Korea Joongang Daily
Korea JoongAng Daily

Stocks rise to a near two-year high on U.S. stimulus hopes

Stocks gained ground for a third consecutive session on Wednesday to close at the highest level in nearly two years, as investor sentiment was buoyed by progress in U.S. stimulus, analysts said. The won rose against the dollar.

2020-08-05

Stocks drop as second-wave fears weigh on sentiment

Stocks closed lower Thursday, ending a two-session rally, on investor concerns over a second wave of new coronavirus infections in the world's two largest economies. The won rose against the dollar.

2020-06-18

Kospi jumps up 5 percent on Fed asset purchase scheme

Seoul stocks spiked more than 5 percent on Tuesday, recovering most of the sharp drop in the previous session, as the U.S. Federal Reserve's plan to purchase corporate bonds. A sidecar was issued at one point to contain massive purchases.

2020-06-16

Kospi plunges 4.75% on fears of a second wave

Stocks sank almost 5 percent amid rising concerns of a second wave of the coronavirus, extending their losing streak to a third consecutive session. The won fell sharply against the dollar.

2020-06-15

Kospi extends winning streak to eighth session

Stocks closed higher Tuesday, extending a winning streak to an eighth consecutive session on hopes for economic recovery and ahead of the Fed meeting this week. The won sharply rose against the dollar.

2020-06-09

Kospi extends winning streak, jumping up 1 percent

Stocks rose by more than 1 percent Tuesday, extending a winning streak to a third consecutive session on hopes for economic reopening, despite uncertainties from the spreading protests against police violence in the United States.

2020-06-02

The market’s back

The Kospi is displayed on a screen in the dealing room of Hana Bank, in Jung Distict, central Seoul, Monday. The Kospi climbed 35.48 basis points, or 1.75 percent, breaking the 2000 mark as institutional and foreign investors scooped up shares.

2020-06-01

Kospi posts modest gains after boost from large caps

Stocks closed higher for the second straight day Tuesday amid hopes for an economic rebound, while the won gained ground against the dollar. After a choppy session, the benchmark Kospi gained 11.32 points, or 0.59 percent, to close at 1,934.09.

2020-04-29