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 …
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Seoul, May 4 (IANS) South Korean stocks opened at a fresh high of over 6,700 on Monday as US President Donald Trump announced plans to free ships stranded in the Strait of Hormuz, while Washington and Tehran exchanged their proposals for peace talks.After opening at a fresh record high of 6,782.93, or 2.79 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) added 157.3 points, or 2.38 percent, to 6,756.17 as of 9:15 a.m.The index had risen three straight sessions to close at …
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…
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 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 …
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, Jan 7 (IANS) Seoul shares extended their rally to a fourth day to set a fresh record high on a tech and auto rally on Wednesday after briefly landing above the 4,600-point level. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 25.58 points, or 0.57 percent, to close at an all-time high of 4,551.06, reports Yonhap news agency.The index briefly topped the 4,600-point mark, touch an intraday high of 4,611.72.On Tuesday, the KOSPI broke t…