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Seoul stocks extend winning streak to 4th day ahead of key US job data
South Korean stocks closed up for a fourth consecutive day Friday, while traders stayed cautious ahead of key US employment data due later in the day. The local currency rose against the greenback. The benchmark Korea Composite Stock Price Index inched up 4.29 points, or 0.13 percent, to close at 3,205.12. Trade volume was moderate at 302.4 million shares worth 9.3 trillion won ($6.7 billion). Winners outnumbered losers 449 to 403. Institutional investors were net buyers, purchasing 132.6 billio
Sept. 5, 2025 -
Seoul stocks open higher on hopes for Fed's rate cut
South Korean stocks opened higher Friday following overnight gains on Wall Street as investors digest the latest job market data. The benchmark Korea Composite Stock Price Index rose 13.14 percent, or 0.41 points, to 3,213.97 in the first 15 minutes of trading. US stocks closed higher overnight after data showed that private-sector hiring in August was weaker than expected, reinforcing bets that the Federal Reserve will cut its key rate later this month. The S&P 500 closed up 0.83 percent, the t
Sept. 5, 2025 -
Seoul shares up for 3rd day on US rate cut hope
South Korean stocks closed higher for a third consecutive session Thursday, as weaker-than-expected US jobs data reinforced hopes for a Federal Reserve rate cut next month. The local currency fell against the greenback. The benchmark Korea Composite Stock Price Index finished up 16.41 points or 0.52 percent, to close at 3,200.83. Trade volume was light at 280.2 million shares worth 7.9 trillion won ($5.7 billion). Winners outnumbered losers 608 to 248. Foreigners were net buyers, purchasing 202.
Sept. 4, 2025 -
Nongshim shares fire up with 'KPop Demon Hunters' ramyeon
Shares of Nongshim, the top ramyeon manufacturer in South Korea, are on a rebound, backed by its collaboration with the hit animated film "KPop Demon Hunters." On Thursday, the Kospi-listed Nongshim wrapped up trading at 427,000 won ($307), posting a strong recovery from the company's dip to a three-month low of 358,500 won during intraday trading on Aug. 20. The rally follows the company’s announcement of its partnership with Netflix’s "KPop Demon Hunters" made that same day. The announcement s
Sept. 4, 2025 -
HD Hyundai chief leads shipyard safety inspection
HD Hyundai Vice Chair Chung Ki-sun on Thursday led an on-site safety inspection at the group’s Samho shipyard in Yeongam, South Jeolla Province, underscoring his message that worker safety must remain the company’s highest priority. Accompanied by HD Hyundai President Kim Jae-eul, Chung toured key facilities and high-risk work areas at the shipyard, personally reviewing safety measures in place. Following the inspection, he convened a roundtable with safety team leaders to listen to their experi
Sept. 4, 2025 -
Seoul stocks open higher after Wall Street gains
South Korean stocks opened higher Thursday following an overnight tech rally on Wall Street. The benchmark Korea Composite Stock Price Index added 14.26 points, or 0.45 percent, to 3,198.68 in the first 15 minutes of trading. US stocks closed mostly higher, with the tech-heavy Nasdaq finishing up more than 1 percent after Google avoided its worst-case penalty in its anti-trust case. Google's parent company, Alphabet, jumped 9.1 percent, after a federal judge refrained from forcing the tech giant
Sept. 4, 2025 -
Seoul stocks close higher amid lack of momentum
South Korean stocks closed higher on Wednesday as investors searched for momentum ahead of key US employment data set to be revealed later this week. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index added 12.07 points, or 0.38 percent, to close at 3,184.42. Trade volume was moderate at 321.7 million shares worth 8.6 trillion won ($6.2 billion). Winners outnumbered losers 502 to 370. Foreigners were net buyers for a second consecutive session, purchasing
Sept. 3, 2025 -
Seoul stocks open higher on tech, battery gains
South Korean stocks opened higher Wednesday, bucking an overnight decline on Wall Street, as foreign investors went bargain hunting for a second consecutive session. The benchmark Korea Composite Stock Price Index rose 9.9 points, or 0.31 percent, to 3,182.25 in the first 15 minutes of trading. Overnight, Wall Street's three major indexes lost ground, led by losses in big tech companies, including artificial intelligence chip maker Nvidia. Investors are paying attention to the US federal appeals
Sept. 3, 2025 -
Seoul shares rebound nearly 1% on bargain hunting
South Korean stocks closed almost 1 percent higher Tuesday as investors scooped up tech shares following a recent slump in the chip industry. The local currency gained against the US dollar. The benchmark Korea Composite Stock Price Index shot up 29.42 points, or 0.94 percent, to close at 3,172.35. Trade volume was moderate at 304 million shares worth 8.5 trillion won ($6.1 billion), with gainers beating losers 484 to 376. Foreigners bought a net 389 billion won, snapping their five consecutive
Sept. 2, 2025 -
Seoul stocks open higher on bargain hunting
South Korean stocks opened higher Tuesday, as investors went bargain hunting for semiconductors and tech shares. The benchmark Korea Composite Stock Price Index rose 22.67 points, or 0.72 percent, to 3,165.6 in the first 15 minutes of trading. Overnight, Wall Street was closed due to the Labor Day holiday. Seoul stocks had plunged more than 1 percent Monday, as investors offloaded tech shares on reports that China's Alibaba has developed a new artificial intelligence chip. Washington's announcem
Sept. 2, 2025 -
Seoul shares dip over 1% on tech uncertainties
South Korean stocks closed more than 1 percent lower Monday as investors offloaded technology shares amid uncertainties in the semiconductor and artificial intelligence (AI) sectors. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index plunged 43.08 points, or 1.35 percent, to close at 3,142.93. Trade volume was slim at 258.1 million shares worth 7.9 trillion won ($5.7 billion), with losers beating gainers 692 to 201. Foreigners sold a net 272 billion wo
Sept. 1, 2025 -
Seoul shares open sharply lower amid tech uncertainties
South Korean stocks opened sharply lower Monday following reports that China-based Alibaba has developed a new artificial intelligence chip. The benchmark Korea Composite Stock Price Index fell 27.98 points, or 0.88 percent, to 3,158.03 in the first 15 minutes of trading. On Friday, the tech-heavy Nasdaq composite closed 1.15 percent lower, following reports Alibaba has developed a new AI chip in China, which led to concerns over US tech players, such as Nvidia. In Seoul, top tech giant Samsung
Sept. 1, 2025 -
Seoul stocks close lower ahead of key US inflation data
Seoul shares ended lower Friday, as investors sat on the sidelines ahead of key US inflation data due this week. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index inched down 10.31 points, or 0.32 percent, to close at 3,186.01. Trade volume was light at 242.3 million shares worth 8.8 trillion won ($6.3 billion). Losers outnumbered gainers 579 to 301. Foreigners were net sellers, offloading 366 billion won. Institutional investors, on the other hand, purch
Aug. 29, 2025 -
Seoul shares open higher tracking Wall Street gains
South Korean stocks opened slightly higher Friday, tracking overnight gains on Wall Street after investors regained confidence in technology shares following Nvidia's earnings report. The benchmark Korea Composite Stock Price Index rose 9.98 points, or 0.31 percent, to 3,206.3 in the first 15 minutes of trading. Overnight, the tech-heavy Nasdaq composite closed 0.53 percent higher, and the S&P 500 rose 0.32 percent. The Dow Jones Industrial Average added 0.16 percent. In Seoul, top tech giant Sa
Aug. 29, 2025 -
Seoul shares open lower after Nvidia's earnings release
South Korean stocks opened lower Thursday, as investors were processing the second-quarter earnings report from US artificial intelligence chip giant Nvidia. The benchmark Korea Composite Stock Price Index fell 10.14 points, or 0.32 percent, to 3,177.02 in the first 15 minutes of trading. Overnight, Wall Street gained ground on expectations the US Federal Reserve will lower rates and a positive outlook on Nvidia earnings results, which were later announced after the closing of the market. The AI
Aug. 28, 2025