Seoul, April 13 (IANS) South Korean stocks traded lower on Monday as investor concerns grew over a prolonged conflict in the Middle East after the U.S.-Iran peace talks failed to make progress, while U.S. President Donald Trump threatened a blockade of the Strait of Hormuz.The benchmark Korea Composite Stock Price Index (KOSPI) fell 68.15 points, or 1.16 percent, to 5,790.72 as of 11:20 am (local time), reports Yonhap news agency.President Trump announced a blockade of Iranian ports following ma…
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Seoul, April 2 (IANS) South Korean stocks dropped over 3 per cent on Thursday morning after US President Donald Trump warned that the United States would strike Iran “extremely hard” over the next few weeks.The benchmark Korea Composite Stock Price Index (KOSPI) fell 197.1 points, or 3.6 percent, to 5,281.6 as of 11:20 a.m.The index opened more than 1 percent higher, tracking overnight gains on Wall Street, but turned negative after Trump’s remarks dashed hopes for a swift end to the monthlong c…
Seoul, March 31 (IANS) South Korean stocks traded lower late on Tuesday morning, led by heavy foreign sell-offs, as an escalating conflict in the Middle East heightened concerns about global oil supplies and broader economic impacts.The benchmark Korea Composite Stock Price Index (KOSPI) fell 89.14 points, or 1.69 percent, to 5,188.16 as of 11:20 a.m.The index opened about 3 percent lower and had been under downward pressure, though some of the earlier losses were erased, reports Yonhap news age…
Seoul, March 30 (IANS) South Korean stocks traded markedly lower on Monday, led by a decline in large-cap tech shares, as an intensifying conflict surrounding Iran deepened concerns about global oil supplies and market uncertainties.The benchmark Korea Composite Stock Price Index (KOSPI) fell 216.2 points, or 3.98 per cent, to 5,222.67 as of 11:20 a.m (Seoul time), reports Yonhap news agency.The index opened nearly 5 percent lower and had been under downward pressure due to heavy foreign selling…
Seoul, March 20 (IANS) South Korean shares trimmed earlier gains on Friday morning as big-cap tech shares turned lower on foreign sell-offs.The benchmark Korea Composite Stock Price Index (KOSPI) had added 26.43 points, or 0.46 percent, to 5,789.65 as of 11:20 a.m, reports Yonhap news agency.The KOSPI reduced earlier gains as foreigners dumped a net 1.26 trillion won (US$842 million). Retail investors and institutions purchased local shares worth 746.4 billion won and 524.8 billion won, respecti…