Seoul, March 25 (IANS) South Korean stocks traded markedly higher late on Wednesday morning, driven by gains in big-cap tech shares, as investors cautiously pinned hopes for progress in negotiations between the United States and Iran to end the ongoing conflict.The benchmark Korea Composite Stock Price Index (KOSPI) rose 126.14 points, or 2.27 percent, to 5,680.06 as of 11:20 a.m.The index opened sharply higher and maintained its upward momentum on strong buying by institutional and foreign inve…
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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 3 (IANS) South Korean stocks plummeted nearly 5 per cent late Tuesday morning amid escalating concerns over possible economic impacts from the ongoing Middle East conflict.South Korea’s main bourse operator, the Korea Exchange (KRX), issued a sell-side circuit breaker, temporarily halting trading after a sharp drop sparked by market concerns over U.S. airstrikes on Iran.Selling of the KOSPI 200 Futures index was suspended for five minutes at 12:05 p.m., according to KRX.The index fe…
Seoul, Jan 16 (IANS) South Korean stocks ended at a fresh record high above 4,800 points on Friday, extending their rally to an 11th consecutive session amid continued buying momentum in semiconductor shares. The local currency fell against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 43.19 points, or 0.9 per cent, to finish at a record 4,840.74, reports Yonhap news agency.Before closing, the index touched an intraday record of 4,863.82 at 3:22 p.m.It marked the 11t…