Seoul, July 26 (Yonhap) The Korean won’s real effective exchange rate fell to its lowest level in more than 17 years in June as the US dollar remained broadly strong, data showed on Sunday.According to the Bank for International Settlements (BIS), the won’s real effective exchange rate (REER) stood at 82.99 in June, down 1.75 points from the previous month.The June reading was the lowest since March 2009, when the REER stood at 79.31 in the aftermath of the global financial crisis, reports Yonha…
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Seoul, July 24 (IANS) Seoul stocks snapped their three-day winning streak to plummet nearly 6 per cent on Friday, as escalating tensions in the Middle East sapped risk appetite. The local currency rose against the greenback.The benchmark Korea Composite Stock Price Index (KOSPI) fell 406.27 points, or 5.72 percent, to 6,690.62 after falling as low as 6,650.41.The sharp decline triggered the country’s bourse operator to suspend program trading for five minutes in early trading, reports Yonhap new…
Seoul, July 16 (IANS) South Korea’s police said Thursday they have applied for an arrest warrant for a woman who staged a solo blockade of a vote counting centre last month amid protests demanding a rerun of the June 3 local elections. The woman is accused of standing outside a door to the Olympic Park Handball Gymnasium in southern Seoul, which had been used as a ballot counting centre, on June 16 and preventing sports groups based at the stadium from entering.The woman had refused to move desp…
Seoul, July 16 (IANS) Seoul shares again plummeted on Thursday, led by steep losses in technology heavyweights, as escalating tensions in the Middle East weighed on investor sentiment. The Korean won rose against the US dollar.After opening 4.45 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) extended its losses to close at 6,820.60, down 463.81 points, or 6.37 percent from the previous session, after falling as low as 6,730.87.The Korea Exchange, the country’s bourse oper…
Seoul, July 13 (IANS) Seoul shares plunged 9 per cent on Monday as investors dumped technology stocks for profit-taking amid renewed tensions in the Middle East. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) fell 669.01 points, or 8.95 percent, to close at 6,806.93 after falling as low as 6,783.43, reports Yonhap news agency.Trade volume was moderate at 469.86 million shares worth 39.8 trillion won (US$26.5 billion), with decliners far outnumbe…
Seoul, July 13 (IANS) Seoul shares extended losses late on Monday morning, led by falls in chipmakers, bucking gains on Wall Street, as renewed tensions in the Middle East weighed on investor sentiment.After opening 0.85 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) extended losses, falling 392.53 points, or 5.25 percent, to 7,083.41 as of 11:20 am, reports Yonhap news agency.The decline came as the United States and Iran exchanged fresh strikes over the status of the St…
Mumbai, July 9 (IANS) Newlywed Anshula Kapoor turned emotional as she opened up about missing her late mother, Mona Shourie Kapoor, during the biggest and most special day of her life, at her wedding.Sharing a heartfelt video on her social media account, Anshula, who seemed emotional, reflected on how wedding planning unexpectedly became a reminder of her mother’s absence.In the video, she shared a few moments featuring her mother’s pictures and her own wedding moments, and said, “This is me and…
Seoul, July 9 (IANS) Seoul shares trimmed earlier gains late Thursday morning on retail selling, though institutions and foreigners bought bargain-priced chip stocks following the recent massive sell-off.After opening 3.3 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) erased its earlier gains and moved up 150.61 points, or 2.08 percent from the day before, to 7,397.40 as of 11:20 am, reports Yonhap news agency.Despite the gains, investors remain concerned about renewed g…
Seoul, July 8 (IANS) South Korea’s exports of biopharmaceutical products are expected to post the highest level on record in the first quarter this year, government data showed on Wednesday.The product category’s estimated exports for the first six months of the year was $4.5 billion, up 15.3 percent, according to the Ministry of Food and Drug Safety, reports Yonhap news agency.They accounted for 86.5 percent of all pharmaceutical exports of $5.2 billion in the first half.Biopharmaceutical expor…
Seoul, July 3 (IANS) Seoul stocks traded higher late on Friday morning in choppy trading as investors snapped up bargain-priced semiconductor shares following the previous session’s sharp sell-off.After opening 1.2 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) extended its gains, rising 163.52 points, or 2.11 percent, to 7,809.61 as of 11:20 am, reports Yonhap news agency.The index plunged 7.89 percent the previous session, dragged by a heavy sell-off in Samsung Electro…