South Korean stocks fell for the third day in a row Thursday, as investors digested US Federal Reserve Chair Jerome Powell's hawkish remarks reaffirming more interest rate hikes ahead. The local currency dipped against the US dollar. The benchmark Korea Composite Stock Price Index sank 14.17 points, or 0.55 percent, to close at 2,550.02. Trading volume was moderate at 591.9 million shares worth 8.65 trillion won ($6.56 billion), with decliners far outnumbering gainers 737 to 161. "Befo

Dunamu, the operator of Korea's largest cryptocurrency exchange Upbit, has been leading the growth of next-generation technology with its experience in blockchain. The firm has been a pioneer in digital assets, introducing new technologies for lucrative investments. The operator joined hands with entertainment agency Hybe, the K-pop company behind boy band BTS, to launch Levvels, a joint venture that develops and launches non-fungible tokens based on the intellectual property of artists und

South Korean stocks edged higher shortly after starting a tad lower Thursday, as investors were little fazed by US Federal Reserve Chair Jerome Powell's remarks reaffirming the interest rate hike campaign is not over. The benchmark Korea Composite Stock Price Index gained 8.82 points, or 0.34 percent, to 2,573.01 in the first 15 minutes of trading. Speaking at a European Central Bank forum in Portugal on Wednesday, Powell reiterated that the Fed will further raise its interest rates this ye

South Korean stocks closed 0.67 percent lower Wednesday, led by foreign selling, as sound US economic data adding justification for the Federal Reserve's interest rate hikes dampened investor sentiment. The local currency lost ground against the US dollar. The benchmark Korea Composite Stock Price Index slid 17.20 points to finish at 2,564.19. Trading volume was moderate at 477.4 million shares worth 8.66 trillion won ($6.62 billion), with decliners outpacing gainers 502 to 366. "The s

Most finance-related businesses adopt 'international age'

South Korean stocks opened nearly flat Wednesday, as global recession woes eased after better-than-expected US economic data. The benchmark Korea Composite Stock Price Index rose 2.15 points, or 0.08 percent, to 2,583.54 in the first 15 minutes of trading. US consumer confidence jumped unexpectedly to a near 18-month high in June. Orders of durable manufactured goods increased last month, and new home sales sharply rose to an over-one-year high in May. Investors have their eye on what US Federal

South Korean stocks closed almost flat Tuesday, as tech blue-chips pared earlier losses, with eyes on what US Federal Reserve Chair Jerome Powell will say about monetary policy at a forum this week. The benchmark Korea Composite Stock Price Index slipped 0.81 points, or 0.03 percent, to finish at 2,581.39. Trading volume was moderate at 528.7 million shares worth 8.36 trillion won ($6.42 billion) with gainers outnumbering decliners 437 to 430. "Powell's remarks due later this week coul

South Korean stocks opened lower Tuesday, driven by a decline in big tech companies, as investors wait to hear what US Federal Reserve Chair Jerome Powell will say about monetary policy at a forum this week. The benchmark Korea Composite Stock Price Index fell 9.59 points, or 0.37 percent, to 2,572.61 in the first 15 minutes of trading. Investors have remained cautious after Powell said last week that US interest rates will need to be raised once or twice more this year, dampening hopes for the

South Korean stocks closed higher Monday on advances in tech and auto shares. The local currency went down against the US dollar. After choppy trading, the benchmark Korea Composite Stock Price Index climbed 12.10 points, or 0.47 percent, to 2,582.20. Trading volume was moderate at 473 million shares worth 8.3 trillion won ($6.4 billion) with gainers outstripping decliners 494 to 381. The index opened lower on losses on Wall Street amid US Federal Reserve Chairman Jerome Powell's remarks re

South Korean stocks opened a tad lower Monday, tracking losses on Wall Street amid concerns over economic recession and profit taking. The benchmark Korea Composite Stock Price Index fell 3.08 points, or 0.12 percent, to 2,567.02 in the first 15 minutes of trading. All US stock indexes finished lower Friday after US Federal Reserve Chairman Jerome Powell reaffirmed the need for more interest rate hikes at a testimony before Congress last week. In Seoul, mega-cap shares opened mixed. Tech heavywe

South Korean stocks turned lower after starting marginally higher Friday, as US Federal Reserve Chairman Jerome Powell's remarks reaffirming the need for more interest rate hikes sapped investor appetite. After starting a tad higher, the benchmark Korea Composite Stock Price Index fell 1.68 points, or 0.06 percent, to 2,592.02 in the first 15 minutes of trading. Powell reiterated on the second day of his two-day testimony before Congress that there is still a long way before the Fed stops i

South Korean stocks finished higher Thursday, breaking a three-day losing streak, as investors digested the US Federal Reserve chairman's hawkish congressional testimony. The local currency dropped against the US dollar. The benchmark Korea Composite Stock Price Index gained 11.07 points, or 0.43 percent, to close at 2,593.7. Trade volume was moderate at 601.54 million shares worth 8.76 trillion won ($6.7 billion), with decliners outnumbering gainers 492 to 358. Foreign and retail investors

South Korea’s tertiary bourse, the Konex, has seen stunning growth since its debut in 2013, with its total market capitalization surging tenfold over the past decade. Konex, or the Korea New Exchange, is the nation’s third stock market that opened in July 2013 in addition to the benchmark Kospi and tech-heavy Kosdaq. The bourse aims to trade shares in smaller firms and give them growth-inducing capital. According to the Korea Exchange, the nation’s sole bourse operator, the mar

South Korean stocks opened almost flat Thursday after the US Federal Reserve chief hinted at more rate hikes this year. The benchmark Korea Composite Stock Price Index inched up 3.15 points, or 0.12 percent, to 2,585.78 in the first 15 minutes of trading. Overnight, all three major US equity indexes ended in negative territory, after Fed Chair Jerome Powell said during his congressional testimony that the central bank remained focused on wrestling down inflation back to its 2 percent target and

South Korean stocks slid for the third consecutive session Wednesday, as investors awaited the US Federal Reserve chairman's congressional testimony. The local currency went down against the US dollar. The benchmark Korea Composite Stock Price Index slipped 22.28 points, or 0.86 percent, to close at 2,582.63. Trade volume was moderate at 644.16 million shares worth 10.21 trillion won ($7.9 billion), with decliners outnumbering gainers 678 to 207. Retail investors scooped up a net 624.8 bill