Seoul, April 23 (IANS) South Korean stocks rose on Thursday, led by gains in large-cap technology shares, as investors focused on corporate earnings following the United States’ indefinite extension of its ceasefire in the conflict with Iran.The benchmark Korea Composite Stock Price Index (KOSPI) gained 48.04 points, or 0.75 per cent, to 6,465.97 as of 11:20 am (local time), reports Yonhap news agency.The index opened 1.1 percent higher, tracking overnight gains on Wall Street, and briefly surpa…
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Seoul, April 14 (IANS) South Korean stocks traded sharply higher on Tuesday on revived hopes for US-Iran peace talks, briefly topping the 6,000-point mark for the first time since the outbreak of the U.S.-Iran conflict.The benchmark Korea Composite Stock Price Index (KOSPI) added 189.03 points, or 3.25 percent, to 5,997.65 as of 11:20 a.m (local time).The index rose to 6,000.18 around 10:12 a.m. and hovered near the 6,000 level, reports Yonhap news agency.It marked the first intraday move above …
Seoul, April 13 (IANS) South Korean stocks traded lower on Monday as investor concerns grew over a prolonged conflict in the Middle East after the U.S.-Iran peace talks failed to make progress, while U.S. President Donald Trump threatened a blockade of the Strait of Hormuz.The benchmark Korea Composite Stock Price Index (KOSPI) fell 68.15 points, or 1.16 percent, to 5,790.72 as of 11:20 am (local time), reports Yonhap news agency.President Trump announced a blockade of Iranian ports following ma…
Seoul, April 3 (IANS) South Korean stocks rose nearly 2.5 per cent late on Friday morning as Iran is said to be working on a protocol with Oman to monitor traffic through the Strait of Hormuz, raising hopes for the reopening of the crucial shipping waterway.The benchmark Korea Composite Stock Price Index (KOSPI) rose 128.99 points, or 2.46 percent, to 5,363.0, reports Yonhap news agency.The index opened 2.7 percent higher, rebounding from a sharp decline the previous session, and maintained its …
Seoul, April 2 (IANS) South Korean stocks dropped over 3 per cent on Thursday morning after US President Donald Trump warned that the United States would strike Iran “extremely hard” over the next few weeks.The benchmark Korea Composite Stock Price Index (KOSPI) fell 197.1 points, or 3.6 percent, to 5,281.6 as of 11:20 a.m.The index opened more than 1 percent higher, tracking overnight gains on Wall Street, but turned negative after Trump’s remarks dashed hopes for a swift end to the monthlong c…
Seoul, March 31 (IANS) South Korean stocks traded lower late on Tuesday morning, led by heavy foreign sell-offs, as an escalating conflict in the Middle East heightened concerns about global oil supplies and broader economic impacts.The benchmark Korea Composite Stock Price Index (KOSPI) fell 89.14 points, or 1.69 percent, to 5,188.16 as of 11:20 a.m.The index opened about 3 percent lower and had been under downward pressure, though some of the earlier losses were erased, reports Yonhap news age…
Seoul, March 9 (IANS) South Korean stocks plummeted around 8 per cent on late Monday morning after the Korea Exchange (KRX) resumed transactions following a 20-minute trading suspension amid extreme volatility triggered by recent US-Israeli strikes on Iran.The benchmark Korea Composite Stock Price Index (KOSPI) moved down 445.88 points, or 7.98 percent, to 5,138.99 as of 11:20 a.m, reports Yonhap news agency.The KRX activated a circuit breaker at 10:31 a.m. after the KOSPI plunged 452.8 points, …
Seoul, March 8 (IANS) Unionised workers at Samsung Electronics are set to begin a vote later this week on whether to launch a strike, industry sources said on Sunday, amid controversy after a union warned that employees who refuse to participate in the walkout could face disadvantages.The company’s three largest unions, which represent a combined estimated 89,000 of the tech giant’s roughly 130,000 employees, will hold the vote from Monday through March 18 on whether to stage a general strike fo…
Seoul, March 5 (IANS) South Korean stocks traded sharply higher late on Thursday morning on bargain hunting following the steepest decline in history the previous session.After opening 3.09 per cent higher, the benchmark Korea Composite Stock Price Index (KOSPI) had extended its gains, shooting up 10.25 per cent, or 521.9 points, to 5,615.44 as of 11:20 am, reports Yonhap news agency.The Korea Exchange (KRX), the country’s main bourse operator, activated a five-minute buy-side sidecar at 9:06 a….
Seoul, Feb 25 (IANS) Seoul shares jumped nearly 2 per cent on Wednesday to surpass the 6,000-point mark for the first time, lifted by extended gains in technology and automobile stocks. The Korean won sharply rose against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) advanced 114.22 points, or 1.91 per cent, to finish at a record high of 6,083.86 after hitting an intraday high of 6,144.71. The KOSPI has rallied for the fifth consecutive day, reports Yonhap news agency.Tra…