Reserve's decision to hold the key rate flat. The Korean won rebounded against the US dollar. The benchmark Korea Composite Stock Price Index lost 8.41 points, or 0.31 percent, to 2,683.65, ending the three-session winning streak that started last Friday. Trade volume was slim at 342.7 million shares worth 8.9 trillion won ($6.5 billion). Decliners outnumbered gainers 513 to 357. Individual and foreign investors bought a ne
May 2, 2024
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Global X Canada debuts as Mirae Asset aims unified global ETF brand
Mirae Asset Global Investments announced Thursday that its Canadian exchange-traded fund subsidiary, Horizons ETFs, is rebranded as Global X Canada, aligning with an integrative strategy of its global ETF offerings under the unified brand, Global X. Since being acquired by Mirae Asset Global Investments in 2011, the Canadian ETF firm has witnessed substantial growth in assets under management. AUM have escalated by 963 percent, growing from approximately 3 billion Canadian dollars ($2.2 billio
May 2, 2024
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Seoul shares open lower on Fed's rate freeze
South Korean stocks started lower Thursday following the US Federal Reserve's rate-freeze decision. The benchmark Korea Composite Stock Price Index lost 7.6 points, or 0.28 percent, to 2,684.46 in the first 15 minutes of trading. On Wall Street, US stocks closed mixed after the central bank held the key interest rate flat and signaled a future rate cut, citing volatile inflation. The Dow Jones Industrial Average rose 0.23 percent, and the Nasdaq Composite dropped 0.33 percent. In Seoul, chi
May 2, 2024