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Samsung Electronics and SK Hynix led early advances before institutional and retail profit-taking trimmed benchmark gains ahead of the two-day Chuseok market closure.
Second-quarter regional corporate earnings grew 102 per cent, led by strong results in Singapore, Taiwan and Indonesia.
Margin debt climbed past 33 trillion won as individual traders borrowed heavily despite pulling cash reserves out of equities.
Foreign funds offloaded 3.69 trillion won in Seoul shares as Samsung’s delayed payout timetable triggered an 8.70 per cent stock slide.
Asian shares stumbled on Tuesday and the dollar hovered near two-week lows as prospects for a long-awaited Sino-US trade deal was dealt another blow after the United States levelled sweeping criminal charges against China’s telecom giant Huawei. MSCI’s…
Korean stocks closed slightly lower Friday as institutions and retail investors dumped local stocks offsetting a buying spree by foreign traders. The South Korean won extended its rally against the U.S. dollar. The benchmark Kospi slipped 0.8 point, or 0.03…
South Korean stocks rose marginally high on Tuesday, propped up by rallies in pharmaceutical and retail companies. The local currency lost against the greenback. The benchmark Korea Composite Stock Price Index (KOSPI) added 2.25 points, or 0.11 percent, to…
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