South Korean shares traded higher late Thursday morning on the back of gains in technology firms and steelmakers.The benchmark Korea Composite Stock Price Index rose 11.69 points, or 0.5 percent, to 2,359.95 as of 11:20 a.m.Tech shares continued to trade higher, with Samsung Electronics moving up 1.82 percent and LG Display advancing 2.2 percent.Chipmaker SK hynix climbed 1.36 percent.Steelmakers were also among winners, with POSCO increasing 4.08 percent and Korea Zinc moving up 4.61 percent. H

Stock holdings by offshore investors topped 600 trillion won ($526 billion) in South Korea for the first time as of July, data showed Wednesday.The foreign net buying trend, which had continued for eight consecutive months until July, lifted foreign investors’ equity holdings to 605.7 trillion won, accounting for 33.4 percent of all shares issued on the two stock markets, according to data from the Financial Supervisory Service. This came in spite of the shrinking net purchases of for

South Korea’s finance minister and fiscal policy chief on Wednesday vowed to take stern measures to stabilize the financial markets if necessary, as response to the tensions caused by North Korea’s nuclear provocations.Deputy Prime Minister for Economic Affairs and Finance Minister Kim Dong-yeon and Bank of Korea Governor Lee Ju-yeol attended a luncheon, seeking cooperation amid the challenging economic situations.“(The government), together with the BOK, will keep a close watc

South Korean stocks closed higher Wednesday, led by retail investors buying into the market, as tension between the United States and North Korea shows signs of easing. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index rose 14.04 points, or 0.6 percent, to close at 2,348.26. Trade volume was moderate at 265 million shares worth 6.08 trillion won ($5.32 billion). The local stock market opened higher on positive economic data from the US and an easing of ten

South Korean shares traded higher late Wednesday morning on positive economic data from the United States.The benchmark Korea Composite Stock Price Index rose 13.19 points, or 0.57 percent, to 2,347.41 as of 11:20 a.m.Large caps traded mixed, with market kingpin Samsung Electronics adding 2.8 percent and global chipmaker SK hynix up 2.61 percent.Hyundai Motor, the No. 1 automaker here, rose 0.35 percent, and its smaller affiliate Kia Motors traded 1.12 percent lower.POSCO, the No. 1 steelmaker,

South Korean shares opened higher Wednesday as a bitter verbal war between the United States and North Korea seems to have eased. The benchmark Korea Composite Stock Price Index rose 19.03 points, or 0.82 percent, to 2,353.25 in the first 15 minutes of trading.Most large caps traded mixed with market kingpin Samsung Electronics adding 2.8 percent.Top automaker Hyundai Motor fell 0.35 percent, and top steelmaker POSCO declined 1.23 percent.The local currency was trading at 1,134.55 won against th

Offshore investors remained net buyers of South Korean stocks for the eighth consecutive month in July, with their stock holdings exceeding 600 trillion won ($526.4 billion) for the first time, official data showed Wednesday. Foreign investors boosted their holdings of local stocks by a net 579 billion won in July to 605.7 trillion won, according to the data by the Financial Supervisory Service. For the first seven months of this year, offshore investors bought a net 11.4 trillion won worth of s

Households in South Korea have still appeared to flock to mortgage loans so far this month, despite the government’s strong measures on Aug. 2 to tighten mortgage borrowing, data showed Tuesday.The average volume of household mortgage borrowings per day reached 407.1 billion won ($356.6 million) from 3,167.6 cases during Aug. 7-11, according to data compiled by the Financial Supervisory Service. That was larger than the daily average in July, which came to 288.5 billion won from 2,509 borr

South Korean stocks are expected to experience some corrections over the next couple of months due to the geopolitical risks coming from North Korea and the recent bull market, local observers said Tuesday.The prediction follows the war of words between Washington and Pyongyang over the latest UN sanctions and threats by the North to fire off missiles towards the US Pacific territory of Guam. Observers also said that some sort of adjustment is inevitable following eight straight months of stock

South Korea’s stock market indexes swung back to positive territory Monday, recovering from a bearish trend last week fueled by the United States’ verbal saber-rattling at North Korea in response to its plans to attack US territory with ballistic missiles.　The top-tier Kospi closed at 2,334.22, up 0.63 percent from Friday’s close, while the tech-heavy Kosdaq rose 0.16 percent.Foreign investors maintained the selling trend for four consecutive days on the main bourse Monday, but

Foreigners who had been steadily investing in Asian stock markets began to pull out in July, with South Korean stocks ranking as the second most sold, data showed Monday.This year's figures provided by the Korea Exchange said foreigners net purchased between $2.8 billion and $11.9 billion per month in Asian shares from January to June. China and Japan were excluded from the count because they do not provide separate tallies on offshore investors.The buying spree was bucked in July when foreigner

South Korean shares traded higher late Monday morning as local institutional investors snatched up market heavyweights amid signs of abating tension between North Korea and the United States. The benchmark Korea Composite Stock Price Index gained 11.72 points, or 0.51 percent, to 2,331.43 as of 11:20 a.m. Large caps traded mixed with market kingpin Samsung Electronics adding 0.85 percent, and global chipmaker SK hynix up 3.91 percent.AmorePacific, the largest cosmetics maker, declined 0.18 perce

South Korean shares opened higher Monday as some investors returned to the market amid escalating geopolitical tension between the United States and North Korea. The benchmark Korea Composite Stock Price Index rose 12.54 points, or 0.54 percent, to 2,332.25 in the first 15 minutes of trading.Most large caps traded mixed with market kingpin Samsung Electronics gaining 1.43 percent.Top automaker Hyundai Motor climbed 0.7 percent and top steelmaker POSCO rose 1.42 percent.The local currency was tra

Rising geopolitical instability over North Korea’s provocations hit South Korea’s stock market last week, but experts expressed mixed views on the prospects for the Kospi, which has been setting records in recent months. 　Some say the market responding to North Korea risks is not new. However, what makes the difference now is that the bigger presence of foreign investors could make the market more vulnerable, as they view the North Korea factor more seriously.　The Kospi has fallen 4.

The market value of firms affiliated with South Korea's top 10 conglomerates has tumbled more than 5 percent over the past 10 days due to the escalating standoff between the United States and North Korea over Pyongyang's nuclear and missile programs, data showed Sunday.The combined market capitalization of listed companies belonging to the 10 leading groups came to 884.6 trillion won ($772 billion) as of Friday, down 5.15 percent from Aug. 1, according to Chaebul.com and financial sources.It acc