Seoul, Jan 25 (IANS) Foreign ownership of South Korean stocks as a share of total market capitalisation reached its highest level in five years and nine months in January, driven by net purchases in the shipbuilding, defence and nuclear power industries, the main bourse operator said on Sunday.Foreigners’ stock holdings rose to 37.18 per cent of total market capitalisation on January 7, the highest level since April 9, 2020, when the rate was at 37.34 percent, according to data from the Korea Ex…
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Seoul, Jan 16 (IANS) South Korean stocks ended at a fresh record high above 4,800 points on Friday, extending their rally to an 11th consecutive session amid continued buying momentum in semiconductor shares. The local currency fell against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 43.19 points, or 0.9 per cent, to finish at a record 4,840.74, reports Yonhap news agency.Before closing, the index touched an intraday record of 4,863.82 at 3:22 p.m.It marked the 11t…
