Seoul, May 28 (IANS) South Korean stocks were trading more than 1 per cent lower late on Thursday as foreign investors unloaded local shares following a recent tech-led rally and news that the United States launched new strikes against Iran.The benchmark Korea Composite Stock Price Index (KOSPI) had fallen 84.32 points, or 1.02 percent, to 8,144.38 as of 11:20 a.m, reports Yonhap news agency.The index closed at a record high of 8,288.7 on Wednesday, extending its winning streak to the fourth con…
Latest Dow Jones Industrial Average News & Updates
Seoul, May 22 (IANS) South Korean stocks opened slightly higher on Friday following the previous session’s sharp rise, tracking overnight gains on Wall Street amid rising hopes for a diplomatic resolution to the conflict between the United States and Iran.After starting 0.74 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) trimmed earlier gains to edge up 2.71 points, or 0.03 percent, to 7,818,3 as of 9:15 a.m.Overnight, U.S. stocks advanced after Iran said the latest prop…
Seoul, May 21 (IANS) South Korean stocks opened markedly higher on Thursday on rising hopes for a possible peace deal between the United States and Iran, and an end to labor unrest at Samsung Electronics, triggering a buy-side sidecar.After starting 3.85 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) rose 277.42 points, or 5.27 percent, to 7,388.52 as of 9:30 a.m, reports Yonhap news agency.As stocks extended gains, a buy-side order in the KOSPI futures was suspended for…
Seoul, April 15 (IANS) Seoul shares soared more than 2 per cent on Wednesday to close above 6,000 points for the first time after the outbreak of the US-Iran conflict in late February. The Korean won rose against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 123.64 points, or 2.07 percent, to close at 6,091.39, after hitting an intraday high of 6,183.21, reports Yonhao news agency.Trading volume was heavy at 915.03 billion shares worth 31.37 trillion won (US$21.3 bil…
Seoul, April 15 (IANS) South Korea’s money supply rose for the fourth consecutive month in February, as increases in savings deposits offset a decline in certificates of deposit (CDs), central bank data showed on Wednesday.The country’s M2, a key gauge of the money supply, stood at an average of 4,114 trillion won ($2.79 trillion) in February, up 600 billion won from a month earlier, according to the preliminary data from the Bank of Korea (BOK), reports Yonhap News Agency.The figure rebounded i…
Seoul, April 10 (IANS) Seoul shares extended gains late on Friday morning, tracking overnight advances on Wall Street amid optimism over upcoming negotiations between the United States and Iran following their two-week ceasefire deal in the Middle East conflict.The benchmark Korea Composite Stock Price Index (KOSPI) rose 103.21 points, or 1.79 percent, to 5,881.22 as of 11:20 a.m.Overnight, the Dow Jones Industrial Average gained 0.58 percent, while the tech-heavy Nasdaq Composite advanced 0.83 …
Washington, March 25 (IANS) Oil markets swung sharply as investors weighed fears of a prolonged Middle East conflict against signs of possible diplomatic progress, with prices briefly topping $100 before retreating.Wall Street struggled for direction. Crude rose, bonds sold off, and stocks fell as conflicting signals emerged from Washington and the region, according to reporting by The Wall Street Journal.Front-month Brent crude climbed 4.6 per cent to $104.49 a barrel, while West Texas Intermed…
Washington, March 24 (IANS) Global markets rallied after President Donald Trump signalled a pause in strikes on Iran, but analysts warned that the underlying energy crisis remains unresolved.Stocks surged, and oil prices fell sharply after Trump said the United States was holding talks with Iran. The S&P 500 and Dow Jones Industrial Average both rose more than 1 percent, while Brent crude dropped below $100 a barrel, The Washington Post reported.The Wall Street Journal reported that markets …
Seoul, March 19 (IANS) South Korean shares traded nearly 2 per cent lower on Thursday on heightened market volatility sparked by escalating tensions in the Middle East and uncertainties surrounding the United States’ monetary policy direction, despite its rate freeze decision.The benchmark Korea Composite Stock Price Index (KOSPI) dropped 112.91 points, or 1.19 percent, to 5,812.12 as of 11:20 a.m.Overnight, the Dow Jones Industrial Average dipped 1.63 percent, while the tech-heavy Nasdaq Compos…
New Delhi, March 3 (IANS) US stock markets are set to open sharply lower on Tuesday, as rising tensions in the Middle East continue to shake investor confidence and push oil prices higher.Futures linked to the S&P 500 and the Dow Jones Industrial Average were down nearly 2 per cent in pre-market trade, while futures of the Nasdaq Composite fell around 2.5 per cent — indicating a weak start for Wall Street.The decline comes as tensions between the United States, Israel and Iran intensify.Con…