중앙데일리

Rises across the board push Kospi to record

The Kospi hit a record high again yesterday after recovering from a short fall. Strong earnings outlooks for machinery, chemical and construction shares pulled the index up, along with positive housing and consumer price data in the U.S. overnight. The benchmark Kospi went up 5.92 points, or 0.4 percent, to 1,534.58. “Along with continued foreign…

Apr 19,2007
Market falls on profit taking, stronger won

Seoul’s main stock market slipped yesterday from a record high, as investors took profits from the recent rally. The Kospi closed at 1,528.66, down 3.38 points, or 0.2 percent. “As the market had risen so sharply in the short term, it might remain in correction for a while,” said Kim Jung-hyun, an analyst at Goodmorning Shinhan Securities. Conce…

Apr 18,2007
Strong foreign buying leads Kospi to new high

Although perhaps it becomes less spectacular each time it happens, Seoul’s main market reached an all-time high yesterday as investors went shopping for shipbuilding and machinery shares. The benchmark Kospi gained 11.26 points, or 0.7 percent, to 1,532.04. “The index climbed to a new high on strong foreign buying and rises in Asian markets,” said…

Apr 17,2007
Kospi down on gloomy reports from Samsung

Seoul’s main stock market declined yesterday after two straight sessions of advance, mainly due to technology bellwether Samsung Electronics, which made a worse-than-expected earnings report. The Kospi ended at 1,520.78, down 4.83 points, or 0.3 percent. “As Samsung Electronics’ performance fell short of market expectations, the local bourse retr…

Apr 14,2007
Program buying helps Kospi set record again

Korea’s main stock market index again reached a record high yesterday, supported by strong program buying. The Kospi gained 12.19 points, or 0.8 percent, to close at 1,525.61. “Foreign investors increased their holdings of domestic stocks on anticipated rises in credit ratings, and the status of the key index will be upgraded to join the stock mar…

Apr 13,2007
Another day over 1,500 as blue chips get bullish

Korean stocks rebounded yesterday after a retreat below the 1,500 mark, largely bolstered by tech shares. The Kospi rose 14.26 points, 1 percent, to 1,513.42. Blue chips were bullish. Samsung Electronics, despite forecasts that its first-quarter earnings will be worse than expected, jumped 3.6 percent to 599,000 won ($642.6). LG.Philips LCD, the w…

Apr 12,2007
Kospi dips under 1,500 on institutional selling

The main Korean stock market index closed slightly down yesterday with institutional buyers selling blue chips such as Samsung Electronics to profit from recent gains, analysts said. The Kospi fell 1.90 points, or 0.13 percent, to 1,499.16. “Investors took a breath after the market rose above the 1,500-point mark in the previous session, and insti…

Apr 11,2007
Kospi continues to climb, closing above 1,500

Korea’s main stock index climbed above the psychologically important 1,500 point mark yesterday, closing at an all-time high for the Kospi of 1,501.06 points. Local experts said that after Korea reached a free trade agreement with the United States last week, foreign investors began a buying spree on the belief that the deal will stoke growth in …

Apr 10,2007
Confidence in earnings helps Kospi set record

The Kospi stock market index broke the 1,500-point barrier for the first time yesterday, as shipyards and construction issues led the market gain. The Kospi rose 16.91 points, or 1.1 percent, to close at 1,501.06. The previous record was 1,484.15 set last Friday. “As positive employment figures in the U.S. heartened investors, growing confidenc…

Apr 10,2007
Shipbuilders help Kospi steam to a record high

The main Korean stock market index hit a record high yesterday, as investors purchased Hyundai Heavy Industries and other shipbuilding issues, said analysts. The benchmark Kospi added 2.11 points, or 0.14 percent, to close at 1,484.15. “Without distinct leads, the market moved in a very narrow range throughout the day. But it managed to settle in…

Apr 07,2007

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