Seoul, July 27 (IANS) South Korean stocks turned lower late on Monday morning as big chip shares lost ground despite eased Middle East tensions.After opening 1.73 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) shed 55.63 points, or 0.83 percent, to 6,634.99 as of 11:20 a.m.Foreign investors sold nearly 1.7 trillion won, offsetting a combined 1.6 trillion won worth of buying by retail and institutional investors, reports Yonhap news agency.The United States has suspended …
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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…
Seoul, June 29 (IANS) South Korean stocks traded sharply lower on late Monday morning as investors remained cautious amid renewed concerns over the fragile US-Iran ceasefire and rising oil prices, with tech shares leading losses.The benchmark Korea Composite Stock Price Index (KOSPI) lost 170.78 points, or 2.03 percent, to 8,240.43 as of 11:20 a.m., after opening 0.91 percent lower, reports Yonhap news agency.Oil prices climbed after the United States and Iran exchanged fresh strikes over the we…
Seoul, June 26 (IANS) South Korean stocks tumbled nearly 6 per cent on Friday as investors locked in profits after recent rallies driven by stocks related to artificial intelligence (AI). The Korean won gained against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) lost 519.09 points, or 5.81 percent, to close at 8,411.21, after falling as low as 8,126.84, reports Yonhap news agency.The market rout came after the KOSPI rallied by 5.42 percent gain on Thursday and racked up …
Seoul, June 26 (IANS) South Korea’s bourse operator on Friday activated a circuit breaker for the benchmark Korea Composite Stock Price Index (KOSPI) as stocks crashed due to a slump in tech heavyweights.Trading of KOSPI-listed shares was halted for 20 minutes. The Korea Exchange (KRX) triggered the measure after the KOSPI plummeted more than 8 percent from the previous session’s close, reports Yonhap news agency.The benchmark index came under heavy selling pressure as investors dumped large-cap…
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 5 (IANS) Seoul shares traded nearly 4 per cent lower on Friday as investors locked in profits from a recent tech-led rally while monitoring uncertainty over US-Iran peace negotiations.After opening 3.44 percent lower, the Korea Composite Stock Price Index (KOSPI) lost 334.97 points, or 3.88 percent, to 8,304.44 as of 11:20 a.m., recovering some of its earlier losses after plunging as much as 6.88 percent.The Korea Exchange suspended program trading for the KOSPI for five minutes at a…
Seoul, May 22 (IANS) South Korean stocks opened slightly higher on Friday following the previous session’s sharp rise, tracking overnight gains on Wall Street amid rising hopes for a diplomatic resolution to the conflict between the United States and Iran.After starting 0.74 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) trimmed earlier gains to edge up 2.71 points, or 0.03 percent, to 7,818,3 as of 9:15 a.m.Overnight, U.S. stocks advanced after Iran said the latest prop…
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….
Seoul, May 11 (IANS) South Korean stocks were trading at a fresh record high of above 7,800 points on late Monday morning, boosted by an extended rally of blue chip semiconductor shares, despite woes over the U.S.-Iran peace deal falling apart.The benchmark Korea Composite Stock Price Index (KOSPI) had surged 324.22 points, or 4.32 percent, to 7,822.22 as of 11:20 a.m. after rising as high as 7876.60, reports Yonhap news agency.The index has been on a record-breaking run for the fifth consecutiv…