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 …
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Seoul, April 9 (IANS) South Korean stocks lost ground late on Thursday morning as Washington and Tehran remained divided over the terms of a two-week ceasefire, including whether it includes ending Israel’s offensive against Lebanon.The benchmark Korea Composite Stock Price Index (KOSPI) fell 57.93 points, or 0.99 percent, to 5,814 as of 11:20 am (local time), reports Yonhap news agency.The United States and Iran reached a two-week ceasefire agreement on Tuesday (U.S. time), including the reopen…
Seoul, April 6 (IANS) South Korean stocks continued to trade higher late on Monday morning as investors anticipated a strong performance by Samsung Electronics in its first-quarter earnings guidance this week, boosting optimism in the artificial intelligence (AI) industry.The benchmark Korea Composite Stock Price Index (KOSPI) rose 116 points, or 2.16 per cent, to 5,493.3 as of 11:20 am (local time), reports Yonhap news agency.On Tuesday, Samsung Electronics is set to release its preliminary fir…
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 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…
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…