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Seoul shares open higher despite Wall Street losses
South Korean stocks opened higher Monday despite losses on Wall Street amid worsening military conflicts between Israel and Iran. The benchmark Korea Composite Stock Price Index added 6.96 points, or 0.24 percent, to 2,901.58 in the first 15 minutes of trading. On Friday, major U.S. indexes lost ground on escalating tensions in the Middle East sparked by Israel's airstrikes on Iranian military and nuclear facilities. The Dow Jones Industrial Average lost 1.79 percent, the tech-heavy Nasdaq compo
June 16, 2025 -
Seoul shares open lower on tariff woes, Middle East tension
South Korean stocks opened lower Friday on concerns over the impact of the planned expansion of the United States' tariffs on steel derivative imports and rising tensions in the Middle East. The benchmark Korea Composite Stock Price Index lost 6.67 points, or 0.23 percent, to 2,913.36 in the first 15 minutes of trading. Overnight, Wall Street closed higher on reduced inflationary pressure and stable interest rates. The Dow Jones Industrial Average gained 0.24 percent, the tech-heavy Nasdaq compo
June 13, 2025 -
Seoul shares extend winning streak to 7th day; won sharply up
South Korean stocks closed higher Thursday, extending their winning streak to a seventh session, driven by big gains in the defense and energy sectors The benchmark Korea Composite Stock Price Index rose 12.99 points, or 0.45 percent, to end at 2,920.03. Foreigners briefly turned to net sellers in the middle of the day to lock in profits but ended up purchasing a net 405.7 billion won ($299 million) worth of local shares. Retail investors and institutions unloaded 175.1 billion won and 239.7 bil
June 12, 2025 -
US leads foreign inflow into Kospi after 10-month lull
Foreign investors snapped up shares worth roughly 2 trillion won ($1.5 billion) in the local stock market last month, with US investors spurring the buying momentum, according to the country’s financial watchdog. In May, offshore investors poured 2.1 trillion won into the local stock market, combining the benchmark Kospi and the secondary bourse Kosdaq, turning to a net-buying stance for the first time since August, data from the Financial Supervisory Service showed Thursday. The buying spree wa
June 12, 2025 -
Seoul shares open higher on extended foreign buying
South Korean stocks opened higher Thursday, set for a weeklong rally, on the back of a foreign buying binge amid uncertainties. The benchmark Korea Composite Stock Price Index rose 16.71 points, or 0.57 percent, to 2,923.75 in the first 15 minutes of trading. The KOSPI had risen for a sixth consecutive session to hit a three-year high the previous session. Overnight, Wall Street closed lower amid heightened security risks in the Middle East seen in the United States' plan to partially evacuate i
June 12, 2025 -
Kospi soars to over 3-yr high on foreign buying spree, eased tariff uncertainties
South Korea's stock market surpassed the 2,900-point mark for the first time in over three years Wednesday, extending its winning streak to a sixth day, thanks to continued foreign inflow and progress in trade talks between the world's two biggest economies. The benchmark Korea Composite Stock Price Index added 35.19 points, or 1.23 percent, to close at 2,907.04, marking the highest level since January 14, 2022, when the index closed at 2,921.92. Trade volume was heavy at 383.5 million shares wo
June 11, 2025 -
Kospi soars to 3-year high on foreign buying, tech rally
The South Korean benchmark Kospi broke through the 2,900-point threshold for the first time in over three years Wednesday, marking a notable milestone as it extends its bullish rally. The Kospi closed daytime trading at its day-peak of 2,907.04, rising 35.19 points or 1.23 percent from the previous session. It was the first time for the index to surpass the 2,900 level in over three years since it peaked at 2,902.79 on Jan. 18, 2022. The index opened at 2,887.32 and inched up, soon surpassing th
June 11, 2025 -
Kospi at over 3-yr high on foreign buying binge, eased uncertainties
South Korea's stock market surpassed the 2,900-point mark for the first time in over three years shortly after it opened Wednesday, driven by a foreign buying binge and hopes over a trade deal between the world's two biggest economies. The benchmark Korea Composite Stock Price Index went over the 2,900 mark some 30 minutes after it opened. It marks the first time the Kospi has breached the threshold since January 2022. The index had added 29.51 points, or 1.03 percent, to 2,901.36 as of 9:50 a.m
June 11, 2025 -
Seoul shares open higher on progress in US-China trade talks
South Korean stocks opened higher Wednesday on hopes that the United States and China may reach a consensus on measures to deescalate trade tensions between the world's two biggest economies. The benchmark Korea Composite Stock Price Index gained 12.12 points, or 0.42 percent, to 2,883.97 in the first 15 minutes of trading. Overnight, Wall Street closed higher as US officials signaled progress in trade negotiations between the United States and China. US Commerce Secretary Howard Lutnick said ta
June 11, 2025 -
Seoul shares up for 5th straight session on foreign buying
South Korean stocks extended their winning streak to a fifth consecutive session Tuesday on the back of foreign buying, with investors' eyes now on the ongoing trade talks between the United States and China. The local currency lost ground against the US dollar. The benchmark Korea Composite Stock Price Index added 16.08 points, or 0.56 percent, to close at 2,871.85. Trade volume was moderate at 503 million shares worth 14 trillion won ($10.3 billion), with losers outnumbering winners 461 to 429
June 10, 2025 -
Foreign inflow fuels Kospi rally
Foreign investors have poured nearly 4 trillion won ($3 billion) into the nation’s benchmark Kospi so far this month, helping to drive a strong bullish run in the local stock market. Offshore investors net purchased shares worth 3.78 trillion won on the Kospi through Tuesday in June, continuing the 1.16 trillion won buying spree that began in May, according to data from the Korea Exchange, the nation’s bourse operator. While they net bought shares worth 125 billion won on June 2, the amount surg
June 10, 2025 -
Seoul shares open tad lower on profit taking
South Korean stocks opened slightly lower Tuesday as investors moved to cash in gains after Seoul shares spiked to an 11-month high the previous day, with their eyes on the ongoing trade talks between the United States and China. The benchmark Korea Composite Stock Price Index lost 2.4 points, or 0.08 percent, to 2,853.37 in the first 15 minutes of trading. Overnight, Wall Street was little changed as investors were waiting for the outcome of the ongoing trade negotiations between the US and Chi
June 10, 2025 -
Seoul shares spike to 11-month high on hopes for policy backup, US-China talks
South Korean stocks rallied to their highest level in 11 months Monday, driven by gains in chip shares amid hopes for new policy measures under the Lee Jae-myung government and upcoming trade talks between the United States and China. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index added 43.72 points, or 1.55 percent, to close at 2,855.77, extending its winning streak to a fourth straight session. It marked the highest level since July 16, 2024, whe
June 9, 2025 -
Seoul shares open higher ahead of US-China trade talks resumption
South Korean stocks opened sharply higher Monday on stronger-than-expected US jobs data and expectations over the planned resumption of high-level trade talks between the United States and China. The benchmark Korea Composite Stock Price Index gained 49.27 points, or 1.75 percent, to 2,861.32 in the first 15 minutes of trading, continuing last week's bullish momentum. The KOSPI tracked Wall Street's rally on Friday, sparked by better-than-expected US jobs data, which relieved investors' concerns
June 9, 2025 -
Kospi hits 10-month high on hopes of Lee’s economic revival
South Korea’s stock market climbed to an 11-month high on optimism that newly inaugurated President Lee Jae-myung will act swiftly to revive the country’s sluggish economy through aggressive stimulus and market reforms. The benchmark Kospi breached the 2,810 mark Thursday for the first time since July 18, 2024, extending gains from the previous session. The index jumped more than 2 percent in early trading to an intraday high of 2,831.11 before paring gains to end the day at 2,812.05. The rally
June 5, 2025