Seoul, July 8 (IANS) South Korea’s exports of biopharmaceutical products are expected to post the highest level on record in the first quarter this year, government data showed on Wednesday.The product category’s estimated exports for the first six months of the year was $4.5 billion, up 15.3 percent, according to the Ministry of Food and Drug Safety, reports Yonhap news agency.They accounted for 86.5 percent of all pharmaceutical exports of $5.2 billion in the first half.Biopharmaceutical expor…
Latest Dow Jones Industrial Average News & Updates
Seoul, July 3 (IANS) Seoul stocks traded higher late on Friday morning in choppy trading as investors snapped up bargain-priced semiconductor shares following the previous session’s sharp sell-off.After opening 1.2 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) extended its gains, rising 163.52 points, or 2.11 percent, to 7,809.61 as of 11:20 am, reports Yonhap news agency.The index plunged 7.89 percent the previous session, dragged by a heavy sell-off in Samsung Electro…
Seoul, June 30 (IANS) The government plans to lower the resource security crisis warning for crude oil by a notch to Level 2, the vice industry minister said on Tuesday, following the stabilisation of global oil prices amid progress in peace talks between the United States and Iran.Vice Industry Minister Moon Shin-hak made the remark during a Cabinet meeting held at the presidential office, adding the alert for natural gas will be fully lifted as well, reports Yonhap news agency.South Korea oper…
Seoul, June 11 (IANS) South Korean stocks were trading lower on Thursday morning amid continuing volatility surrounding major technology shares and concerns over escalating tensions between the United States and Iran.After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) had fallen 124.91 points, or 1.62 percent, to 7,605.91 as of 11:20 a.m. The index had started nearly 3 percent lower, reports Yonhap news agency.Overnight, the Dow Jones Industrial Average closed 1.87 perc…
Seoul, June 10 (IANS) South Korean stocks started sharply lower on Wednesday on news that the United States has launched new strikes on Iran and overnight tech losses on Wall Street.After opening 2.43 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) shed 125.98 points, or 1.56 percent, to 7,970.95 in the first 15 minutes of trading, reports Yonhap news agency.The U.S. has struck Iran in response to the shooting down of an American Apache helicopter in the Strait of Hormuz, …
Seoul, June 8 (IANS) South Korean stocks were trading more than 6 per cent lower late on Monday as investors dumped market heavyweights amid a tech slump sparked by a US chip slide and concerns over a possible hawkish pivot of the US Federal Reserve. The local currency was trading sharply lower against the US dollar after opening at a 17-year low.After falling nearly 9 percent, the benchmark Korea Composite Stock Price Index (KOSPI) had plunged 492.8 points, or 6.04 percent, to 7,667.79 as of 11…
Seoul, June 5 (IANS) Seoul shares traded nearly 4 per cent lower on Friday as investors locked in profits from a recent tech-led rally while monitoring uncertainty over US-Iran peace negotiations.After opening 3.44 percent lower, the Korea Composite Stock Price Index (KOSPI) lost 334.97 points, or 3.88 percent, to 8,304.44 as of 11:20 a.m., recovering some of its earlier losses after plunging as much as 6.88 percent.The Korea Exchange suspended program trading for the KOSPI for five minutes at a…
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…
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…