Seoul, June 24 (IANS) South Korean stocks extended their gains on Wednesday morning as individual investors went bargain hunting following the previous session’s massive sell-off in technology stocks.After opening 1.86 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) added 272.43 points, or 3.32 percent, to 8,476.27 as of 11:20 am, reports Yonhap news agency.Overnight, Wall Street closed lower as sharp declines in memory chip and semiconductor stocks weighed on investor se…
Latest Morgan Stanley Capital International News & Updates
Seoul, May 9 (IANS) South Korean brokerages are seeking partnerships and expanding infrastructure for foreign omnibus accounts to attract more foreign investors, who have been instrumental in fuelling the recent tech rally that pushed the country’s benchmark index to unprecedented levels.According to financial sources on Saturday, Samsung Securities Co., a major domestic brokerage, has recently partnered with Interactive Brokers LLC. (IBKR), a global online brokerage platform, and started a pilo…
Seoul, Jan 9 (IANS) The government on Friday announced a comprehensive road map aimed at securing South Korea’s inclusion in the developed market index of global index provider Morgan Stanley Capital International (MSCI), including plans to operate the country’s foreign exchange (FX) market on a 24-hour basis.The plan represents the government’s latest effort to address the so-called “Korea discount,” under which local shares trade at valuations below their fundamentals, and to position South Ko…