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Seoul shares open lower on Wall Street losses

Sept 1, 2016

[THE INVESTOR] South Korean stocks started lower on Sept. 1, tracking Wall Street’s overnight losses.The benchmark KOSPI fell 12.60 points, or 0.62 percent, to 2,022.05 in the first 20 minutes of trading.In New York, the Dow Jones Industrial Average fell 53.42 points, or 0.29 percent, to 18,400.88, hit by the drop in oil prices and energy shares. Some strong economic data added to the possibility of the US raising the key interest rate in the near future.On the Seoul bourse, many large caps were
Austem makes W5b sales in deal with GM Indonesia

Aug 31, 2016

[DISCLOSURE] Austem (031510) reported on Aug. 31 that it has made 4.7 billion won in sales so far, implementing 17.9 percent of a 26 billion won deal with GM Indonesia, initiated on Aug. 1, 2012. Austem will continue supplying auto parts such as front cradle and rear axle until Dec. 31, 2017. By Jung Min-kyung (mkj1105@heraldcorp.com)
Seoul shares slip on US rate uncertainty

Aug 31, 2016

[THE INVESTOR] South Korean shares slipped on Aug. 31, as institutional investors offloaded shares amid uncertainty over the US monetary policy. The local currency rose against the US dollar.The benchmark KOSPI shed 5.09 points, or 0.25 percent, to 2,034.65. Trade volume came to 396.12 million shares worth 5.39 trillion won (US$4.80 billion), with decliners outnumbering advancers 494 to 322.Institutions net-sold 9.3 billion won worth of stocks, while foreigners and individuals bought a net 20.2
Seoul shares edge down in late morning trade

Aug 31, 2016

[THE INVESTOR] South Korean stocks ticked down late morning on Aug. 31 amid uncertainty over the US monetary policy.The benchmark KOSPI fell 5.45 points, or 0.27 percent, to 2,034.29 as of 11:20 a.m.Foreigners were offloading stocks, while institutional investors and individuals were net-buyers of shares.Analysts cited traders’ prudent stance and a lack of momentum to push up the KOSPI.“The US rate-hike issue persists. Chances are high that the market will waver in accordance with economic data
Hansol Chemical to offer collateral for affiliate’s W59b loan

Aug 31, 2016

[DISCLOSURE] Hansol Chemical (014680) said on Aug. 30 that it has decided to offer collateral worth 35.4 billion won (US$31.6 million) to Shinhan Investment and three others, for its affiliate, Tapex’s 59 billion won loan. The institutions will receive pledges on Tapex’s 2,137,000 shares from its merger with HT Investment Purpose. The offer period is from Aug. 31 to May 30, 2021. By Jung Min-kyung (mkj1105@heraldcorp.com)
Seoul stocks open nearly flat on Aug. 31

Aug 31, 2016

[THE INVESTOR] South Korean stocks started almost flat on Aug. 31, following Wall Street’s overnight losses.The benchmark KOSPI fell 0.25 points, or 0.01 percent, to 2,039.49 in the first 15 minutes of trading.In New York, the Dow Jones Industrial Average lost 48.69 points, or 0.26 percent, at 18,454.30. Market observers attributed the declined to renewed concern about the timing of the US interest rate hike.On the Seoul bourse, large caps were mixed.Samsung Electronics lost 1.09 percent, while
Seoul shares rebound on eased US rate concerns

Aug 30, 2016

[THE INVESTOR] South Korean stocks made small gains on Aug. 30 as concerns on a US rate hike eased. The benchmark KOSPI climbed 7.39 points, or 0.36 percent, to 2,039.74. Trade volume came to 374.88 million shares worth 3.76 trillion won (US$3.30 billion), with gainers outnumbering losers 473 to 333.Foreigners and institutions net-purchased 55.8 billion won and 12.1 billion won worth of stocks, respectively, while individuals sold a net 17.2 billion won worth of stocks.The KOSPI’s advance came a
Seoul stocks up in late morning trade

Aug 30, 2016

[THE INVESTOR] South Korean stocks climbed 0.8 percent late morning on Aug. 30, on renewed sentiment following Wall Street’s overnight rise.The benchmark KOSPI rose 16.27 points, or 0.8 percent, to 2,048.62 as of 11:20 a.m. Foreigners and institutional investors were net-buyers of shares, while individuals were net-sellers.The KOSPI’s upswing came after recording a four-day losing streak amid widespread expectations that the US Federal Reserve will raise the key interest rate at least once withi
Nexturn to issue common, bonus shares for W30b capital increase

Aug 30, 2016

[DISCLOSURE] Nexturn (089140) said on Aug. 29 that it has decided on a capital increase worth W30.1 billion won (US$26.90 million) by issuing 1,661,800 new shares and 2,284,720 bonus shares. The common stocks will be issued at the price of 18,100 won per share to existing shareholders and listed on Nov. 17. The bonus shares will be issued at the ratio of 1:0.4520346849 on Aug. 3, and listed on Nov. 24. By Jung Min-kyung (mkj1105@heraldcorp.com)
Seoul stocks open higher on Wall Street gains

Aug 30, 2016

[THE INVESTOR] South Korean stocks opened higher on Aug. 30, following Wall Street’s overnight rise.The benchmark KOSPI climbed 13.51 points, or 0.66 percent, to 2,045.86 in the first 15 minutes of trading.The advance was apparently helped by gains on the New York Stock Exchange. The Dow Jones industrial average rose 107.59 points, or 0.58 percent, to 18,502.99, led by the banking sector being boosted by expectations that the Fed’s interest rate hikes will increase their lending margins. On the
Seoul shares down for 4th consecutive day

Aug 29, 2016

[THE INVESTOR] South Korean stocks closed lower on Aug. 29, extending their losing streak to a fourth day on concerns that the US may soon raise its key interest rate. The local currency sharply lost ground against the US dollar.The benchmark KOSPI dropped 5.15 points, or 0.25 percent, to 2,032.35. Trade volume came to 314.35 million shares worth 3.80 trillion won (US$3.30 billion), with losers outnumbering gainers 668 to 157.Foreigners net-purchased 83.4 billion won worth of stocks, while insti
Seoul stocks down in late morning trade

Aug 29, 2016

[THE INVESTOR] South Korean stocks were slightly lower late morning on Aug. 29, as institutional investors offloaded shares amid indications that the US may soon raise its key interest rate.The benchmark KOSPI shed 10.32 points, or 0.51 percent, to 2,027.18 as of 11:20 a.m. The local currency lost ground against the US dollar.US Federal Reserve Chair Janet Yellen openly said last week that “the case for an increase in the federal funds rate has strengthened in recent months.”Analysts here constr
Seoul stocks open lower on Aug. 29

Aug 29, 2016

[THE INVESTOR] South Korean stocks opened slightly lower on Aug. 29, amid indications that the US may raise its key interest rate.The benchmark KOSPI shed 7.85 points, or 0.39 percent, to 2,029.65 in the first 15 minutes of trading.Last week, Federal Reserve leaders hinted at the possibility of an interest-rate hike as early as next month.Market watchers will also closely monitor US job data to be released on Sept. 1 and the results of the G-20 Leaders’ Summit scheduled to open in the eastern Ch
S. Korean stocks suffer on US fears

Aug 26, 2016

[THE INVESTOR] South Korean shares took a downward slide on Aug. 26, as investors took to the sidelines amid growing concerns over a US rate hike. The local currency, however, saw gains the greenback.The benchmark KOSPI lost 5.42 points, or 0.27 percent, to 2,037.5. Trading volume was slim at 268.85 million shares worth 3.69 trillion won (US$3.31 billion), with losers outnumbering gainers 431 to 367.The index opened sharply lower, tracking overnight losses on Wall Street, partly caused by concer
S. Korean shares lose ground in late morning

Aug 26, 2016

[THE INVESTOR] South Korean shares had seen a decline of 0.24 percent in late morning trade Aug. 26, as foreign investors continued to sell for a third consecutive session. The benchmark KOSPI lost 4.95 points to 2,037.97 as of 11:20 a.m.The index opened sharply lower following overnight losses on Wall Street. The Dow Jones Industrial Average closed 0.18 percent lower at 18,448.41 on Thursday, with the tech-laden NASDAQ also slipping 0.11 percent to 5,212.20.Foreigners offloaded a net 73.4 billi