중앙데일리

Stocks see early spring on better credit ratings

The market’s final session of the week saw stocks rise sharply yesterday as institutional buyers and foreign investors mopped up financial shares on an improved credit rating outlook for local lenders. The bellwether Kospi climbed 30.24 points, or 2.2 percent, to 1,413.14. “The main index was driven by sharp blue chip gains, especially among lende…

Feb 03,2007
Fed leaves interest rate unchanged, markets rise

Seoul stocks rallied yesterday, led by exporters, on optimism about the U.S. economy, which is Korea’s second-biggest market. The benchmark Kospi added 22.67 points, or 1.7 percent, closing at 1382.90. The U.S. Federal Reserve decided on Wednesday to keep its key interest rate at 5.25 percent, saying in a statement that “inflation pressures seem l…

Feb 02,2007
New real estate policies flatten builders’ shares

Korea’s main stock market index declined yesterday after rebounding in the previous session. The Kospi dipped 10.49 points, or 0.8 percent, to 1360.23. “Despite a strong opening, the main index was weighed down by strong institutional selling,” said Park Seok-hyun, an analyst at Kyobo Securities. Investor sentiment was weakened by forecasts that…

Feb 01,2007
Tech shares, U.S. decline dampens local markets

Korean stock markets closed down yesterday, as investors sold Samsung stock and a winning streak on the U.S. market came to an end overnight. The Kospi dropped 11.03 points, or 0.8 percent, to 1,371.33. “Investors mainly dumped tech shares, taking a cue from falls on Wall Street,” said Kim Young-gak, an analyst at Hyundai Securities. Bellwether …

Jan 27,2007
Big run on Wall Street doesn’t elevate Kospi

The main Korean stock market finished the session slightly lower yesterday despite record gains in U.S. markets and a six-year high on the S&P 500. The yardstick Kospi dipped 0.7 point, or 0.1 percent, to 1,382.36. In the United States, the Dow Jones Industrial Average set its 26th record high since the blue chip average began its surge at the st…

Jan 26,2007
Tech share purchasing lifts Kospi by 20 points

The main Korean bourse soared yesterday on investors’ heavy purchases of tech shares. The benchmark Kospi jumped 19.97 points, or 1.5 percent, to close at 1,383.06. “Overnight rallies in U.S. markets and rises in other Asian equity markets helped improve investor sentiment,” said Park Seok-hyun, an analyst at Kyobo Securities. “The main bourse …

Jan 25,2007
Investors on edge about 4Q reports; stocks drop

Investors are apprehensive about major U.S. companies’ fourth-quarter earnings announcements this week, tugging down the Korean stock markets yesterday. The benchmark Kospi declined 0.32 points, or 0.02 percent, to end at 1,363.09. Blue chips were mixed. Market bellwether Samsung Electronics rose 0.9 percent to 596,000 won ($633). LG.Philiips L…

Jan 24,2007
Tech, Japanese stocks help local index recover

Korea’s main bourse rebounded from Friday’s huge loss on the the strength of solid purchasing in tech shares. The benchmark Kospi gained 2.85 points, or 0.2 percent, to close at 1,363.41. “After moving in a tight range, stocks gained some momentum due to rises in Asian equity markets including Japan,” said Kim Hak-gyun, an analyst at Korea Inves…

Jan 23,2007
Both markets decline as tech shares are sold

Seoul markets closed lower yesterday as institutions dumped tech shares, taking a cue from an overnight plunge in U.S. tech stocks. The Kospi dropped 22.65 points, or 1.64 percent, to 1,360.56. “The fundamental problem lies in weak investor sentiment as corporate quarterly earnings fall short of market expectations and the won remains strong aga…

Jan 20,2007
U.S. tech stocks tumble; Kospi, Kosdaq go down

Seoul markets fell yesterday as a wave of institutional investors dumped shares in line with overnight falls in U.S. tech stocks. The benchmark Kospi fell 10.23 points, 0.7 percent, to 1,379.48. “A disappointing quarterly earnings report by Intel triggered a losing streak in IT stocks, sending the local bourse lower,” said Kim Jung-hyun at Goodmo…

Jan 18,2007

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