중앙데일리

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
Markets dip as investors sell electronics shares

The Korean stock markets slid slightly yesterday, ending three straight sessions of gains, as retail and foreign investors sold off electronics shares. The Kospi shed 1.25 points, or 0.1 percent, to 1,389.71. “Amid a lack of positive leads and corporate earnings reports that failed to beat the market consensus, the market didn’t rebound from a re…

Jan 16,2007
Electronic, bank shares send the markets higher

Korean stocks opened the week on a high note, as foreign investors picked up electronics and bank shares. The benchmark Kospi closed 2.59 points, or 0.2 percent, higher at 1,390.96. It was the index’s third straight session of gains. “Although foreigners bought a large number of shares on the back of rises in U.S. stocks Friday, heavy program s…

Jan 15,2007

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