Seoul, June 2 (IANS) South Korean stocks traded lower late on Tuesday morning as investors rushed to cash out market heavyweights, bucking overnight gains on Wall Street.Opening a tad higher, the benchmark Korea Composite Stock Price Index (KOSPI) was down 188.63 points, or 2.15 percent, to 8,599.75 as of 11:20 am (local time), reports Yonhap news agency.Overnight, U.S. stocks finished higher, with major indexes reaching fresh record highs as a rally in tech shares lifted market sentiment.U.S. c…
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Seoul, May 28 (IANS) South Korean stocks were trading more than 1 per cent lower late on Thursday as foreign investors unloaded local shares following a recent tech-led rally and news that the United States launched new strikes against Iran.The benchmark Korea Composite Stock Price Index (KOSPI) had fallen 84.32 points, or 1.02 percent, to 8,144.38 as of 11:20 a.m, reports Yonhap news agency.The index closed at a record high of 8,288.7 on Wednesday, extending its winning streak to the fourth con…
Seoul, May 22 (IANS) South Korean stocks opened slightly higher on Friday following the previous session’s sharp rise, tracking overnight gains on Wall Street amid rising hopes for a diplomatic resolution to the conflict between the United States and Iran.After starting 0.74 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) trimmed earlier gains to edge up 2.71 points, or 0.03 percent, to 7,818,3 as of 9:15 a.m.Overnight, U.S. stocks advanced after Iran said the latest prop…
Seoul, May 21 (IANS) South Korean stocks opened markedly higher on Thursday on rising hopes for a possible peace deal between the United States and Iran, and an end to labor unrest at Samsung Electronics, triggering a buy-side sidecar.After starting 3.85 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) rose 277.42 points, or 5.27 percent, to 7,388.52 as of 9:30 a.m, reports Yonhap news agency.As stocks extended gains, a buy-side order in the KOSPI futures was suspended for…
Seoul, May 14 (IANS) South Korean stocks were trading higher on late Thursday morning, inches away from another historic milestone of 8,000, with large-cap shares showing mixed direction.After starting 0.38 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) had added 53.17 points, or 0.68 percent, to 7,897.18 as of 11:20 a.m. The KOSPI had risen as high as 7991.04 at one point, reports Yonhap news agency.The KOSPI kicked off bullish, tracking overnight tech gains in major U….
Seoul, May 11 (IANS) South Korean stocks were trading at a fresh record high of above 7,800 points on late Monday morning, boosted by an extended rally of blue chip semiconductor shares, despite woes over the U.S.-Iran peace deal falling apart.The benchmark Korea Composite Stock Price Index (KOSPI) had surged 324.22 points, or 4.32 percent, to 7,822.22 as of 11:20 a.m. after rising as high as 7876.60, reports Yonhap news agency.The index has been on a record-breaking run for the fifth consecutiv…
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 …
Seoul, May 6 (IANS) South Korean stocks traded 6 per cent higher to stay above the unprecedented 7,300-point mark on Wednesday led by strong gains in semiconductor shares and rising optimism for a peace deal between the United States and Iran.Opening 2.25 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) extended gains, adding 418.82 points, or 6.04 percent, to an all-time intraday high of 7,355.81 as of 11:20 a.m, reports Yonhap news agency.With the surge, the bourse opera…
Seoul, May 4 (IANS) South Korean stocks shot up by more than 5 per cent to close at a fresh high on Monday, approaching the 7,000-point mark, as investors scooped up semiconductor shares while awaiting developments in US-Iran peace talks. The Korean won rose sharply against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) added 338.12 points, or 5.12 percent, to a fresh record high of 6,936.99.Trade volume was heavy at 864.3 million shares worth 41.3 trillion won (US$28.2 bi…
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 …