Stocks bounced back Tuesday, snapping a four-day losing streak, as investors scooped up oversold stocks ahead of the quarterly earnings season. The local currency fell against the dollar.
A monitor at Hana Bank in Myeong-dong, central Seoul, shows the Kospi closing in on 2,300 on Monday and hitting a two-year low.
Stocks dipped for a fourth consecutive day to hit a fresh 20-month low Monday as investors worry the U.S. Federal Reserve's move to curb inflation may trigger a deeper-than-expected economic recession. The local currency inched up against the dollar.
Stocks plunged by almost 2 percent Thursday to slump for a second straight session amid recession woes and a dim outlook for the chipmaking sector. The won rose against the dollar.
Stocks snapped their three-day winning streak Wednesday, as investors were spooked by overnight plunges on Wall Street caused by growing concerns about a recession. The won tumbled against the dollar.
Shares ended higher Tuesday to extend their winning streak to a third day as auto and technology stocks advanced on bargain hunting, with investors keeping an eye on U.S. economic data and Federal Reserve policy.
Shares ended higher for the second straight session Monday, as investors speculate the pace of the Federal Reserve's rate hikes could be slower than expected amid global recession woes. The local currency sharply rose against the dollar.
Stocks fell again Thursday, as investors avoided risky assets amid monetary tightening and recession fears. The local currency fell to the lowest point against the dollar in almost 13 years. After choppy trading, the Kospi dropped 28.49 points...
A screen in Hana Bank's trading room in central Seoul shows the Kospi closing at 2,342.81 points on Wednesday, down 66.12 points, or 2.74 percent, from the previous trading day.
Stocks fell again, shedding almost 3 percent Wednesday as recession woes made investors avoid risky assets amid hawkish monetary policy in major economies. The local currency fell to the lowest point against the dollar in 13 years.