South Korean stocks opened lower Friday after three consecutive sessions of gains as investors cashed in profits ahead of Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium. The benchmark Korea Composite Stock Price Index fell 10.91 points, or 0.4 percent, to 2,696.76 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average closed 0.43 percent lower, with the S&P 500 falling 0.89 percent. The tech-heavy Nasdaq composite decreased 1.67 perce

South Korean stocks ended slightly higher on Thursday, extending their winning streak to a third day as investors await more clues over the US rate policy direction amid the Bank of Korea's rate freeze. The local currency gained against the US dollar. The benchmark Korea Composite Stock Price Index added 6.54 points, or 0.24 percent, to close at 2,707.67. Trade volume was moderate at 434 million shares worth 8.83 trillion won ($6.61 billion), with losers outnumbering gainers 597 to 283. For

South Korean stocks opened higher Thursday after the minutes from the Federal Reserve's rate policy meeting showed that the "vast majority" of its policymakers support a rate cut next month. The benchmark Korea Composite Stock Price Index added 7.53 points, or 0.28 percent, to 2,708.66 in the first 15 minutes of trading. Overnight, the Fed released the minutes of the FOMC meeting on July 30-31, which showed that the policymakers believed that it would "likely be appropriate t

South Korean stocks ended higher for the second straight session Wednesday as they waited for US payroll data and more clues over the US rate policy direction from this week's Jackson Hole symposium. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) added 4.5 points, or 0.17 percent, to close at 2,701.13. Trade volume was moderate at 406 million shares worth 9.18 trillion won ($6.87 billion), with losers outnumbering gainers 448 to 407. F

South Korean stocks opened lower Wednesday, tracking overnight losses on Wall Street ahead of the Jackson Hole meeting later this week. The benchmark Korea Composite Stock Price Index (Kospi) dropped 5.28 points, or 0.2 percent, to 2,691.35 in the first 15 minutes of trading. Overnight, major US indexes lost ground to take a breather from a recent rally, with AI chip giant Nvidia down more than 2 percent. Investors' eyes are on Federal Reserve Chair Jerome Powell's speech at the upcomi

South Korean stocks rebounded on Tuesday following a rally in the US market ahead of this week's Jackson Hole symposium. The local currency gained against the US dollar. The benchmark Korea Composite Stock Price Index added 22.27 points, or 0.83 percent, to close at 2,696.63. Trade volume was moderate at 473 million shares worth 8.69 trillion won ($6.52 billion), with gainers outnumbering losers 644 to 245. Foreigners bought a net 254.2 billion won worth of shares, while individuals offload

South Korean stocks opened sharply higher on Tuesday on overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index shot up 26.07 points, or 0.97 percent, to 2,700.43 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average closed 0.58 percent higher, with the S&P 500 advancing 0.97 percent. The tech-heavy Nasdaq composite finished 1.39 percent higher as well. The Wall Street gains were powered by eased concerns about a potential recession in the Un

South Korean stocks opened nearly flat on Monday as investors cashed in profits following recent gains amid the eased fears of a potential recession in the United States. The benchmark Korea Composite Stock Price Index (Kospi) edged down 0.58 points, or 0.02 percent, to 2,696.65 in the first 15 minutes of trading. South Korean stocks tumbled by the most on record to a near nine-month low on Aug. 5 amid intensifying fears over a US economic slowdown, crashing 8.77 percent to close at 2,441.55. Se

South Korean stocks ended almost 2 percent higher Friday to extend their winning streak to a fifth day, as a series of US data soothed economic slowdown fears. The local currency gained ground against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) rose 52.73 points, or 1.99 percent, to close at 2,697.23. Trade volume was moderate at 375.9 million shares worth 10.8 trillion won ($7.95 billion), with winners slightly outnumbering losers 473 to 412. Foreigners scooped up a w

Reduced outlook for chip industry prompts fund managers to cut Korean stock allocation

South Korean stocks opened sharply higher Friday as major US data eased economic slowdown fears. The benchmark Korea Composite Stock Price Index (Kospi) rose 52.43 points, or 1.98 percent, to 2,696.93 in the first 15 minutes of trading. Overnight, major US indexes rallied as the latest retail sales data showed that shoppers are still driving the economy. The Dow Jones Industrial Average rose 1.4 percent, the S&P 500 increased 1.61 percent, and the tech-heavy Nasdaq composite soared 2.34 perc

Local securities firms that offer daytime trading of US stocks for South Korean investors are to tentatively suspend the service, following the order cancellation fiasco that happened earlier this month. A total of 19 brokerage houses, affected by the cancellation of orders by the US overnight trading platform operator Blue Ocean Technologies, are to temporarily suspend the service from Friday, according to the Korea Financial Investment Association. “Representing local securities firms,

South Korean stocks closed higher for the fourth consecutive session Wednesday as cooler-than-expected US producer price data soothed concerns and boosted investors' sentiment. The local currency sharply rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 23 points, or 0.88 percent, to close at 2,644.50. Trade volume was a little slim at 321.4 million shares worth 8.6 trillion won ($6.3 billion), with winners outnumbering losers 649 to 234. Foreigners purchased

India funds gain traction, attracting inflow of W1tr this year in Korea

South Korean stocks opened higher Wednesday, tracking overnight gains on Wall Street led by a cooler-than-expected US producer price index. The benchmark Korea Composite Stock Price Index rose 29.24 points, or 1.12 percent, to 2,650.74 in the first 15 minutes of trading. Overnight, major US indexes gained ground as softer producer price data boosted bets the Federal Reserve will start cutting its rates soon. In Seoul, market bellwether Samsung Electronics advanced 1.97 percent, and its chipmakin