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Asia

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Tue, November 29, 2022 | 17:10

Short-selling transactions focus on blue-chip stocks

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 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 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 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 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

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

Seoul stocks sink to over 2-year low on recession woes; Korean won at over 13-year trough

Seoul stocks sink to over 2-year low on recession woes; Korean won at over 13-year trough

Seoul stocks dropped to the lowest level in more than two years and the Korean won tumbled to a 13-year low Wednesday on deepening concerns over a global recession in the wake of aggressive monetary tightening in major economies.

2022-09-28 16:21

Seoul shares open lower on recession woes

Seoul shares open lower on recession woes

Korean stocks opened lower Wednesday, tracking overnight losses on Wall Street, amid lingering concerns over the impact of aggressive monetary tightening in major economies on growth momentum.

2022-09-28 10:23

Brokerages earn $16.5 mil. in short selling fees in H1: data

Brokerages earn $16.5 mil. in short selling fees in H1: data

Brokerages in Korea raked in a combined 23.61 billion won ($16.5 million) in fees from handling stock short selling in the first half of this year, data showed Tuesday.

2022-09-27 10:14

Korean stocks, currency slide amid fears of inflation, recession

Korean stocks, currency slide amid fears of inflation, recession

Korean stocks and the local currency fell sharply amid heightened fears of inflation and a recession following the U.S. Federal Reserve's third straight “giant step” rate hike of 75 basis points last week. The benchmark KOSPI closed at 2,220.94, Monday, down 3.02 percent from the previous session. The tech-heavy Kosdaq reported a bigger loss of 5.07 percent and failed to defe...

2022-09-26 16:41

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