Seoul, March 30 (IANS) South Korean stocks traded markedly lower on Monday, led by a decline in large-cap tech shares, as an intensifying conflict surrounding Iran deepened concerns about global oil supplies and market uncertainties.The benchmark Korea Composite Stock Price Index (KOSPI) fell 216.2 points, or 3.98 per cent, to 5,222.67 as of 11:20 a.m (Seoul time), reports Yonhap news agency.The index opened nearly 5 percent lower and had been under downward pressure due to heavy foreign selling…
Latest Hyundai Motor News & Updates
Seoul, March 27 (IANS) South Korean stocks opened sharply lower on Friday on increased risk-off sentiment following renewed concerns over tensions in the Middle East.After opening 2.93 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) fell 204 points, or 3.74 percent, to 5,256.46 in the first 20 minutes of trading, reports Yonhap news agency.Overnight, U.S. markets suffered a sharp drop, as U.S. President Donald Trump gave mixed signals about where Washington stands in its n…
Seoul, March 25 (IANS) South Korean stocks traded markedly higher late on Wednesday morning, driven by gains in big-cap tech shares, as investors cautiously pinned hopes for progress in negotiations between the United States and Iran to end the ongoing conflict.The benchmark Korea Composite Stock Price Index (KOSPI) rose 126.14 points, or 2.27 percent, to 5,680.06 as of 11:20 a.m.The index opened sharply higher and maintained its upward momentum on strong buying by institutional and foreign inve…
Seoul, March 24 (IANS) Seoul stocks trimmed earlier gains late on Tuesday morning, despite easing military tensions between the United States and Iran.The benchmark Korea Composite Stock Price Index (KOSPI) inched up 45.02 points, or 0.83 percent, to 5,450.77, as of 11:20 a.m.The index reduced its gains following a sharp rebound of over 4 percent in the opening bell, as the broader market came under selling pressure from foreign investors, reports Yonhap news agency.Overnight, major U.S. stock i…
Seoul, March 23 (IANS) South Korean stocks were trading sharply lower on late Monday morning, as investors offloaded major shares after Iran warned it could close the Hormuz Strait indefinitely.The benchmark Korea Composite Stock Price Index (KOSPI) declined 293.84 points, or 5.08 percent, to 5,487.36 as of 11:20 a.m.The index remained in negative territory, triggering the country’s main bourse operator to temporarily halt program trading for five minutes, reports Yonhap news agency.On Friday, m…
Seoul, March 19 (IANS) South Korean shares traded nearly 2 per cent lower on Thursday on heightened market volatility sparked by escalating tensions in the Middle East and uncertainties surrounding the United States’ monetary policy direction, despite its rate freeze decision.The benchmark Korea Composite Stock Price Index (KOSPI) dropped 112.91 points, or 1.19 percent, to 5,812.12 as of 11:20 a.m.Overnight, the Dow Jones Industrial Average dipped 1.63 percent, while the tech-heavy Nasdaq Compos…
Seoul, March 18 (IANS) South Korea’s auto exports fell 20.8 per cent from a year earlier in February due to a decline in the number of working days for the month, government data showed on Wednesday.The combined value of automobile exports came to US$4.8 billion last month, according to the data from the Ministry of Trade, Industry and Resources, reports Yonhap news agency.February’s performance was due to a drop in the number of working days for the month amid the Lunar New Year holiday, the mi…
Seoul, March 9 (IANS) South Korean companies are seeking responsive measures to cope with soaring international oil prices as turmoil in the Middle East continues, industry sources said on Monday, while the government called for efforts to stabilise domestic fuel prices.Major companies here, including Samsung Electronics Co., SK Group, Hyundai Motor and Hanwha Group, have held emergency meetings over the past few days to monitor the volatility in the global energy market and come up with ways to…
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 7 (IANS) SK On, a major South Korean battery manufacturer, has laid off nearly 1,000 workers at its US battery plant in Georgia amid slowing electric vehicle (EV) demand, a company filing showed on Saturday.SK Battery America, SK On’s US unit, dismissed 968 employees at its battery manufacturing facility in Commerce, Georgia, according to a Worker Adjustment and Retraining Notification (WARN) notice posted on a Georgia state website.The layoffs reportedly account for about 37 per ce…