중앙데일리

Rising economic tide comes in

Korea’s stock market and major stock markets around the globe are entering uncharted waters. The Dow Jones industrial average closed above 13,000 for the first time on Wednesday, Eastern Standard Time, and the Kospi has recently been setting one new record after another. This month, 23 stock markets around the world, including Russia and Mexico, t…

Apr 27,2007
Recovery of tech shares ends brief dip on Kospi

Korea’s main stock market rebounded yesterday after a one-session decline, led by Samsung Electronics and Posco. The Kospi ended up 7.58 points, or 0.5 percent, at 1,553.13. “The earnings season factor boosted investor sentiment, strengthening expectations that the index will soon reach another record,” said Kim Young-gak, an analyst at Hyundai S…

Apr 27,2007
Profit taking from rally subdues stock markets

Seoul markets closed lower yesterday, ending a three-day winning streak as foreign and institutional investors engaged in profit taking. The benchmark Kospi reached a record high during the day, boosted by Wall Street gains, but later fell 11.16 points, or 0.7 percent, to 1,545.55. “The index faced a correction, burdened by its record close in th…

Apr 26,2007
Steep climb continues on Kospi; Kosdaq slips

The Seoul main stock market shot to yet another record high yesterday on heavy purchases by individual and foreign investors. The benchmark Kospi surged 12.36 points, or 0.8 percent, to end at 1,557.65, posting double digit growth for three straight days. Market bellwether Samsung Electronics, the world’s largest memory chipmaker, rose 0.2 perc…

Apr 25,2007
Local stocks up slightly as Dow hits record high

Korea’s main bourse rose yesterday for the second straight session, bolstered by bullish global stock markets. The Kospi closed at 1,544.35, up 11.27 points, or 0.7 percent. U.S. stocks climbed last Friday after earnings from major companies, including American Express, topped estimates. The Dow Jones Industrial Average rose 1.2 percent to a rec…

Apr 24,2007
Investors shake China worries; Kospi up 1.3%

Seoul markets rose yesterday as investors dismissed concerns over China’s possible efforts to cool its economy. The Kospi stepped up 19.42 points, or 1.3 percent, to 1533.08. “Despite worries over China’s possible tightening, the key index gained ground on a gain in the key U.S. stock index. The local bourse seemed to focus more on corporate earni…

Apr 21,2007
Worry over China rate ends Kospi hot streak

Korean stocks yesterday dropped by the highest margin this month, as investor sentiment was rattled by the possibility of an interest rate hike in China. The benchmark Kospi fell 20.92 points, or 1.4 percent, to close at 1,513.66. “The main index plummeted as investors worried that China could try to cool its economy if its first-quarter economi…

Apr 20,2007
Rises across the board push Kospi to record

The Kospi hit a record high again yesterday after recovering from a short fall. Strong earnings outlooks for machinery, chemical and construction shares pulled the index up, along with positive housing and consumer price data in the U.S. overnight. The benchmark Kospi went up 5.92 points, or 0.4 percent, to 1,534.58. “Along with continued foreign…

Apr 19,2007
Market falls on profit taking, stronger won

Seoul’s main stock market slipped yesterday from a record high, as investors took profits from the recent rally. The Kospi closed at 1,528.66, down 3.38 points, or 0.2 percent. “As the market had risen so sharply in the short term, it might remain in correction for a while,” said Kim Jung-hyun, an analyst at Goodmorning Shinhan Securities. Conce…

Apr 18,2007
Strong foreign buying leads Kospi to new high

Although perhaps it becomes less spectacular each time it happens, Seoul’s main market reached an all-time high yesterday as investors went shopping for shipbuilding and machinery shares. The benchmark Kospi gained 11.26 points, or 0.7 percent, to 1,532.04. “The index climbed to a new high on strong foreign buying and rises in Asian markets,” said…

Apr 17,2007

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