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Seoul shares open slightly lower on Trump tariff on copper, medicine
South Korean stocks started a tad lower Wednesday on US President Donald Trump's renewed tariff threats on copper and pharmaceuticals. The benchmark Korea Composite Stock Price Index shed 0.19 point, or 0.01 percent, to 3,114.76 in the first 15 minutes of trading. Trump announced plans to impose a 50 percent duty on copper imports and up to 200 percent tariffs on pharmaceuticals on Tuesday (US time), a day after he released letters sent to South Korea, Japan and other countries, detailing plans
July 9, 2025 -
Seoul shares soar nearly 2% as US-led trade talks to continue till Aug.
South Korean stocks closed higher for two sessions in a row Tuesday as investors were relieved with US President Donald Trump's letters to trade partners that extend the deadline for tariff talks to the start of next month. The local currency fell slightly against the US dollar. The benchmark Korea Composite Stock Price Index added 55.48 points, or 1.81 percent, to close at 3,114.95. Trade volume was heavy at 735.5 million shares worth 13.2 trillion won ($9.65 billion), with gainers outnumbering
July 8, 2025 -
Seoul shares open higher despite US tariff notification, Samsung's weak earnings
Seoul shares opened nearly 1 percent higher Tuesday despite US President Donald Trump's decision to impose 25 percent tariffs on South Korean imports and a sluggish first-quarter earnings guidance report from Samsung Electronics. The benchmark Korea Composite Stock Price Index climbed 28.35 points, or 0.93 percent, to 3,087.82 in the first 15 minutes of trading. Earlier in the day, Trump unveiled a letter addressed to South Korean President Lee Jae Myung, saying that the United States will start
July 8, 2025 -
Seoul shares end higher ahead of US tariff details
Seoul shares closed higher Monday as investors awaited progress on trade deals with the United States ahead of the July 9 deadline set by President Donald Trump. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 5.19 points, or 0.17 percent, to close at 3,059.47. Trade volume was moderate at 349.78 million shares worth 10.11 trillion won ($7.4 billion), with losers beating winners 459 to 427. Individuals bought a net 152.66 billion won worth of stock
July 7, 2025 -
Seoul shares open lower ahead of US tariff details
Seoul shares opened lower Monday as investors awaited further details from the US government on tariffs ahead of a July 9 deadline. The benchmark Korea Composite Stock Price Index fell 3.78 points, or 0.12 percent, to 3,050.50 in the first 15 minutes of trading. With country-by-country tariffs set to take effect Aug. 1, major US trading partners, including South Korea, have stepped up efforts to secure trade deals or lobby for more time. The Trump administration plans to send letters to trading
July 7, 2025 -
LS Cable wins additional W147.7b order from Singapore
LS Cable & System, South Korea's leading wire and cable maker, said Friday it has won a 147.7 billion-won ($108.3 million) high-voltage cable contract from Singapore. The latest deal follows a previous 201.5 billion-won contract signed in April with SP PowerAssets Ltd., Singapore's state-owned power transmission and supply authority, the company said. With the new contract, LS Cable's total order volume from Singapore this year amounts to 349.2 billion won. LS Cable said it will supply 230-kilov
July 4, 2025 -
Seoul shares fall nearly 2% on profit taking
South Korean stocks finished markedly lower Friday, as investors took a breather following recent gains while watching developments in tariff talks with the United States. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 61.99 points, or 1.99 percent, to close at 3,054.28. Trade volume was moderate at 511.83 million shares worth 13.25 trillion won ($9.93 billion), with losers beating winners 738 to 160. Institutional investors net sold 444.03 bi
July 4, 2025 -
Seoul shares open lower on profit-taking
South Korean stocks opened marginally lower Friday, despite overnight US gains, due to profit-taking following sharp increases the previous session. The benchmark Korea Composite Stock Price Index fell 10.2 points, or 0.33 percent, to 3,106.07 in the first 15 minutes of trading. The index jumped to the highest level in nearly four years Thursday, as investors welcomed the National Assembly's passage of the shareholder-friendly Commercial Act revision and progress in tariff talks between the Unit
July 4, 2025 -
Police raid Korea Exchange in connection with alleged irregularity of BTS agency chairman
Police have raided the Korea Exchange, South Korea's stock market operator, as part of an investigation into allegations of irregularity involving the chairman of Hybe, the K-pop agency behind boy band BTS, according to sources Thursday. Investigators at the Seoul Metropolitan Police Agency raided the offices of the KRX in Yeouido, western Seoul, on Monday to search and secure evidence related to the K-pop agency's stock market debut in 2020, the sources said. The raid was carried out in connect
July 3, 2025 -
Seoul shares rise over 1% on tech companies, steelmakers, law revision
South Korean stocks finished more than 1 percent higher Thursday, led by gains of major tech and steel shares, as investor sentiment was buoyed by the revision of the shareholder-friendly Commercial Act and developments in tariff talks with the United States. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 41.21 points, or 1.34 percent, to close at 3,116.27. Trade volume was moderate at 527.53 million shares worth 14.68 trillion won ($10.79 bil
July 3, 2025 -
Seoul shares open higher on US gains, commercial act revision
South Korean stocks opened higher Thursday, taking a cue from US gains, as investors monitored developments on the potential revision of the Commercial Act and tariff talks with the United States. The benchmark Korea Composite Stock Price Index rose 25.66 points, or 0.83 percent, to 3,100.72 in the first 15 minutes of trading. Investors welcomed the news about a compromise between rival parties on the revision of the shareholder-friendly Commercial Act, as well as a tariff agreement between the
July 3, 2025 -
Seoul shares fall on profit taking amid tariff woes
South Korean stocks finished lower Wednesday as investors moved to take profits from recent gains amid concerns about the United States' tariff scheme. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index shed 14.59 points, or 0.47 percent, to close at 3,075.06, ending a two-day winning streak. Trade volume was moderate at 691.15 million shares worth 14.59 trillion won (US$10.73 billion), with winners beating losers 451 to 433. Foreign investors sold a n
July 2, 2025 -
Seoul shares open lower on profit-taking
South Korean stocks opened lower Wednesday following recent marked gains. The benchmark Korea Composite Stock Price Index fell 30.74 points, or 0.99 percent, to 3,058.91 in the first 15 minutes of trading. During the previous two sessions, the index surged amid expectations for progress in US tariff talks and the revision of the shareholder-friendly Commercial Act. Overnight, US shares closed mixed, as an unexpected rise in job openings dimmed the outlook for the Federal Reserve's interest rate
July 2, 2025 -
HD Hyundai merges two construction affiliates for global expansion
HD Hyundai XiteSolution announced Tuesday that its two construction affiliates — HD Hyundai Construction Equipment and HD Hyundai Infracore — decided to merge to form a new company tentatively named HD Construction Equipment, aiming to boost competitiveness amid intensifying industry dynamics. According to regulatory filings, separate meetings by the board of directors at the two companies approved the merger. HD Hyundai Construction Equipment will remain and is expected to begin as HD Construct
July 1, 2025 -
Seoul shares rise for 2nd day on hopes for US tariff talks, Commercial Act revision
South Korean stocks rose for a second straight session Tuesday as investors welcomed signs of progress in trade talks over the United States' tariff scheme and were keen on a potential revision of a shareholders-friendly law. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index added 17.95 points, or 0.58 percent, to close at 3,089.65. Trade volume was moderate at 563.22 million shares worth 14.99 trillion won ($11.05 billion), with winners beating loser
July 1, 2025