Seoul, April 13 (IANS) South Korean stocks traded lower on Monday as investor concerns grew over a prolonged conflict in the Middle East after the U.S.-Iran peace talks failed to make progress, while U.S. President Donald Trump threatened a blockade of the Strait of Hormuz.The benchmark Korea Composite Stock Price Index (KOSPI) fell 68.15 points, or 1.16 percent, to 5,790.72 as of 11:20 am (local time), reports Yonhap news agency.President Trump announced a blockade of Iranian ports following ma…
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Seoul, March 20 (IANS) South Korean shares trimmed earlier gains on Friday morning as big-cap tech shares turned lower on foreign sell-offs.The benchmark Korea Composite Stock Price Index (KOSPI) had added 26.43 points, or 0.46 percent, to 5,789.65 as of 11:20 a.m, reports Yonhap news agency.The KOSPI reduced earlier gains as foreigners dumped a net 1.26 trillion won (US$842 million). Retail investors and institutions purchased local shares worth 746.4 billion won and 524.8 billion won, respecti…
Seoul, March 12 (IANS) South Korean stocks continued to trade lower late on Thursday morning as investors sat on the sidelines amid lingering oil price swings sparked by the US-Iran war.The benchmark Korea Composite Stock Price Index (KOSPI) fell 43.49 points, or 0.78 percent, to 5,566.46 as of 11:20 a.m.The International Energy Agency announced a plan to release oil reserves to ease woes over supply disruptions at the Strait of Hormuz, though investors remained concerned about potential long-te…
Seoul, Feb 16 (IANS) South Korea’s smaller KOSDAQ was the second-best-performing stock index in the world over the past month, only after the country’s benchmark KOSPI, amid government measures to boost the secondary market, data showed on Monday.The KOSDAQ rose 16.45 per cent from 949.81 points on January 13 to 1,106.08 points on Friday, according to the data from Yonhap Infomax, the financial arm of Yonhap News Agency.Trailing behind the KOSDAQ were SET and ISE-100 — benchmark indexes of Thai…