Tag: KOSPI
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Analysis:Korean ‘ants’ swarm back to Wall Street as KOSPI rout dents homecoming drive
SEOUL, Aug 7 : South Korea’s stock market rout is unravelling a government-backed effort to lure retail ‘ant’ investors home, driving the biggest rush into the U.S. market in six months and reviving a long-standing risk to the won.In July, as the benchmark KOSPI sagged to its largest monthly loss since the de
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Tech rebound fuels record-breaking rally in South Korean stocks
HONG KONG: South Korean stocks soared a record 17.9 per cent on Friday (Jul 31) as Asian tech firms performed a blistering recovery from an extended sell-off, with beaten-down chip giant SK Hynix rocketing almost a third as the AI boom roared back.After four weeks of blood-letting fuelled by worries over the
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Volatile South Korean shares soar on renewed semiconductor buying
SINGAPORE: South Korean shares soared 16 per cent in early trade on Friday (Jul 31) off the back of a fresh surge of investment into global semiconductor stocks, the latest swing in a market being tossed back and forth by leveraged bets.The benchmark KOSPI jumped 919.07 points, or 16.43 per cent, to 6,512.63
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Seoul, Tokyo lead Asian plunge as tech stocks suffer fresh rout
HONG KONG: South Korea’s Kospi collapsed 10 per cent as tech took a battering on another black day for Asian stock markets, with a report of a breakthrough in China’s chip industry compounding worries about the longevity of the AI boom.The losses extended a sell-off across the industry globally following an e
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SK hynix plunges after NASDAQ debut amid profit-taking, diminishing earnings optimism
The South Korean chip giant plunged more than 15 per cent on Monday (Jul 13).
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Oil prices spike on fresh US-Iran attacks, tech hammers on stocks again
Seoul led losses in most Asian stocks, dragged down by market heavyweight SK hynix’s plunge of more than 15 per cent.
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Oil prices spike on fresh US-Iran attacks, tech weighs on stocks again
Seoul led losses in most Asian stocks, dragged down by market heavyweight SK hynix’s 10 per cent plunge.
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South Korea’s KOSPI tumbles 8%, triggering circuit breakers for sixth time this year
SEOUL: South Korean shares fell 8 per cent on Tuesday, led by chipmakers, as investors questioned whether record earnings tied to AI could hold up.The benchmark KOSPI was down 646.85 points, or 8.03 per cent, at 7,404.48, as of 4.53am GMT (12.53pm, Singapore time). It triggered circuit breakers at 4.51am GMT,
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Asian shares fall as chipmakers drag; US jobs data looms
SYDNEY: Asian shares skidded on Thursday (Jul 2) as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for US jobs data that could gives hints about the risk of interest rate hikes.Oil prices hit new four-month lows, with Brent crude off 0.8 per cent to US$
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South Korea’s KOSPI plunges more than 8% in new tech rout
Asian tech stocks also sank on Friday as the rollercoaster ride that has characterised the week continued into the weekend, while crude prices edged back down after a brief rally sparked by news of an attack on a ship in the Strait of Hormuz.
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