South Korean stocks are expected to face highly volatile sessions next week as investors will pay keen attention to situations in Ukraine and the US Federal Reserve's updated stance on its monetary policy, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,676.76 on Friday, down 2.45 percent from a week earlier, amid jitters over the escalating tensions in Ukraine as Russia launched a military offensive in the East European neighbor. KOSPI rebounded on

South Korean stocks plunged more than 2 percent Thursday, as investor sentiment worsened over Russia's launch of military operations in eastern Ukraine. The Korean won steeply fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) tumbled 70.73 points, or 2.6 percent, to close at 3,029.57 points. Trading volume was high at about 904 million shares worth some 13.1 trillion won ($10.9 billion), with losers outnumbering gainers 797 to 108. Foreigners dumped a net 681 bi

South Korean stocks opened steeply lower Thursday, tracking overnight plunges on Wall Street that stemmed from rising tensions in Ukraine. The benchmark Korea Composite Stock Price Index (KOSPI) retreated 28.85 points, or 1.06 percent, to 2,690.08 points as of 9:15 a.m. Overnight, the tech-heavy Nasdaq composite tumbled 2.57 percent and the Dow Jones Industrial Average declined 1.38 percent as Ukraine declared a state of emergency and Washington said a Russian invasion of Ukraine remains imminen

Corporate direct financing in South Korea nearly tripled in January from the previous month due mainly to a massive initial public offering (IPO), data showed Thursday. Local companies raised a combined 27.53 trillion won ($23.1 billion) by selling stocks and bonds last month, up 172.5 percent from December, according to the data from the Financial Supervisory Service. Direct financing refers to raising funds directly from the stock and bond markets without borrowing from banks and other financi

The benchmark Kospi rose Wednesday on stock purchases led by institutions and retail investors, who guarded against a sell-off by foreign investors, as investor appetite appeared affected little by developments in the Russia-Ukraine standoff. The Kospi ended 0.47 percent, or 12.74 points, higher than Tuesday’s closing at 2,719.53, reversing the last two days of drops. The index reached an intraday high of 2,729.56 and low of 2,705.31. Institutions and individuals snatched up shares

South Korean stocks climbed Wednesday, in the wake of the United States and its European allies' announcement of financial sanctions against Russia over the move to dispatch Russian troops to Ukraine. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) advanced 12.74 points, or 0.47 percent, to close at 2,719.53 points. Trading volume was moderate at about 527 million shares worth some 9 trillion won ($7.5 billion), with gainers outnumbering losers

South Korean stocks opened higher Wednesday, as the United States, Europe and the United Kingdom mull sanctions against Russia over its move to dispatch troops to Ukraine. The benchmark Korea Composite Stock Price Index (Kospi) advanced 15.52 points, or 0.57 percent, to 2,722.31 points as of 9:15 a.m. The Kospi rebounded after a two-day retreat from the rising tensions in Ukraine. Washington criticized the Kremlin's decision to dispatch what Russia called "peacekeeping forces" into eas

Market volatility escalated Tuesday on news that Russia ordered troops into separatist-held eastern Ukraine, dragging down the nation’s stock indexes as well as virtual assets and sparking concerns that the geopolitical unrest is likely to expand short-term uncertainty in the financial market. The benchmark Kospi ended lower Tuesday as investors raced to dump risky assets, falling to 2,706.79, down 1.35 percent or 37.01 points from Monday’s closing. The Kospi, which has seen i

South Korea's central bank said Tuesday that it will closely monitor the development of escalating tensions in Ukraine on concerns that the geopolitical risk could increase market volatility and negatively affect the domestic economy. Russian President Vladimir Putin on Monday ordered the deployment of troops to two breakaway regions of eastern Ukraine after recognizing their independence, which raised the possibility of Russia invading Ukraine, dampening hopes for a diplomatic solution. Policym

South Korean stocks opened sharply lower Tuesday as Russia sent in forces to parts of Ukraine. The benchmark Korea Composite Stock Price Index (KOSPI) lost 42.05 points, or 1.53 percent, to 2,701.75 points as of 9:15 a.m. Investors dumped local stocks following reports that Russian dispatched what it called "peacekeeping forces" to eastern Ukraine. Most large caps slumped in Seoul, led by foreign sell-offs. Market bellwether Samsung Electronics decreased 1.89 percent, and No. 2 chipmak

Mounting concerns over Russia’s possible invasion of Ukraine are increasingly weighing on an already jumpy local stock market, as investors price in a full-blown geopolitical crisis that could send foreigners holding Korean shares fleeing back home. The benchmark Kospi tumbled to 2,743.80, down 0.03 percent or 0.72 points from Friday’s closing. Foreigners, whose holdings account for a little over 30 percent of all Korean stocks, and institutions were net sellers, offloading 64 billi

South Korean stocks closed almost unchanged Monday after paring most of its earlier heavy losses due to hopes of a summit between the United States and Russia over the Ukraine crisis. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) slipped 0.72 points, or 0.03 percent, to close at 2,743.8 points. Trading volume was moderate at about 484 million shares worth some 7.8 trillion won ($6.5 billion), with losers outnumbering gainers 430 to 399. Instit

South Korean stocks opened sharply lower Monday, as investors took to the sidelines over the Ukraine risk, which stemmed from concerns about Moscow's potential invasion of Ukraine. The benchmark Korea Composite Stock Price Index (Kospi) lost 43.15 points, or 1.57 percent, to 2,701.37 points as of 9:18 a.m. Most large caps traded lower in Seoul due to foreign and institutional sell-offs, with tech and chemical sectors leading the KOSPI's retreat. Market bellwether Samsung Electronics decreased 2.

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SillaJen, a local biotech company that was given a one-year grace period and avoided delisting in November 2020 over embezzlement accusations involving its key executives, will be put on another six-month grace period, the Korea Exchange said Friday. A 22-month trading halt that began in May 2020 will remain in place. The KRX, which decided to take the firm off from the junior Kosdaq board a month ago after the initial grace period had ended, said SillaJen will be required to prove to have live