중앙데일리

Slight gains as indexes rebound in Japan, China

Seoul markets were marginally higher yesterday in tune with a recovery by global markets. The Kospi rose 0.95 points, or 0.1 percent, before closing at 1,427.88. “Reversing earlier losses in a choppy session, the main bourse turned positive after the key indexes of Japan and China rebounded,” said Kim Jung-hyun, an analyst at Goodmorning Shinhan …

Mar 17,2007
U.S. rebound sparks rise in Korea’s stock markets

Korea’s main stock exchange rebounded yesterday after a sharp dip the previous day. The Kospi ended at 1,426.93, up 19.56 points, or 1.4 percent, largely led by shipbuilding and steel shares. “Buoyed by the U.S. rebound, bargain hunters snapped up large caps such as banks and shipyards,” said Park Seok-hyun, an analyst at Kyobo Securities. U.S. s…

Mar 16,2007
Tech and finance stocks pull down local market

Seoul stock markets declined yesterday on massive program selling by institutional investors. Major technology shares, including Samsung Electronics and SK Telecom, hammered down the market. The benchmark Kospi lost 5.28 points, or 0.4 percent, to close at 1,436.05. Market bellwether Samsung Electronics slid 0.3 percent to close at 600,000 won…

Mar 14,2007
Foreign buying pushes Kospi, Kosdaq upward

The Korean stock markets enjoyed a robust day thanks to substantial foreign buying of major shares. The benchmark Kospi index rose 17.75 points, or 1.3 percent, to close at 1,441.33. “Positive data on the U.S. job market over the weekend eased concerns over a dip in the world’s largest economy and further weakening of the greenback,” said Ryu Yong…

Mar 13,2007
Fund market grows;beware bandwagon

The accumulated investment in Korean equity funds hit the 50-trillion-won mark ($53 billion) on March 5, seven months after topping 40 trillion won. Having overcome the ups and downs in the stock market, most recently the bubble burst in China that dragged down the Kospi, equity funds have established themselves as a pillar of the Korean stock and …

Mar 12,2007
Traders hedge their bets as Kospi dips down a bit

Seoul’s main stock market declined yesterday as foreign investors turned cautious while looking for trading hints from key U.S. employment data due late last night. Major banking shares, including Kookmin and Woori, dragged the market down. The benchmark Kospi inched down 0.31 points, or 0.02 percent, to end at 1,423.58. Samsung Electronics,…

Mar 10,2007
Stocks keep recovering despite triple witching

Koeran stock markets closed up yesterday as investors released cash assets, buying financial and steel shares, clearing worries surrounding the expiration of futures and options on triple witching day. The Kospi rose 12.94 points, or 0.9 percent, to 1,423.89. “Despite worries over fluctuations due to triple witching, the market was given a boost …

Mar 09,2007
Korean stocks luring investors

Korean stocks, Asia’s second cheapest, are attracting value investors including Warren Buffett, the world’s second-richest man. “Korea is now cheap,” said Geoff Lewis, head of investment services JF Asset Management in Hong Kong. “We’re not necessarily following Buffett, but if the Sage of Omaha is buying Korea, some people are bound to do so as w…

Mar 09,2007
Kospi, Kosdaq continue rally from China crash

Seoul stock markets yesterday continued erasing losses caused by the recent market rout stemming from China, buoyed by positive overnight performances in the United States and Europe. The benchmark Kospi rose 8.02 points, or 0.6 percent, to end at 1,410.95, up for two straight trading days. Market bellwether Samsung Electronics inched up 0.2 perce…

Mar 08,2007
Both markets rebound, but uncertainty ahead

Korea’s main stock market rallied yesterday, ending a four-day losing streak. The benchmark Kospi added 26.78 points, or 2 percent, to close at 1,402.93. “Investors’ sentiment improved, as most other Asian markets rebounded from their sharp declines on Monday,” said Lee Young-gon at Hanwha Securities. “But investors need to be conservative, with t…

Mar 07,2007

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