[THE INVESTOR] South Korean shares traded 0.54 percent higher late morning on Aug. 5 as foreign investors welcomed the Bank of England’s interest rate cut and stimulus package. The benchmark KOSPI added 10.89 points to 2,010.92 as of 11:20 a.m.A rally in tech shares lifted the index. Market kingpin Samsung Electronics increased 2.24 percent, and chip giant SK hynix advanced 2.38 percent. Cosmetic shares, which heavily rely on exports to China, were down as Seoul’s relations with Beijing have sou

[THE INVESTOR] South Korean shares closed higher on Aug. 4 as crude oil rebounded after US inventories data showed a drop in gasoline stockpiles. The Korean won firmed against the US dollar.The benchmark KOSPI rose 5.24 points, or 0.26 percent, to 2,000.03. Trade volume was moderate at 322.82 million shares worth 3.58 trillion won (US$3.21 billion), with winners outnumbering gainers 464 to 320.Local shares got off to a strong start following a positive lead from Wall Street as rebounding oil pri

[THE INVESTOR] South Korean shares traded 0.18 percent higher late morning on Aug. 4 as crude oil rebounded after US inventories data showed a drop in gasoline stockpiles.The benchmark KOSPI gained 3.53 points to 1,998.32 as of 11:20 a.m.Chemical shares led the gains after West Texas Intermediate crude jumped 3.3 percent to settle at $40.83 a barrel on Aug. 3, after declining 5 percent over the previous two sessions. SK Innovation, the nation‘s largest refiner, jumped 3.87 percent, and No. 3 S-O

[DISCLOSURE] Hyundai Securities (003450) said on Aug. 3 that it plans to swap shares at a ratio of 1:0.1907312 with KB Financial Group (105560) to become a wholly owned subsidiary. The price is 35,474 won (US$31.82) per share for KB and 6,766 won per share for Hyundai Securities. Hyundai added that it plans to hold a shareholders meeting on the matter on Oct. 25.

[THE INVESTOR] South Korean shares traded 0.39 percent down in late morning on Aug. 2, with chemical shares leading the way.The benchmark Korea Composite Stock Price Index lost 7.91 points to 2,022.07 as of 11:20 a.m.Shares across the board traded bearish as institutions dumped local shares. Petrochemical shares slid as US crude on Aug. 1 fell below $40 per barrel for the first time since April on concerns over a supply glut. Top refiner SK Innovation decreased 2.33 percent, and No. 3 S-Oil retr

[THE INVESTOR] South Korean shares traded 0.67 percent up in late morning on Aug. 1, with tech shares leading the gains. The benchmark Korea Composite Stock Price Index scored 13.43 points to 2,029.62 as of 11:20 a.m.Samsung Electronics surged 2.14 percent, continuing its rally after posting robust second-quarter earnings, and chip giant SK hynix advanced 1.31 percent.Auto shares were also in the positive terrain. Industry leader Hyundai Motor increased 1.89 percent, and its sister company Kia M

[DISCLOSURE] KC Cottrell (119650) said on Aug. 1 that is has signed a 51.4 billion won (US$46.20 million) construction deal regarding supply of flue gas desulfurization in Vietnam. The deal accounts for 27.51 percent of the firm’s 2015 revenue and will expire Feb. 28, 2019.