Canberra, July 18 (IANS) The rapid growth of India’s defence production and exports is opening new avenues for countries seeking to diversify their strategic partnerships. India’s ability to manufacture affordable arms and ammunition makes it an attractive partner for developing economies. For Australia, which is balancing fiscal pressures with capability requirements, collaboration through joint production with India’s defence sector is “real and worth pursuing”.While Prime Minister Narendr…
Latest Hanwha Aerospace News & Updates
Seoul, July 13 (IANS) Seoul shares plunged 9 per cent on Monday as investors dumped technology stocks for profit-taking amid renewed tensions in the Middle East. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) fell 669.01 points, or 8.95 percent, to close at 6,806.93 after falling as low as 6,783.43, reports Yonhap news agency.Trade volume was moderate at 469.86 million shares worth 39.8 trillion won (US$26.5 billion), with decliners far outnumbe…
Seoul, July 13 (IANS) Seoul shares extended losses late on Monday morning, led by falls in chipmakers, bucking gains on Wall Street, as renewed tensions in the Middle East weighed on investor sentiment.After opening 0.85 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) extended losses, falling 392.53 points, or 5.25 percent, to 7,083.41 as of 11:20 am, reports Yonhap news agency.The decline came as the United States and Iran exchanged fresh strikes over the status of the St…
Seoul, July 9 (IANS) Seoul shares trimmed earlier gains late Thursday morning on retail selling, though institutions and foreigners bought bargain-priced chip stocks following the recent massive sell-off.After opening 3.3 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) erased its earlier gains and moved up 150.61 points, or 2.08 percent from the day before, to 7,397.40 as of 11:20 am, reports Yonhap news agency.Despite the gains, investors remain concerned about renewed g…
Seoul, July 7 (IANS) South Korea’s bourse operator on Tuesday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) after the index tumbled sharply.Program trading for the KOSPI was suspended for five minutes at around 10:23 am, according to the Korea Exchange (KRX), reports Yonhap News Agency.The KOSPI came under heavy selling pressure as investors locked in profits after Samsung Electronics Co. released its preliminary second-quarter earnings estimate.Local …
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 2 (IANS) South Korean law enforcement authorities launched a joint inspection on Tuesday of a Hanwha Aerospace factory as part of a probe into a deadly explosion at the facility the previous day. The blast at the defence company’s facility in Daejeon, some 140 kilometres south of Seoul, killed five people and injured two others.The joint inspection involved officials from the Daejeon Metropolitan Police Agency, the fire service, the National Forensic Service, the labour ministry and …
Seoul, June 2 (IANS) The arms procurement agency of South Korea said on Tuesday its affiliated bodies will provide technical assistance to an investigation into a recent explosion at a Hanwha Aerospace factory. The Defence Acquisition Program Administration (DAPA) said the agency has also formed a task force to manage the situation, after Monday’s explosion and fire at the Hanwha Aerospace plant left five people killed and two others injured.”We will support, when necessary, the investigation by…
Seoul, June 2 (IANS) South Korean stocks traded lower late on Tuesday morning as investors rushed to cash out market heavyweights, bucking overnight gains on Wall Street.Opening a tad higher, the benchmark Korea Composite Stock Price Index (KOSPI) was down 188.63 points, or 2.15 percent, to 8,599.75 as of 11:20 am (local time), reports Yonhap news agency.Overnight, U.S. stocks finished higher, with major indexes reaching fresh record highs as a rally in tech shares lifted market sentiment.U.S. c…