News
Kospi Swings Jolt Retail Investors as Fund Manager Lays Out July Strategy
5+ hour, 58+ min ago (1341+ words) South Korea's stock market unexpectedly doubled in the first half, leading a rerating of Asia's technology hardware shares alongside Taiwan, where equities gained more than 50%. Japan also rallied, with the Nikkei 225 " where technology stocks account for 40% " climbing 40%. By contrast, offshore…...
Samsung, SK Hynix Face 'Super Week' as Earnings, ADR Listing Test Kospi Rally
6+ hour, 9+ min ago (692+ words) South Korea's stock market enters the second-quarter earnings season in earnest this week, from July 6 to July 10, starting with Samsung Electronics Co.'s preliminary results. Securities firms said on July 5 that the market's direction will depend on whether earnings can…...
Hanwha's Kim Dong-kwan Says Group to Invest $39. 7 Billion in Space, AI by 2040
2+ day, 29+ min ago (563+ words) Hanwha Group said it will invest 55 trillion won ($39. 7 billion) in the aerospace and artificial intelligence industries by 2040. The South Korean conglomerate aims to build an aerospace industry ecosystem centered on the Yeongnam region, secure an independent space launch capability and…...
Kospi Surges 5. 76% to Retake 8, 000; Samsung Electronics Jumps 8. 22%, SK Hynix 10. 88%
2+ day, 31+ min ago (323+ words) The Kospi retook the 8, 000 level on July 3. The benchmark briefly fell below 7, 400 during the session before rebounding sharply, triggering a temporary halt in program buy orders on the main board. The Kospi closed at 8, 088. 34, up 440. 25 points, or 5. 76%, from the previous…...
Citi Sees Won at 1, 500 Per Dollar Within Three Months
2+ day, 3+ hour ago (258+ words) Citibank Korea said it expects the **won-dollar exchange rate** to fall to **about 1, 500 won** within the next three months. Kim Jin-wook, Citi's chief economist, said the exchange rate would fall to about 1, 500 won, helped by **market-stabilization measures**, **currency hedging by…...
Kospi Reclaims 8, 000 During Session, Surges More Than 4%
2+ day, 2+ hour ago (28+ words) bloomingbit Kospi Reclaims 8, 000 During Session, Surges More Than 4% What do you think about this news?...
Bargain Buying Returns to Samsung, SK Hynix a Day After Meta-Led Selloff
2+ day, 6+ hour ago (359+ words) Bargain hunters are moving back into South Korea's two biggest chipmakers, Samsung Electronics Co. and SK Hynix Inc. , just a day after a Meta Platforms Inc. -driven shock sent the stocks sharply lower. As of 9: 13 a. m. on July 3, Samsung Electronics was…...
Yen Carry Trade Unwind Fears Re-Emerge as Risk to US Tech Rally
2+ day, 5+ hour ago (327+ words) The prospect of further interest-rate increases by the Bank of Japan is back in focus, raising concern that an unwind of the yen carry trade could become a new risk to the rally in US technology stocks. The Wall Street…...
Won Opens at 1, 544. 5 Per Dollar as Weak US Jobs Data Weighs on Greenback
2+ day, 5+ hour ago (241+ words) The won opened sharply stronger against the dollar after weak US employment data reduced expectations for another Federal Reserve rate increase. In Seoul on July 3, the won opened daytime trading at 1, 544. 5 per dollar, up 11. 3 won from the previous session. The…...
Kospi Opens Higher on Retail, Institutional Buying but Struggles to Break Out of Flat Range
2+ day, 6+ hour ago (321+ words) The Kospi opened higher on buying by retail and institutional investors, but remained stuck near flat territory. As of 9: 05 a. m. on July 3, the Kospi was up 24. 16 points, or 0. 32%, at 7, 672. 25 from the previous session. The index briefly topped 7, 700 earlier in the session,…...