Seoul, July 28 (IANS) South Korean stocks plummeted more than 8 per cent on Tuesday as investors dumped tech shares amid heightened fears over artificial intelligence (AI) investment.After opening 5.26 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) extended losses, falling 580.04 points, or 8.59 percent, to 6,175.71 as of 11:20 am (local time).The Korea Exchange (KRX) triggered the market-wide circuit breaker at 10:14 a.m. after the KOSPI plunged more than 8 percent from …
Latest Korea Exchange (KRX) News & Updates
Seoul, June 22 (IANS) Chip major SK hynix has surpassed Samsung Electronics in terms of market capitalisation for the first time, the bourse operator said on Monday.The market capitalisation of SK hynix reached 2,091 trillion won ($1,358 billion) at 12:42 p.m., surpassing Samsung Electronics’ 2,090 trillion won, according to the Korea Exchange (KRX), reports Yonhap news agency.It marked the first time that Samsung Electronics has given up its throne on the benchmark Korea Composite Stock Price I…
Seoul, June 8 (IANS) South Korean stocks were trading more than 6 per cent lower late on Monday as investors dumped market heavyweights amid a tech slump sparked by a US chip slide and concerns over a possible hawkish pivot of the US Federal Reserve. The local currency was trading sharply lower against the US dollar after opening at a 17-year low.After falling nearly 9 percent, the benchmark Korea Composite Stock Price Index (KOSPI) had plunged 492.8 points, or 6.04 percent, to 7,667.79 as of 11…
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 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, Feb 15 (IANS) South Korea’s major brokerage houses racked up record earnings last year on the back of a bull run on the local stock market, industry data showed on Sunday.The combined net profit of the country’s 27 securities firms is estimated at 10.23 trillion won (US$7.03 billion) for 2025, sharply up from the previous year’s 6.97 trillion won, reports Yonhap news agency.Korea Investment & Securities Co. posted the biggest net income of 2.01 trillion won last year, up 79 per cent f…