Seoul, April 10 (IANS) Seoul shares extended gains late on Friday morning, tracking overnight advances on Wall Street amid optimism over upcoming negotiations between the United States and Iran following their two-week ceasefire deal in the Middle East conflict.The benchmark Korea Composite Stock Price Index (KOSPI) rose 103.21 points, or 1.79 percent, to 5,881.22 as of 11:20 a.m.Overnight, the Dow Jones Industrial Average gained 0.58 percent, while the tech-heavy Nasdaq Composite advanced 0.83 …
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Seoul, April 9 (IANS) South Korean stocks lost ground late on Thursday morning as Washington and Tehran remained divided over the terms of a two-week ceasefire, including whether it includes ending Israel’s offensive against Lebanon.The benchmark Korea Composite Stock Price Index (KOSPI) fell 57.93 points, or 0.99 percent, to 5,814 as of 11:20 am (local time), reports Yonhap news agency.The United States and Iran reached a two-week ceasefire agreement on Tuesday (U.S. time), including the reopen…
Seoul, April 8 (IANS) South Korean stocks rose sharply higher late on Wednesday morning as the United States and Iran agreed on a two-week ceasefire and reopening the Strait of Hormuz.The benchmark Korea Composite Stock Price Index (KOSPI) rose 326.12 points, or 5.94 percent, to 5,820.9 as of 11:20 am (local time), reports Yonhap news agency.The bourse operator activated a buy-side sidecar, temporarily halting program-driven buy orders in KOSPI futures earlier in the session.U.S. President Donal…
Seoul, April 6 (IANS) South Korean stocks continued to trade higher late on Monday morning as investors anticipated a strong performance by Samsung Electronics in its first-quarter earnings guidance this week, boosting optimism in the artificial intelligence (AI) industry.The benchmark Korea Composite Stock Price Index (KOSPI) rose 116 points, or 2.16 per cent, to 5,493.3 as of 11:20 am (local time), reports Yonhap news agency.On Tuesday, Samsung Electronics is set to release its preliminary fir…
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, March 9 (IANS) South Korean stocks plummeted around 8 per cent on late Monday morning after the Korea Exchange (KRX) resumed transactions following a 20-minute trading suspension amid extreme volatility triggered by recent US-Israeli strikes on Iran.The benchmark Korea Composite Stock Price Index (KOSPI) moved down 445.88 points, or 7.98 percent, to 5,138.99 as of 11:20 a.m, reports Yonhap news agency.The KRX activated a circuit breaker at 10:31 a.m. after the KOSPI plunged 452.8 points, …
New Delhi, March 4 (IANS) Seoul shares plunged more than 12 per cent on Wednesday, closing below the 5,100-point mark, as mounting concerns over the economic fallout from the escalating Middle East conflict rattled investor sentiment. The Korean won also fell sharply against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) tumbled 698.37 points, or 12.06 per cent, to close at 5,093.54, extending losses from a 7.24 per cent drop in the previous session, reports Yonhap news ag…
Seoul, March 4 (IANS) Seoul shares extended losses late on Wednesday morning, falling more than 8 per cent, as escalating concerns over the economic fallout from the Middle East conflict continued to weigh on investor sentiment.After opening 3.44 per cent lower, the Korea Composite Stock Price Index (KOSPI) extended its losses, tumbling 468.98 points, or 8.1 per cent, to 5,322.93 as of 11:45 a.m., following a plunge of more than 7.24 percent the previous session.The Korea Exchange (KRX) triggere…
Seoul, Jan 7 (IANS) Seoul shares extended their rally to a fourth day to set a fresh record high on a tech and auto rally on Wednesday after briefly landing above the 4,600-point level. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 25.58 points, or 0.57 percent, to close at an all-time high of 4,551.06, reports Yonhap news agency.The index briefly topped the 4,600-point mark, touch an intraday high of 4,611.72.On Tuesday, the KOSPI broke t…