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Wed, October 5, 2022 | 13:48

KOSPI took heaviest beating among leading stock indices

The benchmark Korea Composite Stock Price Index (KOSPI) suffered the biggest decline among major stock indices in September as foreign investors exited en masse, data showed Tuesday. According to the Korea Exchange, the main stock index declined 10.8 percent last month. Other major stock indices of developed countries _ such as the United States, Japan and Europe _ also exten...

2022-10-04 16:50

Stock market stabilization fund to be launched to ease downswings

Financial authorities plan to launch a stock market stabilization fund as part of efforts to counter downswings amid growing worries over global financial tightening and slowing economic growth, industry sources said Tuesday.

2022-10-04 11:18

Seoul shares open higher on US gains

Korean stocks got off to a strong start Tuesday, tracking overnight gains on Wall Street, to rebound from an over two-year low amid lingering fears of a global economic recession.

2022-10-04 09:52

Weak yen leads to shopping boom on Japanese online market

More Koreans are buying goods directly from online malls in Japan as the weak yen persists against the Korean won. It was considered virtually a norm that 100 yen be traded at 1,000 won or slightly higher, but the Japanese currency has remained at a lower level due to the ultra-loose monetary policy embraced by the Bank of Japan.

2022-10-03 17:40

Short-selling transactions focus on blue-chip stocks

The total amount of short-selling transactions on the main Korea Composite Stock Price Index (KOSPI) in September increased about 40 percent compared to the previous month, while the country's blue-chip stocks were the most shorted amid the bear market.

Anna J. Park | 2022-10-03 16:24

Seoul shares sink to over 2-year low amid recession worries

Seoul stocks retreated to an over two-year low Friday amid the spreading recession fears. The Korean won rose against the U.S. dollar.

2022-09-30 16:12

Seoul shares open lower on Wall Street plunge

Seoul stocks opened lower Friday, taking a cue from overnight losses on Wall Street that stemmed from growing recession fears.

2022-09-30 10:03

Seoul shares pare gains to close almost flat amid recession fears

Seoul stocks ended almost flat Thursday, shedding nearly all earlier gains amid woes that combative monetary tightening moves in major economies would lead to a global economic recession. The Korean won rose slightly against the U.S. dollar.

2022-09-29 16:15

Seoul shares open higher after rout amid recession fears

Seoul stocks opened higher tracking overnight Wall Street gains, after plunging to the lowest level in more than two years the previous session on growing recession fears.

2022-09-29 10:11

Gov't to resume operating $6.9 bil. fund aimed at stabilizing market

The Korean currency plunged below a 13-and-a-half-year low of 1,440 won per dollar at one point during Wednesday's trade, while the benchmark KOSPI closed under the 2,200 point level for the first time in more than two years. The won closed at 1,439.9 per dollar, depreciating by 18.4 won from Tuesday's close, after falling to as low as 1442.2 per dollar during intraday tradin...

2022-09-28 16:44

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