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Seoul stocks open lower on Powell's remarks on stock market
South Korean shares opened lower Wednesday as investors sat on the sidelines after U.S. Federal Reserve Chair Jerome Powell said the recent stock prices are "fairly highly valued." The benchmark Korea Composite Stock Price Index lost 0.27 percent, or 9.28 points, to 3,476.91 in the first 15 minutes of trading. Overnight, the Fed chair said in a speech that equity prices may be overvalued, driving major U.S. firms, including Nvidia, to plummet. The tech-heavy Nasdaq composite fell 0.95 percent, a
Sept. 24, 2025 -
Seoul shares set fresh high for 2nd day on chip rally
South Korean stocks climbed to a new high for the second consecutive session Tuesday as investors scooped up tech shares amid improved sentiment for the global chip industry. The local currency traded flat against the US dollar. The benchmark Korea Composite Stock Price Index shot up 17.54 points, or 0.51 percent, to close at 3,486.19. Trade volume was moderate at 350 million shares worth 11.9 trillion won ($8.54 billion), with losers beating gainers 598 to 269. Foreigners bought a net 303 billi
Sept. 23, 2025 -
Seoul stocks open higher on Wall Street rally
South Korean stocks opened higher Tuesday, tracking overnight gains on Wall Street led by tech shares following an announcement of a business partnership between Nvidia and OpenAI. The benchmark Korea Composite Stock Price Index rose 0.38 percent, or 13.12 points, to 3,481.77 in the first 15 minutes of trading. Overnight, major US indexes closed at record high levels, with the tech-heavy Nasdaq composite advancing 0.7 percent and the S&P 500 increasing 0.44 percent. The Dow Jones Industrial Aver
Sept. 23, 2025 -
Seoul shares renew record high on tech rally
Seoul shares closed higher Monday to set a record high as investors scooped up Samsung Electronics and other technology stocks. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 23.41 points, or 0.68 percent, to end at a fresh all-time high of 3,468.65. The previous record was 3,461.30, set Thursday. Trade volume was moderate at 280.84 million shares worth 11.84 trillion won ($8.5 billion), with losers outnumbering winners 545 to 332. Institutions an
Sept. 22, 2025 -
Seoul shares open higher on US gains
Seoul shares opened higher Monday, tracking Wall Street gains, as investors scooped up technology and auto stocks. The benchmark Korea Composite Stock Price Index rose 25.41 points, or 0.74 percent, to 3,470.65 in the first 15 minutes of trading. The KOSPI has rallied in recent sessions, renewing its record highs. On Friday, the Dow Jones Industrial Average rose 0.37 percent to 46,315.27, while the tech-heavy Nasdaq Composite added 0.72 percent to 22,631.48. In Seoul, auto and tech stocks led th
Sept. 22, 2025 -
Seoul shares retreat from record peak on tech losses
South Korean stocks finished lower Friday, led by tech losses, as investors took a breather following recent rallies. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 16.06 points, or 0.46 percent, to close at 3,445.24, a day after hitting a record high of 3,461.30. Trade volume was moderate at 339.5 million shares worth 14.18 trillion won ($10.15 billion), with losers outnumbering winners 635 to 242. The index opened in negative terrain, despite ov
Sept. 19, 2025 -
Seoul shares open tad lower on profit-taking
South Korean stocks opened slightly lower Friday, despite overnight gains on Wall Street, as investors moved to take profits from recent gains. The benchmark Korea Composite Stock Price Index shed 1.3 points, or 0.04 percent, to 3,460.0 in the first 15 minutes of trading. The Kospi rallied in recent sessions, hitting a record high of 3,461.30 on Thursday. Overnight, Wall Street closed at fresh highs after the Federal Reserve's interest rate cut and gains in Nvidia and other tech stocks. The Dow
Sept. 19, 2025 -
Seoul shares renew record high after Fed rate cut
Seoul shares closed nearly 1.5 percent higher Thursday to set a new record high after the Federal Reserve delivered its first interest rate cut of the year. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index gained 47.90 points, or 1.40 percent, to end at a fresh all-time high of 3,461.30. Trade volume was moderate at 386.81 million shares worth 12.09 trillion won ($8.7 billion), with gainers outnumbering losers 589 to 262. Institutions and foreigners boug
Sept. 18, 2025 -
Mirae Asset rolls out new covered call ETFs
Mirae Asset Global Investments, South Korea’s leading asset management firm, will launch two new covered call exchange-traded funds, focusing on sustainable payout. The asset manager is to list the Tiger 200 Target Weekly Covered Call ETF and the Tiger Korea Dividend Dow Jones Weekly Covered Call ETF on the Korea Exchange on Tuesday. Both products are anchored on the target covered call strategy, which enables investors to generate income by selling call options on owned stocks while simultaneou
Sept. 18, 2025 -
Seoul shares open higher after Fed rate cut
Seoul shares opened higher Thursday after the Federal Reserve delivered its first interest rate cut of the year. The benchmark Korea Composite Stock Price Index rose 19.03 points, or 0.56 percent, to 3,432.43 in the first 15 minutes of trading. The main index gained ground despite a mixed close on Wall Street overnight after the Fed lowered its benchmark rate by a quarter percentage point to a range of 4.00–4.25 percent. The Dow Jones Industrial Average increased 0.57 percent to 46,018.32 points
Sept. 18, 2025 -
Seoul shares retreat from record peak on US tariff, Fed uncertainties
South Korean stocks snapped an 11-session winning streak Wednesday, led by losses in chipmakers, as investors locked in profits from recent sharp gains ahead of the Federal Reserve's rate decision. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 36.22 points, or 1.05 percent, to finish at 3,413.40. Trade volume was moderate at 321.95 million shares worth 11.11 trillion won ($8.04 billion), with losers outnumbering winners 566 to 302. Foreigners and
Sept. 17, 2025 -
Seoul shares open lower following recent rallies
South Korean stocks got off to a weak start Wednesday, tracking overnight losses on Wall Street, as investors moved to lock in profits from recent sharp gains. The benchmark Korea Composite Stock Price Index fell 28.76 points, or 0.83 percent, to 3,420.86 in the first 15 minutes of trading. The Kospi has rallied in recent sessions, with the index reaching an all-time high for the fifth consecutive session Tuesday. Overnight, US shares fell ahead of the Federal Reserve's interest rate decision. T
Sept. 17, 2025 -
Kospi renews record high for 5th consecutive session on chip gains
South Korean stocks closed more than 1 percent higher Tuesday to set a new record high for the fifth consecutive session thanks to a rally in chip shares and foreign buying. The Korean won sharply rose against the US dollar. The benchmark Korea Composite Stock Price Index added 42.31 points, or 1.24 percent, to end at a fresh all-time high of 3,449.62. This marked the fifth consecutive session the Kospi reached a new all-time high and the 11th straight session of increase. Trade volume was high
Sept. 16, 2025 -
Kospi extends run of record highs for fifth day
South Korea’s benchmark Kospi hit a new high on Tuesday, marking a record fifth consecutive trading day of gains. Strong foreign buying drove the index higher, while the won strengthened to around 1,370 per dollar for the first time in roughly two months. The Kospi closed at 3,449.62 on Tuesday, up 42.31 points, or 1.24 percent, from the previous session. The index opened at 3,421.13 and steadily extended its gains throughout the session. It climbed as high as 3,452.5 at one point before paring
Sept. 16, 2025 -
Seoul shares open higher on US gains
South Korean stocks opened higher Tuesday tracking overnight gains on Wall Street amid hopes that the Federal Reserve will cut its key rates this week. The benchmark Korea Composite Stock Price Index rose 18.6 points, or 0.55 percent, to 3,425.91 in the first 15 minutes of trading. The KOSPI has rallied in recent sessions, with the index reaching a new all-time high for the fourth consecutive session Monday. Overnight, Wall Street gathered ground on US rate cut hopes, with the Dow Jones Industri
Sept. 16, 2025