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Overseas ripple-effect brings Kospi back up
Seoul stock markets rebounded for two straight days as U.S. markets showed increasing signs of recovery after their downturn late last week. The benchmark Kospi gained 26.56 points, or 1.4 percent, to end at 1,933.27 yesterday after the Dow Jones in…
Aug 01,2007
Bargain hunters drive Kospi past 1,900 mark
Seoul markets began the week on an upbeat note, rising sharply yesterday as retail and institutional investors hunted for beaten-down big-cap shares such as Samsung Electronics and Hyundai Heavy Industries. The benchmark Kospi soared 23.49 points, or…
July 31,2007
Wall Street credit woes cause big global sell-off
Seoul stock markets suffered a downturn unseen for months after rising concern over subprime mortgages in the United States sent American stock markets down on Thursday, spurring a big sell-off by investors worldwide. Korea’s benchmark Kospi nosed…
July 28,2007
Kospi dips below 2,000 as investors take a rest
Seoul stock markets slumped yesterday as investors sought breathing room after the giddy flight of local stock markets, and foreign investors cashed in on profits. The benchmark Kospi slid 40.68 points, or 2 percent, to 1,963.54, below the previous …
July 27,2007
Flying high, the Kospi breaks 2,000
The Seoul stock market rewrote history again yesterday, closing above 2,000 points for the first time. Growing indirect investment, such as mutual funds, and improved financial structure and performance at local companies after the financial crisi…
July 26,2007
Technology shares fall despite Kospi record
Korea’s main Kospi surpassed 2,000 for the first time yesterday, after Moody’s raised the nation’s sovereign credit ratings one level to A2 for the first time in five years. The index closed at 2,004.22, up 11.96 points, or 0.6 percent. “Despite ear…
July 26,2007
Kospi tops 2,000 points, then retreats for a loss
The Kospi passed 2,000 points for a short time yesterday morning but closed the day slightly lower than the previous trading day’s close. The main index ended at 1,992.26, a drop of 0.79 point. It opened at 2001.52 and hit 2,005.02, the highest l…
July 25,2007
Kospi reaches new high despite China rate hike
Seoul’s main index rose to a fresh high yesterday as investors scooped up financial, airline and other large-cap shares. The benchmark Kospi gained 9.51 points, or 0.5 percent, before closing at 1,993.05. “China’s rate hike last week didn’t have a s…
July 24,2007
Institutional purchases buoy Korean markets
Korea’s stock markets had yet another sizzling day yesterday, bolstered by the strong performance of U.S. stocks and heavy purchases by institutional investors. The benchmark Kospi surged 45.64 points, or 2.4 percent, to close at 1,983.54, after th…
July 21,2007
Correction proves brief as Kospi climbs again
Following two days of corrections, Seoul stocks rebounded yesterday, a recovery largely spurred by more than sufficient liquidity, according to analysts. The Kospi was up 7.2 points, or 0.4 percent, to close at 1,937.9. “The bellwether index, which …
July 20,2007
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