[THE INVESTOR] South Korean shares extended gains late morning on June 29 as investors hope for concerted global efforts to shore up markets reeling from the post-Brexit rout. The benchmark Korea Composite Stock Price Index rebounded for three straight sessions to rise 23.54 points, or 1.22 percent, to 1,959.76 as of 11:20 a.m., after shedding 3.38 percent from Thursday to Friday. The local stock market is also buoyed by the government’s fiscal stimulus package worth 20 trillion won (US$17.2 bil

June 29, 2016

[THE INVESTOR] South Korean shares opened higher on June 29, on the heels of Wall Street gains, with expectations high that policymakers around the globe will take steps to contain market volatility following Brexit concerns. The benchmark Korea Composite Stock Price Index rose 11.13 points, or 0.57 percent, to 1,947.05 in the first 15 minutes of trading.The main index brushed off a 3.38 percent loss on June 23-24 to rebound and gain 0.57 percent on June 27-28.Britain’s decision to exit the EU h

June 29, 2016

[THE INVESTOR] Investor confidence was restored on June 28 with the market responding positively to the South Korean government’s plan for extra spending in the second half of this year to cushion the economy from internal and external shocks.The benchmark KOSPI edged up 0.49 percent at 1,936.22 on continued institutional buying, after opening with a loss following overnight selloffs on Wall Street. But the Seoul equity index soon headed for an upswing as the Finance Ministry announced that it w

June 28, 2016

[THE INVESTOR] South Korean shares bounced back late morning on June 28 as investors were relieved with the stimulus steps of central banks worldwide to contain the fallout from Brexit. The benchmark Korea Composite Stock Price Index rose 1.55 points, or 0.08 percent, to 1,928.40 as of 11:20 a.m., after dropping to an intraday low of 1,907.49. Investor sentiment is also boosted by the Korean government’s plan to draw up a 10 trillion won (US$8.4 billion)supplementary budget, to help cushion the

June 28, 2016

[THE INVESTOR] South Korean shares opened lower on June 28, tracking overnight losses on Wall Street amid weak investor sentiment. The benchmark Korea Composite Stock Price Index fell 16.59 points, or 0.86 percent, to 1,910.16 in the first 15 minutes of trading.Investors are now waiting for policy action by central banks around the globe to inject liquidity into markets to ease the turmoil caused by Britain’s decision to quit the European Union. Investors have been selling risky assets in the af

June 28, 2016

[THE INVESTOR] Korean shares closed almost flat on June 27 as investors expect major economies to inject liquidity into the markets to avoid a global financial crisis following the Bexit vote. The Korean won continued to lose ground against the US dollar amid investors’ lingering appetite for safer assets.The benchmark Korea Composite Stock Price Index closed flat at 1,926.85, up 1.61 points, or 0.08 percent, after dropping to an intraday low of 1,900.83 points in the morning trade. Relieved by

June 27, 2016