Seoul shares ended sharply lower Thursday, led by a drop in big techs, amid renewed concerns about an economic recession. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index shed 35.98 points, or 1.44 percent, to close at 2,459.23. Trading volume was moderate at 736.7 million shares worth 11.1 trillion won ($8.4 billion), with decliners far outpacing gainers 700 to 191. Institutions and foreign investors offloaded a net combined 986 billion won worth of sto

Seoul shares opened lower Thursday amid renewed concerns about an economic recession. The benchmark Korea Composite Stock Price Index went down 16.45 points, or 0.66 percent, to 2,478.76 in the first 15 minutes of trading. Overnight, US stocks closed mixed as investors assessed what the weaker-than-expected jobs data, showing US private job growth slowed in March, says about the health of the broader economy. The tech-heavy Nasdaq Composite shed 1.07 percent, and the S&P retreated 0.25 per

Seoul shares ended higher Wednesday on the back of gains in tech and battery makers, though investors remain concerned about a potential slowdown after the release of weak US economic data. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 14.70 points, or 0.59 percent, to close at 2,495.21. Trading volume was moderate at 624.56 million shares worth 9.6 trillion won ($7.3 billion), with decliners outpacing gainers 458 to 415. Investors are closely ke

Seoul shares opened higher Wednesday helped by gains in techs and autos amid renewed concerns over the US banking crisis. The benchmark Korea Composite Stock Price Index rose 10.01 points, or 0.4 percent, to 2,490.52 in the first 15 minutes of trading. The main index bucked losses on Wall Street. Overnight, the Dow Jones Industrial Average fell 0.6 percent, and the tech-heavy Nasdaq Composite shed 0.5 percent amid a sell-off in banks. Citigroup Inc., Wells Fargo & Co. and other US lenders pl

Seoul shares ended higher Tuesday helped by tech gains, with OPEC+ members' plan to cut oil output raising concerns over inflation. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 8.17 points, or 0.33 percent, to close at 2,480.51. Trading volume was moderate at 808.77 million shares worth 12.72 trillion won ($9.7 billion), with gainers outpacing decliners 634 to 242. The oil producers' surprise decision to cut output came just days after

Seoul stocks opened a tad higher Tuesday despite the inflation concerns fueled by OPEC+'s surprise plan to cut oil output. The benchmark Korea Composite Stock Price Index rose 13.03 points, or 0.53 percent, to 2,485.37 in the first 15 minutes of trading. Overnight, US shares closed mixed amid concerns of an energy price hike after OPEC+ announced a cut in oil production. The Dow Jones Industrial Average rose 0.98 percent, while the tech-heavy Nasdaq Composite dipped 0.27 percent. South Kore

South Korean shares ended lower to snap their four-day winning streak Monday as Saudi Arabia and other OPEC+ members' announcement of surprise output cuts are raising renewed concerns over inflation. The Korean won sharply fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 4.52 points, or 0.18 percent, to close at 2,472.34. Trading volume was moderate at 801.73 million shares worth 11.16 trillion won ($8.5 billion), with gainers outpacing decliners 510 to 370.

Seoul shares opened lower Monday, bucking gains on Wall Street last week, despite expectations that the Federal Reserve may slow down its monetary tightening mode after key inflation data showed signs of easing. The benchmark Korea Composite Stock Price Index fell 3.93 points, or 0.16 percent, to 2,472.93 in the first 15 minutes of trading. On Friday, the Dow Jones Industrial Average rose 1.3 percent, and the tech-heavy Nasdaq Composite jumped 1.7 percent The personal consumption expenditure pri

South Korean stocks ended markedly higher Friday to extend their winning streak to a fourth session as investors pinned hopes on a turnaround in the global semiconductor sector amid eased fears over the global banking turmoil. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index added 23.7 points, or 0.97 percent, to close at 2,476.86. Trading volume was a bit heavy at 705.36 million shares worth 12.51 trillion won ($9.62 billion), with gainers outpacing

South Korean stocks opened higher Friday, tracking Wall Street gains overnight, as concerns about turmoil in the global banking sector have eased. The benchmark Korea Composite Stock Price Index added 7.12 points, or 0.29 percent, to 2,460.28 in the first 15 minutes of trading. Overnight, US shares rose as investors await the US inflation data to be released later in the day. The Dow Jones Industrial Average rose 0.43 percent, and the tech-heavy Nasdaq Composite grew 0.73 percent. In Seoul, top-

Mirae Asset Global Investments announced on Thursday that Global X Japan, its joint investment venture in Japan, surpassed 100 billion yen ($756 million) in assets under management, just two years after launching its first product. Global X Japan is a joint venture established in September of 2019 by Global X Management – a New York-based fund management firm acquired by Mirae Asset Global Investments in 2018 – and Japanese investment company Daiwa Asset Management. It is the only ma

Seoul shares finished higher for a third straight session Thursday, as eased market jitters about the global banking sector have boosted investor sentiment. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index advanced 9.24 points, or 0.38 percent, to close at 2,453.16. Trading volume was moderate at about 579 million shares worth some 10.3 trillion won ($7.97 billion), with gainers far outnumbering losers 594 to 276. Institutions and retail investors offl

LG Energy Solution CEO Kwon Young-soo has purchased 1,000 shares of the company’s stock, according to the firm's public disclosure on Thursday. The price for each share during the time of purchase was 572,800 won ($446), bringing the total value to 572.8 million won. The CEO in April last year purchased 1,000 company shares at 420,000 won each. “By consistently purchasing shares of our company, CEO Kwon is enhancing our shareholder value and demonstrating responsible management,

Seoul shares opened flat on Thursday amid easing anxiety about the global banking system. The benchmark Korea Composite Stock Price Index moved slightly up 0.65 point, or 0.03 percent, to 2,444.57 in the first 15 minutes of trading. Overnight, US stocks closed up, led by tech gains amid improved sentiment about the global banking sector. The S&P 500 went up 1.42 percent, the Dow Jones Industrial Average added 1 percent, and the tech-heavy Nasdaq Composite rose 1.79 percent. In Seoul, most la

Seoul shares finished higher for the second straight session Wednesday as investors' anxiety about the global banking system has eased. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index advanced 8.98 points, or 0.37 percent, to close at 2,443.92. Trading volume was moderate at about 487 million shares worth some 8.6 trillion won ($6.6 billion), with gainers outnumbering losers 553 to 305. Institutions and foreigners bought a net 329 billion won and 6