Seoul, June 25 (IANS) South Korean stocks extended their gains late on Thursday morning, driven by a semiconductor rally, as Micron Technology’s better-than-expected earnings erased concerns over artificial intelligence (AI) growth.After opening 2.74 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) extended gains, adding 414.55 points, or 4.89 percent, to 8,885.57 as of 11:20 am, reports Yonhap news agency.Overnight, Wall Street closed mixed on concerns about overvaluation…
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Seoul, June 22 (IANS) South Korean stocks finished at an all-time high on Monday on a continued rally in semiconductor shares amid signs of progress in US-Iran talks to end their monthslong war in the Middle East. The local currency lost against the US dollar.After opening 1.08 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) added 62.13 points, or 0.69 percent, to 9,114.55 after rising as high as 9,253.00, reports Yonhap news agency.Trade volume was moderate at 377.2 milli…
Seoul, June 10 (IANS) South Korean stocks started sharply lower on Wednesday on news that the United States has launched new strikes on Iran and overnight tech losses on Wall Street.After opening 2.43 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) shed 125.98 points, or 1.56 percent, to 7,970.95 in the first 15 minutes of trading, reports Yonhap news agency.The U.S. has struck Iran in response to the shooting down of an American Apache helicopter in the Strait of Hormuz, …
Seoul, June 4 (IANS) South Korean stocks opened sharply lower on Thursday, tracking overnight losses on Wall Street caused by uncertainty over negotiations between the United States and Iran to end their war in the Middle East.After starting 2.02 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) lost 180.03 points, or 2.05 percent, to 8,621.46 as of 9:15 am, reports Yonhap news agency.The KOSPI closed at an all-time high of 8,801.49 on Tuesday. The local stock market was clo…
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….