South Korean stocks surged over 5.6 percent Monday as the country reimposed a ban on stock short selling to crack down on illegal market practices by global investment banks. The local currency sharply rose against the greenback. The benchmark Korea Composite Stock Price Index soared 134.03 points, or 5.66 percent, to close at 2,502.37, extending its winning streak to a fourth day. Tech and battery-related stocks led the overall market advance. Trading volume was high at 518.4 million shares wor

South Korean stocks opened higher Monday as the country launched a temporary ban on stock short selling to crack down on illegal market practices by global investment banks. The benchmark Korea Composite Stock Price Index climbed 48.16 points, or 2.03 percent, to 2,416.50 in the first 15 minutes of trading. On Sunday, the Financial Services Commission announced the ban on stock short selling, effective starting Monday through the end of June 2024, citing concerns about growing market volatility

South Korean stocks advanced for the third consecutive session Friday amid hope that the US rate-hike cycle has come to an end. The local currency sharply rose against the greenback. The benchmark Korea Composite Stock Price Index shot up 25.22 points, or 1.08 percent, to close at 2,368.34. Trading volume was moderate at 567 million shares worth 7.86 trillion won ($5.94 billion), with gainers outnumbering losers 717 to 159. Foreigners dumped a net 134.8 billion won worth of local shares, and ind

South Korean stocks opened higher Friday tracking overnight gains on Wall Street amid expectations that the Federal Reserve's monetary tightening mode has passed. The benchmark Korea Composite Stock Price Index shot up 20.62 points, or 0.88 percent, to 2,363.74 in the first 15 minutes of trading. US stocks closed higher overnight, with the Dow Jones Industrial Average advancing 1.7 percent and the Nasdaq Composite rising 1.78 percent. The Fed has kept its benchmark lending rate steady at a

South Korean stocks soared nearly 2 percent Thursday after the US Federal Reserve held its key rate steady as widely expected overnight. The local currency sharply rose against the greenback. The benchmark Korea Composite Stock Price Index shot up 41.56 points, or 1.81 percent, to close at 2,343.12 Trading volume was moderate at 370 million shares worth 7.57 trillion won ($5.63 billion), with gainers outnumbering losers 693 to 207. Foreigners dumped a net 141.3 billion won worth of local shares,

South Korean stocks kicked off higher on Thursday after the US Federal Reserve held its key rate steady as widely expected. The benchmark Korea Composite Stock Price Index shot up 37.01 points, or 1.61 percent, to 2,338.57 in the first 15 minutes of trading. Overnight, the Fed held its benchmark lending rate steady at a 22-year high for a second consecutive time as it keeps striving to bring down inflation to its 2 percent target. US stocks closed higher, with the Dow Jones Industrial Average ad

South Korean stocks got off to a strong start Wednesday, tracking overnight gains on Wall Street, as investors picked up tech bargains following a recent sharp fall awaiting the Federal Reserve's rate-setting decision. The benchmark Korea Composite Stock Price Index added 31.57 points, or 1.39 percent, to 2,309.56 in the first 15 minutes of trading. Overnight, US shares finished higher, with the Dow Jones Industrial Average rising 0.38 percent and the tech-heavy Nasdaq Composite going up 0.

South Korean stocks slid to the lowest point since early January on Tuesday as investors await the Federal Reserve's policy meeting this week. The local currency rose against the greenback. The benchmark Korea Composite Stock Price Index fell 32.56 points, or 1.41 percent, to close at 2,277.99, marking the lowest point since Jan. 5, when the comparable figure was 2,264.65. Trading volume was moderate at 387.6 million shares worth 8 trillion won ($5.95 billion), with losers outnumbering gain

South Korea stocks got off to a strong start Tuesday, tracking overnight gains on Wall Street, analysts said. The benchmark Korea Composite Stock Price Index rose 7.09 points, or 0.31 percent, to 2,317.64 in the first 15 minutes of trading. US stocks closed higher overnight, with the Dow Jones Industrial Average advancing 1.58 percent and the Nasdaq Composite rising 1.16 percent. The rebound came after investors scooped up bargain shares ahead of the US Federal Reserve's monetary policy mee

South Korea's state pension fund registered some 10 percent yield through October on the back of good performance in its investments in local and overseas stocks, its operator said Monday. The National Pension Service (NPS) said the national pension fund logged a 10.27 percent return in the January-October period, with the value of its assets under management reaching 997.38 trillion won($739 billion) as of end-October. Last year, the pension fund logged its worst return at minus 8.28 perce

South Korean stocks closed slightly higher Monday as investors scooped up bargains ahead of the US Federal Reserve's policy meeting this week, analysts said. The local currency closed higher against the greenback. The benchmark Korea Composite Stock Price Index gained 7.74 points, or 0.34 percent, to close at 2,310.55. Trading volume was moderate at 437 million shares worth 6.82 trillion won ($5 billion), with gainers outnumbering losers 593 to 281. After opening lower, shares rebounded lat

Mirae Asset Global Investments is making its foray into China’s exchange-traded fund market, becoming the first Korean asset management firm to do so. The Global X Hang Seng Tech ETF, operated by the asset manager’s ETF arm in Hong Kong, will be set up for trading on China’s Shanghai Stock Exchange and Shenzhen Stock Exchange from Nov. 6. The ETF tracks the Hang Seng Tech index, a gauge of the 30 largest Chinese tech shares listed on the Hong Kong Stock Exchange. Through the

South Korean stocks opened lower Monday as investors sat on the sidelines as the US Federal Reserve is set to hold its monetary policy meeting later this week. The benchmark Korea Composite Stock Price Index fell 3.78 points, or 0.16 percent, to 2,299.03 in the first 15 minutes of trading. The Federal Reserve is set to hold its two-day meeting Tuesday and Wednesday, with investors focusing on whether Federal Reserve Chairman Jerome Powell will provide any hint on future monetary policy. Tech gia

Korea’s benchmark stock index Kospi recovered to over 2,300 points on the back of bargain hunting on Friday, after experiencing a huge dip the day before. The Kospi closed at 2,302.81, up 3.73 points from the previous day. Despite massive sell-offs by foreign investors, retail investors and institutions backed the index, net buying 100.5 billion won ($74.1 million) and 221.9 billion won, respectively. Foreign investors sold off 378.9 billion won. The Kosdaq, Korea’s secondary bourse,

South Korean stocks opened higher Friday as higher-than-expected US economic growth and solid consumer demand boosted hopes for a pause in the Federal Reserve's rate hike march. The benchmark Korea Composite Stock Price Index added 12.04 points, or 0.52 percent, to 2,311.12 in the first 15 minutes of trading, making a rebound from the previous day's crash. Overnight, all three major US indexes closed lower due to a slide in tech blue chips that posted disappointing earnings. Data showe