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Large caps lead market to 18-month low
Korean stocks fell to a 18-month low yesterday. The benchmark Kospi lost 7.29 points, or 0.52 percent, dropping to 1,407.14. Volume was moderate at 366.87 million shares worth 5.43 trillion won ($4.79 billion), with losers outpacing gainers, …
Sept 03,2008
Kospi slides as institutions decide to sell
Korean stocks declined yesterday, led by tech and other blue-chip stocks on a grim economic outlook, with the country’s key stock index hitting a fresh 16-month low. The benchmark Kospi fell 19.77 points, or 1.32 percent, to 1,474.15. “Amid a lac…
Aug 29,2008
Falling demand for exports damps Kospi
Korea’s key stock index fell below the 1,500-point mark yesterday. The benchmark Kospi shed 15.68 points, or 1.04 percent, to 1,496.91. Volume was thin at 222.9 million shares worth 3.66 trillion won ($3.45 billion), with losers outpacing gainers,…
Aug 23,2008
Builders and shipyards lead market slide
Korean stocks fell almost 2 percent yesterday as investors unloaded shipyard, construction and tech shares amid weaker Asian markets and lingering concerns over a credit crunch, analysts said. The local currency hit a 34-month low against the U.S. do…
Aug 22,2008
Fund returns put investors in the lap of luxury
Luxury funds stand out in a comparison of fund performances over the past month. At a time when raw materials and Chinese shares are losing value, funds investing in the makers of world-renowned luxury goods posted returns of 10 percent or so. …
Aug 20,2008
Kospi falls on concerns about overseas sales
Korean stocks tumbled yesterday as investors dumped tech, shipyard and other large-cap shares on renewed concerns over financial instability and a global economic slowdown, analysts said. The benchmark Kospi fell 26.3 points, or 1.7 percent, to 1…
Aug 20,2008
Kospi falls on automaker and shipping losses
Korean stocks inched down yesterday as losses in automakers and shipbuilders offset gains of builder and machinery shares like Doosan Heavy Industries and Construction, analysts said. The local currency fell against the U.S. dollar. The bench…
Aug 19,2008
Market rises as investors snatch up deals
Korean stocks closed higher yesterday as foreign investors snapped up steel, shipyard and other recently oversold shares despite lingering concerns over a global slowdown, analysts said. The benchmark Kospi rose 9.47 points, or 0.6 percent, to 1,…
Aug 15,2008
Fund tide turns toward the U.S.
The combined market cap of the companies listed on the New York Stock Exchange and Nasdaq, the two biggest exchanges in the U.S., was $18.2 trillion as of June. That of the firms listed on the Chinese stock markets in the mainland and Hong Kong w…
Aug 14,2008
Low stock prices snarl plans for privatization
Korea’s depressed stock market has sharply undermined the value of state-owned companies scheduled for sale or privatization, raising questions about the wisdom of putting them on the market. According to financial industry sources yesterday, sto…
Aug 14,2008
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