중앙데일리

5-session bull run ends, investors pocket profit

Korea’s main stock market index paused for a breath yesterday, ending a five-session winning streak that helped the benchmark Kospi reach its highest level in more than a month. The Kospi declined 1.37 points, or 0.1 percent, to close at 1,482.04, on heavy profit-taking by local individual and institutional investors. Market bellwether Samsung E…

Apr 06,2007
Samsung’s biggest jump in 7 months lifts Kospi

Seoul’s main market continued a five-day winning streak yesterday. The Kospi swung up 19.66 points, or 1.3 percent, to 1,483.41, the highest close since Feb. 26. “Overnight rallies in U.S. stocks pushed up the local bourse, with foreign investors going on a buying spree,” said Han Yo-seop, an analyst at Daewoo Securities. Foreign buying focused o…

Apr 05,2007
Trade pact’s aura fades as stocks creep upward

Seoul’s main stock market rose for the fourth straight trading session but only marginally yesterday, as the effect of a free trade agreement with the United States, which was announced Monday, weakened. The benchmark Kospi closed at 1,463.75, up 4.22 points, or 0.3 percent. “Though the free trade agreement is a good factor on the Seoul stock mark…

Apr 04,2007
Markets cheer free trade deal

When Korea and the United States announced a free trade agreement early yesterday afternoon, the news boosted investor sentiment here and drove up both the Kospi and the Kosdaq indexes. Analysts said the deal should have a positive impact on the market for the time being. When Korea signed a free trade deal with Chile in the fall of 2002, the Kos…

Apr 03,2007
U.S. trade deal prompts 7-point rise on Kospi

Korean stocks closed higher in April’s first trading session yesterday, as investors bought auto and blue chip shares on optimism that Korea’s free trade pact with the U.S. would boost the export-reliant economy. The Kospi gained 6.98 points, or 0.5 percent, to 1,459.53. “With a free trade agreement clinched [in the early afternoon], investors be…

Apr 03,2007
Overseas investments struggle in the new year

Korean investors in foreign equity funds have not had much to cheer about in the year’s first three months. Most of these funds, which invest in overseas assets, have either failed to offer returns on investment or have given much smaller returns than in the past. Funds that invest in assets based in Japan, India and Hong Kong have been popular a…

Apr 02,2007
Speculation on merger helps lift Posco, Kospi

Seoul stocks rose for the second straight trading day after U.S stock markets fared strongly on better-than-expected economic data. Posco and Hyundai Motor, Korea’s largest automaker, led the gain. The benchmark Kospi rose 1.6 points, or 0.1 percent, to close at 1,452.55. The Dow Jones Industrial Average rose 0.4 percent to 12,348.80 on Thursd…

Mar 31,2007
Asian market recovery heaves Kospi upward

Seoul stock markets rebounded yesterday on heavy program purchases by institutional investors. The Kospi soared 11.21 points or 0.8 percent to close at 1,450.95 as upturns in the Japanese and Chinese stock markets brightened investment sentiment here. Market bellwether Samsung Electronics stumbled 0.5 percent to end at 569,000 won ($605), but Po…

Mar 30,2007
Foreign investors make up 38 percent of Kospi

Foreign investors continue to maintain a strong hold on the Korean stock market, the nation’s financial watchdog announced yesterday. According to the Financial Supervisory Commission, foreign investor shareholding accounted for 38 percent of aggregated stock value on the benchmark Kospi index at the end of February. In terms of monetary value,…

Mar 29,2007
Korean shares decline as Wall Street retreats

Korean stocks fell for the first time this week yesterday on overnight losses on Wall Street. The benchmark Kospi dropped 13.49 points, or 0.9 percent, to close at 1,439.74. “Amid a lack of leads, shares tumbled due to overnight losses on Wall Street,” said Kim Yong-gak, an analyst at Hyundai Securities. U.S. stocks fell Tuesday on a report of…

Mar 29,2007

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