South Korean stocks extended their winning streak for a fifth consecutive session on Wednesday, driven by strong performance in the semiconductor sector, pushing the KOSPI to a new high. Investors, however, remained cautious ahead of the U.S. Federal Reserve's rate-setting meeting.
South Korean stocks rose for a fifth consecutive session, driven by semiconductors, nearing the 9,000-point mark. Investors remain cautious ahead of the U.S. Federal Reserve's rate decision, while a new state-run investment firm is set to launch.
South Korean stocks rose for the fifth straight session, driven by semiconductors, as investors awaited the U.S. Federal Reserve's rate decision. The KOSPI index neared 9,000 points, buoyed by retail and institutional buying amid a 'risk-on' sentiment following a U.S.-Iran peace agreement.
South Korean stocks edged up late Wednesday morning, with retail investors buying market heavyweights, despite major tech companies trading lower following a U.S. tech slide. The KOSPI rose 0.13% to 8,737.91.
South Korean stocks opened significantly higher on Tuesday, with the KOSPI index rising over 1.75 percent. The gains were driven by overnight rallies on Wall Street, fueled by news of a preliminary agreement between the US and Iran to reopen the Strait of Hormuz and ease oil price concerns.
South Korean stocks surged over 1.5% at Tuesday's opening, mirroring Wall Street's gains. The rally was fueled by optimism over a preliminary US-Iran agreement to reopen the Strait of Hormuz, easing inflation concerns and boosting investor sentiment.
South Korean stocks surged Monday, with the KOSPI rising 5.02% to 8,531.41, following news of a US-Iran agreement to end their Middle East war and reopen the Strait of Hormuz. Oil prices also fell on the peace deal.
South Korean stocks opened sharply higher Monday following news of a US-Iran agreement to end their Middle East conflict and reopen the Strait of Hormuz. The KOSPI index surged 4.95% as oil prices dropped on the peace deal.
Korea Exchange CEO Jeong Eun-bo told CNBC that the selloff in South Korean stocks is due to inevitable portfolio rebalancing by foreign investors after massive gains, not a loss of confidence. He noted the Kospi's significant growth in 2025 and early this year, leading to increased market weight in global portfolios. Circuit breakers were activated as the Kospi fell over 13% in six sessions. Jeong expects the rebalancing pressure to ease, with authorities conducting smoothing operations on the won, which hit a 17-year low against the dollar.
South Korean stocks closed higher Thursday, reversing earlier losses. The KOSPI rose 0.43% driven by retail investors and strong semiconductor export data, while the KOSDAQ surged 4.76%. US inflation data also eased market concerns.
South Korean stocks fell Thursday morning, with the KOSPI down 1.62%, due to volatility in major tech shares and escalating US-Iran tensions. Concerns over high AI stock valuations and potential Fed policy shifts also weighed on the market.
South Korean stocks opened sharply lower on Thursday, with the KOSPI index dropping 2.86% following a tech slump on Wall Street. Concerns over AI share valuations and escalating US-Iran tensions contributed to the decline.
KOSPI rebounds 8.18% to 8,096.93, surpassing 8,000-point threshold, driven by Israel-Iran ceasefire and AI sector confidence, despite anticipated US Fed rate hike.
South Korean stocks plummeted 8.29% on Monday due to concerns over AI profitability and a potential hawkish pivot by the US Federal Reserve
South Korean stocks open 1.38% lower, tracking Wall Street's slide due to semiconductor shock and rate hike fears
Amid escalating Middle East tensions and a US tariff announcement, foreign investors recorded the second-largest net sale of Korean stocks ever (KRW 6.988 trillion). The won/dollar exchange rate surged past 1,540 KRW, a 17-year high, while the KOSPI index fell for the first time in four days.
South Korean stocks fell Thursday, ending a three-day rally and retreating from record highs due to profit-taking. The KOSPI dropped 1.84% to 8,639.41, with foreigners selling heavily. The Korean won also depreciated against the U.S. dollar.
South Korean stocks fell Thursday, ending a three-day winning streak and retreating from record highs due to profit-taking. The benchmark KOSPI dropped 1.84% to 8,639.41, with foreigners selling heavily. The Korean won also depreciated against the U.S. dollar.
South Korean stocks fell Thursday, ending a three-day rally and retreating from record highs due to renewed uncertainty from the US-Iran conflict. The KOSPI index dropped 1.84%, with most large-cap stocks closing lower. The Korean won also depreciated sharply against the US dollar.
South Korean stocks plunged Thursday, retreating from record highs as renewed uncertainty over US-Iran conflict negotiations impacted global markets. The KOSPI fell 2.15%, with major companies like Samsung Electronics and Hyundai Motor seeing significant drops. The Korean won also weakened against the US dollar.
South Korean stocks opened sharply lower on Thursday, with the KOSPI index falling 2.05% to 8,621.46. The decline followed overnight losses on Wall Street, driven by uncertainty over US-Iran negotiations and potential escalation of hostilities.
South Korean stocks opened sharply lower on Thursday, with the KOSPI index down 2.02% to 8,623.82, mirroring overnight losses on Wall Street due to uncertainty over US-Iran negotiations and potential Middle East conflict escalation.
South Korean stocks closed above the 8,800-point mark for the first time on Tuesday, driven by gains in tech shares, particularly Samsung Electronics, amid AI optimism. The benchmark KOSPI rose slightly despite profit-taking and foreign selling, while the Korean won weakened against the U.S. dollar.
South Korean stocks closed above 8,800 points Tuesday, driven by AI optimism and chip giant Samsung Electronics. The benchmark KOSPI rose 0.15%, despite profit-taking and concerns over US-Iran peace talks.
