중앙데일리

Eugene rises after becoming sales target

Eugene Investment and Securities rose by daily limit for the third day in a row yesterday, on expectations that the brokerage will soon be sold. It rose 135 won (11 cents), or 14.9 percent, to 1,040 won yesterday. “There seems to be an expectat…

Nov 04,2008
Foreign investors come back, lifting Kospi

Korean stocks finished substantially higher yesterday as foreign investors snapped up blue chips in line with overnight U.S. gains, analysts said. The local currency fell against the greenback. The benchmark Kospi rose 28.34 points, or 2.61 perce…

Nov 01,2008
Battered Kospi giants regain lost ground

Korean stocks finished almost 12 percent higher yesterday on hopes that a currency swap deal with the U.S. and a rate cut by the Federal Reserve will relieve market turmoil. The benchmark Kospi jumped 115.75 points, or 11.95 percent, to 1,084.72, its…

Oct 31,2008
In down market, CEOs turn buyers

Amid the Seoul stock market’s free fall, the nation’s chief executive officers and top shareholders are buying their own companies’ shares to prove their financial soundness and prevent stock prices from sliding further. Such a move often reassur…

Oct 30,2008
Mirae Asset falters amid market turmoil

Shares in Mirae Asset Securities, once deemed a pioneer of the Korean brokerage industry’s future, fell to a near record low yesterday. The share plunged by the daily limit of 15 percent yesterday to 48,000 won ($33.80), the same price set at the…

Oct 30,2008
C& rumors a wet blanket on Kospi’s fire

Korean stocks fell more than 3 percent yesterday on rumors that the International Monetary Fund has offered to provide the country with dollar liquidity, analysts said. “Unconfirmed market rumors, especially the IMF offer of support, seem to have…

Oct 30,2008
Steel, machinery firms gain as telecoms fall

The benchmark Korea Composite Stock Price Index rose 52.71 points, or 5.6 percent, to 999.16 yesterday after opening over 3 percent lower on overnight U.S. losses. Volume was heavy at 642.6 million shares worth 6.18 trillion won ($4.2 billion), with …

Oct 29,2008
Cheap local stocks sell for less than a bus ticket

Hundreds of local stocks have become extremely cheap and are now worth less than 50 cents. According to Korea Exchange, the local bourse operator, yesterday, a total of 247 stocks - 58 on the benchmark Kospi and 189 on the junior Kosdaq - are v…

Oct 27,2008
Market careens downhill, makes 1,000 barrier vanish

The stock market careened downhill yesterday, crashing through the 1,000 barrier despite continuous government effort to lessen panic by announcing that Asian countries including Korea have agreed on raising an $80 billion monetary fund. The benc…

Oct 25,2008
Blue chips hit hard as markets nose-dive

Seoul stocks closed more than 10 percent lower yesterday as unrelenting sell-offs of blue chips continued amid a grim economic outlook, analysts said. The benchmark Kospi plummeted 110.96 points, or 10.6 percent, to 938.75. Volume was moderate at…

Oct 25,2008

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