[THE INVESTOR] South Korean shares sank 1.85 percent on July 6 as Brexit fears apparently resurfaced, while foreigners tried to partly cash in recent gains. The local currency continued to lose ground against the US dollar for a third consecutive session.The benchmark Korea Composite Stock Price Index lost 36.73 points to 1,953.12. Trading volume was moderate at 451.69 million shares, worth 4.68 trillion won (US$4.01 billion). Losers outnumbered gainers 646 to 165.The sharp decline also followed

July 6, 2016

[THE INVESTOR] South Korean stocks dipped 2.05 percent late morning July 6 as fears sparked by Brexit resurfaced, while some sought to cash in part of recent gains.The benchmark Korea Composite Stock Price Index plunged 40.89 points to 1,948.96 as of 11:20 a.m.Foreigners appeared to be exiting the local market with a fervor, dumping 236.9 billion won (US$202.7 million) worth of local stocks.The decline also followed overnight losses on Wall Street.The Dow Jones industrial average lost 0.61 perce

July 6, 2016

[THE INVESTOR] South Korean stocks opened lower on July 6, tracking overnight losses on Wall Street.The benchmark Korea Composite Stock Price Index lost 14.11 points, or 0.71 percent, to 1,975.74 in the first 15 minutes of trading.The decline followed overnight losses on Wall Street.The Dow Jones industrial average lost 0.61 percent to 17,840.62 points on Tuesday, with the tech-heavy Nasdaq also shedding 0.82 percent to 4,822.90 points.In Seoul, most large caps were in negative terrain, with mar

July 6, 2016

[THE INVESTOR] Ten old coal-fired power plants in Korea will be shut down in the next 10 years, the government said July 6, adding that new ones will no longer built as part of its efforts to reduce air pollution.The Industry Ministry said that it will close 10 coal stations aged 30 years or over, with a combined capacity of 3.3 million kilowatts, one by one when they reach the end of their respective operational life span.Two power plants on the country’s west coast will face the first shutdown

July 6, 2016

[THE INVESTOR] South Korean shares ended lower on July 5 as institutions and foreign investors sought to lock in early gains. The local currency continued to lose ground against the US greenback.The benchmark Korea Composite Stock Price Index shed 5.45 points, or 0.27 percent, to 1,989.85. Trading volume was slim at 216 million shares, worth 1.77 trillion won (US$1.53 billion), with losers outnumbering gainers 497 to 274.The decline marked the end of a six-day bullish run that helped completely

July 5, 2016