South Korean stocks opened higher Thursday following an overnight Wall Street rally fueled by the Fed's reassurance of credit easing, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) increased 10.84 points, or 0.55 percent, to 1,970.25 in the first15 minutes of trading.Shares gathered ground across the board, with market behemoth Samsung Electronics rising 0.68 percent and No. 1 carmaker Hyundai Motor advancing 1.15 percent. Top steelmaker POSCO added 0.15 percent.U.S. stock

Latest News March 21, 2013

South Korean stocks dropped 0.97 percent on Wednesday as investors stepped to the sidelines on an aborted bailout plan for Cyprus, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) fell19.15 points to 1,959.41. Trading volume was moderate at 322.4 million shares worth 3.7 trillion won (US$3.3 billion), with decliners outnumbering gainers 562 to 251."The Cyprus rejection raised concerns on the eurozone region and foreigners cont

March 20, 2013

South Korean stocks traded 0.32 percent lower late Wednesday morning, led by losses in foodmakers and brokerage houses, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) fell6.39 points to 1,972.17 as of 11:20 a.m.Blue-chip confectionery maker Orion slumped 3 percent with major brokerage house Mirae Asset Securities tumbling 3.5 percent. In contrast, large-cap auto-related stocks gathered ground. No.1 player Hyundai Motor edged up 0.2 percent with its auto-parts making affil

March 20, 2013

South Korean stocks got off to a weak start Wednesday, dented by renewed eurozone concerns after the Cypriot parliament rejected a tax proposal needed for its bailout, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) lost 5.94 points, or 0.3 percent to 1,972.62 in the first 15 minutes of trading. Most shares trended downward across the board, with those of tech blue-chips and financial firms leading the decline. Market bellwether Samsung Electronics slipped 0.54 percent, wi

Business March 20, 2013

South Korean stocks closed 0.53 percent higher Tuesday as local exporters rebounded from their recent losses sparked by concerns over the eurozone economy, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose10.38 points to 1978.56. Trading volume was low at 313.3 million shares worth 3.62 trillion won (US$3.26 billion), with gainers outnumbering decliners 471 to 318."The increase came as the market recouped excessive losse

Business March 19, 2013

South Korean stocks traded 0.89 percent higher late Tuesday morning on gains in techs and retailers, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) rose17.61 points to 1,985.79 as of 11:20 a.m.Tech blue chips continued to gather ground, with market behemoth Samsung Electronics rising 2.56 percent and top flat panel manufacturer LG Display adding 1.72 percent. Top chipmaker SK hynix advanced 0.7 percent.Retailers also traded higher, with Samsung C&T advancing 4.18 percent a

Business March 19, 2013

South Korean stocks opened higher Tuesday on gains in technology firms and builders, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) increased 10.38 points, or 0.53 percent, to 1,978.56 in the first15 minutes of trading.Tech blue chips led the gain, with market behemoth Samsung Electronics advancing 1.04 percent and its smaller rival LG Electronics moving up 1.99 percent. Leading chipmaker SK hynix added 1.41 percent.Construction firms also gathered ground, with Hyundai Eng

Business March 19, 2013

South Korean stocks closed 0.92 percent lower on Monday as investors sat on the sidelines due to economic risks from the eurozone and the United States, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) shed18.32 points to 1968.18. Trading volume was low at 265.2 million shares worth 3.83 trillion won (US$3.44 billion), with decliners outnumbering gainers 565 to 258."The decline came as the financial crisis of Cyprus weighed do

March 18, 2013

South Korean stocks traded 0.44 percent lower late Monday morning due to losses in techs and logistics, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) dropped8.76 points to 1,977.74 as of 11:20 a.m.Tech blue chips led the decline, with market behemoth Samsung Electronics falling 2.43 percent and top flat panel manufacturer LG Display losing 0.16 percent. Leading plasma display panel maker Samsung SDI shed 0.71 percent.Logistics shares also traded lower, with Hyundai Glovis

Business March 18, 2013

South Korean stocks got off to a weak start on Monday, tracking losses on Wall Street in the previous trading session, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell12.17 points, or 0.61 percent, to 1974.33 in the first 15 minutes of trading.Shares lost ground across the board, with market behemoth Samsung Electronics falling 2.3 percent and top auto parts maker Hyundai Mobis moving down 0.82 percent. Leading steelmaker POSCO decreased 0.15 percent.U.S. stocks ended l

Business March 18, 2013

South Korean stocks closed 0.78 percent lower on Friday amid a lack of positive leads, analysts said. The local currency edged down against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) shed15.63 points to 1986.50. Trading volume was low at 301.4 million shares worth 5.18 trillion won (US$4.66 billion), with gainers outnumbering decliners 461 to 355."Despite positive factors from abroad, shares finished lower as investors were unnerved by the weak yen and the central ba

March 15, 2013

North Korea on Friday accused its enemies of launching cyber attacks against its Internet servers as the communist country threatens all-out war in response to ongoing South Korea-U.S. joint military exercises. The (North) Korean Central News Agency (KCNA) monitored in Seoul said in a commentary that Internet servers operated by the state have come under intensive and persistent cyber attacks. It added that the cyber attacks are of significance because they are taking place while the United Stat

National March 15, 2013

South Korean stocks traded 0.67 percent lower late Friday morning due to losses in techs and mobile carriers, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) dropped13.48 points to 1,988.65 as of 11:20 a.m.Tech blue chips led the decline, with market behemoth Samsung Electronics falling 2.3 percent and top flat panel manufacturer LG Display losing 1.97 percent. Leading chipmaker SK hynix lost 0.87 percent.Mobile carriers also lost ground, with leading player SK Telecom fall

Business March 15, 2013

South Korean stocks opened higher Friday following an overnight Wall Street rally fueled by heightening anticipations of economic recovery, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) advanced 4.34 points, or 0.22 percent to 2,006.47 in the first 15 minutes of trading.Shares gained ground across the board, with No. 1 carmaker Hyundai Motor rising 2.12 percent and top chipmaker SK hynix adding0.52 percent. Leading builder Hyundai Engineering & Construction increased 1.25

Business March 15, 2013