Seoul, May 7 (IANS) SK Telecom, South Korea’s leading mobile carrier, said on Thursday its net profit fell 12.5 per cent from a year earlier as the company continued to deal with the aftermath of a massive data breach last year.Net income came to 316.4 billion won (US$218 million) in the first three months of this year, down from 361.6 billion won a year ago, the company said in a regulatory filing, reports Yonhap news agency.Operating profit for the January-March period fell 5.3 percent on-year…
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Mumbai, May 6 (IANS) Indian equity markets traded higher on Wednesday in early deals, with benchmarks jumping almost 1 per cent each on global cues, amid hopes of de-escalation in the West Asia conflict.Sensex rose 0.85 per cent or 657 points to hit an intraday high of 77,675 in morning trade, while Nifty was trading at 24,250, up 0.90 per cent or 217 points from the previous close.Among sectoral indices, Nifty PSU Bank, Nifty Private Bank, Nifty Auto, Nifty Metal, and Nifty IT advanced up to ne…
Mumbai, May 5 (IANS) Domestic equity markets on Tuesday traded sharply lower in the morning trade amid fresh jitters over escalating geopolitical tensions between the US and Iran.Sensex was trading at 76,745, down 0.67 per cent or 524 points in early trade, while Nifty slipped to 23,949, declining 0.7 per cent or 170 points.Sector-wise, selling pressure was driven by auto, financials, banking, consumer durables, and metal stocks. Nifty Auto, Nifty Private Bank, Nifty PSU Bank, Nifty Consumer Dur…
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…
Mumbai, May 4 (IANS) Indian equity benchmarks opened on a strong note on Monday, with indices gaining 1 per cent each in the morning trade, aided by softer crude oil prices amid indications of easing tensions in West Asia amid early Assembly election trends in key states.Sensex surged as much as 833 points or 1.08 per cent to hit an intraday high of 77,746.79 in early deals, while Nifty touched 24,245.85, up 250 points or 1.03 per cent.On the sectoral front, buying interest was seen across auto,…
Seoul, May 3 (IANS) The number of South Korean-listed companies whose market capitalisation surpassed 1 trillion won ($679.7 million) exceeded 400 for the first time this year, following a dramatic pre-Middle East-conflict recovery in the stock market, data showed on Sunday.The number of companies listed on the local bourse, including preferred shares, with a market capitalisation of over 1 trillion won stood at 405 as of Wednesday, according to the data from the Korea Exchange, South Korea’s ma…
Mumbai, April 29 (IANS) Domestic equity markets traded higher on Wednesday despite a rise in crude oil prices and reports that the United States may extend its blockade of Iranian ports.Sensex traded 0.52 per cent, or 400 points, higher at 77,289.55, hitting an intraday high in early trade, while Nifty rose 0.53 per cent, or 127.8 points, to 24,123.55.Sector-wise, buying interest was seen in auto, chemicals, realty, energy and IT stocks.Nifty Auto, Nifty Chemicals, Nifty Realty, Nifty Oil & …
Mumbai, April 28 (IANS) Domestic equity markets traded lower in early morning session on Tuesday as investors remained cautious amid persistent geopolitical tensions between the US and Iran.Sensex declined as much as 0.42 per cent or 330 points to hit an intraday low of 76,973, while Nifty slipped 0.38 per cent, or 93 points, to trade at 23,999 in the early hours.On the sectoral front, Nifty PSU Bank, Nifty Private Bank, Nifty Pharma, Nifty Healthcare and Nifty FMCG indices were among the top la…
Seoul, April 28 (IANS) Seoul stocks briefly topped the 6,700-point level on Tuesday, set to reach another milestone, driven by large-cap tech shares ahead of earnings releases from big US tech companies.The benchmark Korea Composite Stock Price Index (KOSPI) hit an intraday high of 6,712.73 points in the morning session, reports Yonhap news agency.The new peak came ahead of first-quarter earnings releases from the Magnificent 7 (M7) companies in the United States, including Apple, Microsoft and …
Seoul, April 27 (IANS) The total market capitalisation of companies listed on the local stock market surpassed 6,000 trillion won ($4.08 trillion) for the first time on Monday, boosted by anticipation for the semiconductor sector, industry data showed.The combined market capitalisation of companies listed on the country’s three stock bourses stood at 6,047.9 trillion won as of early Monday morning, according to the data from the Korea Exchange (KRX), South Korea’s main bourse operator, reports Y…