중앙데일리

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
Foreign buying nudges Kospi to 3rd new high

Korean stock markets made marginal progress yesterday, but it was still a third straight session of record highs. The main index Kospi rose 0.15 points to close at 1,470.03, the third high in three sessions. Trading moved in a narrow range as foreign investors bought up stocks and caused a short-term jump, analysts said. “The main index managed …

Feb 27,2007
Kospi hits another high as builder shares surge

Korea’s benchmark stock market index recorded a record high for the second day in a row, boosted by construction and securities shares. The Kospi rose 4.47 points, or 0.3 percent, before closing at 1,469.88. Builder shares gained ground on expectations for a recovery by the construction industry and general anticipation for economic recovery. To…

Feb 24,2007
Kospi hits a record high as steel, financials climb

Korea’s main bourse reached a record high yesterday as investors picked up steel and financial shares. The Kospi rose 14.03 points, or 1 percent, to 1,465.41. “Steel and financial gains gave a boost to the local bourse, while tech blue chips like Samsung Electronics turned negative in late trading,” said Kim Young-gak at Hyundai Securities. He fo…

Feb 23,2007
Possible rise in the yen prompts tech optimism

Seoul’s main bourse slipped yesterday as investors went to the sidelines on expectations that the index will soon hit a new high, analysts said. The Kospi fell 1.58 points, or 0.1 percent, to 1,451.38. “Investors seemed to take a breather before the index reaches a record high,” said Park Seok-hyun at Kyobo Securities. Tech exporters gained grou…

Feb 22,2007

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