중앙데일리

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
Bears rumble in Kospi for 4th day; Posco falls

A growling bear kept stalking Korean stock markets as the Kospi index had another double-digit drop. Market sentiment remained subdued amid the global stock rout stemming from China. Posco, Kookmin Bank and Shinsegae pulled down the market. The benchmark Kospi dropped by 38.32 points, or 2.7 percent, to end at 1,376.15, its fourth consecutive se…

Mar 06,2007
Rough week for Kospi as China crash lingers

The Kospi, Korea’s main stock market index, closed out its worst week in eight months yesterday as a global equity selloff extended. The Kospi lost 2.87 points, or 0.2 percent, to finish at 1,414.47. The numbers took a rollercoaster ride, with heavy volume selling and lingering global market anxiety from the recent stock market crash in Shanghai,…

Mar 03,2007
Chinese stock market not full measure of economy

The Chinese stock market isn’t a complete barometer of the Chinese economy in and of itself ― not yet, anyway. In a telephone interview Wednesday with the JoonAng Daily, Park Han-jin, assistant manager at the Korea Trade Investment Promotion Agency’s Shanghai Trade Center, said the stock market in China will experience more rapid ups and downs. He…

Mar 02,2007
Worldwide stock crash beats down on markets

American stocks took their biggest hit in four years yesteday after the selloff in China spread globally. The fallout from huge Chinese losses brought Korean stocks down sharply as well, as the benchmark Kospi plummeted 37.26 points, or 2.6 percent, to 1,417.34. “The main index’s nosedive was sparked by China’s massive stock losses the previous d…

Mar 01,2007
Fund to invest in stock exchanges

If a stock index performs well, just who makes money? The shareholders, right? Not so fast. Yurie Asset Management, a Korean asset management company, says the stock market operators benefit the most from robust market conditions, and the company will introduce March 5 a fund that invests in those stock exchanges. “It’s the gambling house, no…

Feb 28,2007
Kospi takes a breather after 3-day record run

Korea’s benchmark Kospi stock market index ended a three-day streak of record closes, prompted by China’s main stock index plunging in the afternoon, analysts said. The Kospi slid 15.43 points, or 1.1 percent, before closing at 1,454.60. “The main index’s three-day bull run weighed down a further rise, with foreign investors and institutions pul…

Feb 28,2007

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