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Kospi breaks free from 2-day slump, Posco falls
Seoul’s main stock market rebounded yesterday after two straight sessions of falling, largely bolstered by mass purchases by institutional investors. The Kospi climbed 13.32 points, or 0.8 percent, to close at 1,729.88. “Investors snapped up shipbu…
June 13,2007
Investors sell for profits and indexes take a dip
Markets closed lower yesterday as institutional and foreign investors sold high-price ship-building and machinery issues to profit from recent rallies, analysts said. During the past four trading days foreign investors sold almost 1 trillion won ($1…
June 12,2007
First initial share sale big boost for local market
Huafeng Textile International Group Ltd., a Hong Kong-based fabrics maker, plans to sell as much as HK$300 million ($38.4 million) of stock next month in Korea’s first initial share sale by a foreign company. The company will use the money for merge…
June 12,2007
Koreans leap into Asian stock market
Individual transactions by Koreans of shares traded on major Asian stock markets jumped sharply this year as their interest in overseas equity markets increased, a state-run stock depository said yesterday. Korean individuals traded $1.37 billion …
June 12,2007
The virtue of positive economic sentiment
The relationship between economic sentiment and growth tends to be mutually complementary. That is, people? views of the economy? future will lead to changes in economic performance, while economic changes will lead to adjustment in both consumers?an…
June 11,2007
Investors step back from 8-day streak as Kospi falls
Seoul’s main stock market fell for the first time in nine trading days as investors sought breathing room after the recent market boom that sent the benchmark Kospi to record highs for eight days in a row. The Kospi declined 25.76 points, or 1.5 p…
June 09,2007
Kospi ignores fall abroad, reaches 8th straight high
Seoul’s main stock market climbed to a new record for the eighth straight session yesterday. The benchmark Kospi closed at 1753.04, up 10.85, or 0.6 percent. “As money continued to flow into stock funds and economic indicators improved, the Seoul s…
June 08,2007
Retail investors extend Kospi’s upward climb
Korea’s main bourse posted a fresh high yesterday, bolstered by retail investors’ robust net purchase in the latter half of the session. The Kospi ended at 1,742.19, up 4.6 points, or 0.3 percent. “The market underwent a choppy session throughout t…
June 06,2007
Kospi keeps up streak on steel, ships and chips
Despite recent falls in China’s stock market, the Seoul bourse made yet another leap yesterday, marking a winning steak of six straight sessions. The Kospi jumped 21.35 points, or 1.2 percent, to 1,737.59. “The main index quickly overcame the earli…
June 05,2007
Ships, steel and securities lead surge to another high
The main index set another new high yesterday, but the Kosdaq market fell, ending a string of seven consecutive days in positive territory. The Kospi closed at 1716.24, an increase of 15.33 points, or 0.9 percent. At one point, institutional and…
June 02,2007
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