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…
Latest Hanwha Aerospace News & Updates
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…
Seoul, June 2 (IANS) Hanwha Aerospace, a defence affiliate under Hanwha Group, said on Tuesday it has partially suspended production at its Daejeon facility after a deadly explosion at the plant.In a regulatory filing, the arms manufacturer said it was ordered by labour authorities to halt operations at the facility, about 140 kilometers south of Seoul, due to a serious workplace accident under South Korea’s occupational safety laws.The explosion killed five people and injured two others and pol…
Seoul, June 1 (IANS) Four people were killed and two others injured Monday in an explosion at defence company Hanwha Aerospace’s factory in the central city of Daejeon in South Korea, officials have said. Authorities received a report of the explosion at 10:59 a.m., with authorities working to confirm the exact number of casualties.Fire authorities dispatched to the scene were working to put out a blaze at the site, reports Yonhap news agencyPolice and fire officials believe the explosion occurr…
Seoul, May 8 (IANS) South Korean stocks started lower on Friday on profit hunting following a recent rally and renewed military tensions in the Middle East after the United States and Iran exchanged fire.Opening 1.82 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) lost 163.99 points, or 2.19 per cent, to 7,326.06 as of 9:15 a.m, reports Yonhap news agency.The index had been on a bullish run to hit record highs for three consecutive sessions starting Monday, gaining nearly …
Seoul, May 6 (IANS) South Korean stocks traded 6 per cent higher to stay above the unprecedented 7,300-point mark on Wednesday led by strong gains in semiconductor shares and rising optimism for a peace deal between the United States and Iran.Opening 2.25 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) extended gains, adding 418.82 points, or 6.04 percent, to an all-time intraday high of 7,355.81 as of 11:20 a.m, reports Yonhap news agency.With the surge, the bourse opera…
Seoul, May 4 (IANS) South Korean stocks shot up by more than 5 per cent to close at a fresh high on Monday, approaching the 7,000-point mark, as investors scooped up semiconductor shares while awaiting developments in US-Iran peace talks. The Korean won rose sharply against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) added 338.12 points, or 5.12 percent, to a fresh record high of 6,936.99.Trade volume was heavy at 864.3 million shares worth 41.3 trillion won (US$28.2 bi…