S.Korean shares fall for fifth straight month, longest losing run since Nov 2021
3 weeks, 4 days ago

S.Korean shares fall for fifth straight month, longest losing run since Nov 2021

Live Mint  

* KOSPI falls, foreigners net sellers * Korean won little changed against US dollar * South Korea benchmark bond yield falls SEOUL, - Round-up of South Korean financial markets: ** South Korean shares declined nearly 2% on Friday, posting their fifth straight monthly loss, as the local central bank's rate cut raised economic slowdown worries. Its five straight monthly losses is the longest losing streak since November 2021. ** The Bank of Korea delivered a surprise interest rate cut on Thursday and signalled more to come as policymakers turned a wary eye to trade risks from a second Donald Trump presidency in the U.S. ** "Bank of Korea's rate cut and downgrade in growth forecasts seriously worsened investor views about the Korean economy," said Seo Sang-young, analyst at Mirae Asset Securities. ** The most liquid three-year Korean treasury bond yield fell 3.4 basis points to 2.601%, while the benchmark 10-year yield shed 5.1 basis points to 2.740%.

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History of this topic

South Korea shares drop as political turmoil continues after President Yoon survives impeachment
2 weeks, 1 day ago

South Korea shares drop as political turmoil continues after President Yoon survives impeachment

Hindustan Times  

* South Korea shares drop as political turmoil continues after President Yoon survives impeachment KOSPI falls, foreigners net buyers * Korean won weakens against dollar * South Korea benchmark bond yield falls SEOUL, - Round-up of South Korean financial markets: ** South Korean shares logged the sharpest one-day decline since Nov. 13 on Monday as political turmoil deepened after impeachment …

South Korean shares set for second weekly decline as parliament discusses Yoon's impeachment
2 weeks, 4 days ago

South Korean shares set for second weekly decline as parliament discusses Yoon's impeachment

Hindustan Times  

* South Korean shares set for second weekly decline as parliament discusses Yoon's impeachment KOSPI falls, foreigners net sellers * Korean won weakens against dollar * South Korea benchmark bond yield falls SEOUL, - Round-up of South Korean financial markets: ** South Korean shares fell on Friday and were set to log a second week of decline as the nation's …

South Korea’s economy rattled by martial law decree
2 weeks, 5 days ago

South Korea’s economy rattled by martial law decree

Al Jazeera  

Kuala Lumpur, Malaysia – In one of his first appearances of the year, South Korean President Yoon Seok Yeol pledged to boost confidence in the country’s stock market, which is famed for being undervalued compared with its peers. “This incident won’t do lasting damage, but it will spook people,” Cain, the author, said, adding that South Korea’s status as an …

South Korea factory activity picks up on strong Asia demand, PMI shows
3 weeks, 1 day ago

South Korea factory activity picks up on strong Asia demand, PMI shows

Hindustan Times  

By Jihoon Lee South Korea factory activity picks up on strong Asia demand, PMI shows SEOUL, - South Korea's factory activity rose in November, after two straight months of declines, thanks to improving demand in Asia, a private sector survey showed on Monday. "November PMI data signalled that the South Korean manufacturing sector saw a renewed improvement in operating conditions," …

Asian equities slip, set for sharp monthly losses as Trump tariffs loom
3 weeks, 4 days ago

Asian equities slip, set for sharp monthly losses as Trump tariffs loom

Live Mint  

* Indonesia shares on track for worst month since Sept 2020 * Philippine stocks heading for worst month since Sept 2022 * Brazil's real hits life-time low, Mexican peso edge higher By John Biju Nov 29 - Equities in emerging Asian markets fell on Friday, with some heading towards their worst month in more than two years as the looming …

South Korean shares extend losses to
3 weeks, 6 days ago

South Korean shares extend losses to

Live Mint  

* KOSPI falls, foreigners net sellers * Korean won little changed against US dollar * South Korea benchmark bond yield falls * For the midday report, please click SEOUL, - Round-up of South Korean financial markets: ** South Korean shares fell for a second straight session on Wednesday, as major exporters of semiconductors, cars and batteries declined on U.S. tariff …

South Korean shares end lower on US tariff worries
4 weeks ago

South Korean shares end lower on US tariff worries

Live Mint  

* KOSPI falls, foreigners net sellers * Korean won little changed against US dollar * South Korea benchmark bond yield falls * For the midday report, please click SEOUL, - Round-up of South Korean financial markets: ** South Korean shares fell on Tuesday as U.S. President-elect Donald Trump's pledge to impose tariffs weighed on investor sentiment. ** The benchmark KOSPI …

South Korean stocks rise 2% as Samsung Elec surges on share buyback plan
1 month ago

South Korean stocks rise 2% as Samsung Elec surges on share buyback plan

Live Mint  

* KOSPI rises, foreigners net buyers * Korean won strengthens against dollar * South Korea benchmark bond yield falls SEOUL, - Round-up of South Korean financial markets: ** South Korean stocks rose 2% on Monday, as market heavyweight Samsung Electronics surged more than 7% after the chipmaker announced plans late on Friday to buy back shares. ** Among index heavyweights, …

South Korea’s central bank raises rates in a bid to boost the economy
2 months, 1 week ago

South Korea’s central bank raises rates in a bid to boost the economy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy South Korea’s central bank on …

US Election Angst May Create Buying Opportunity for Korean Bonds
5 months ago

US Election Angst May Create Buying Opportunity for Korean Bonds

Live Mint  

Heightened volatility stemming from the US elections later this year may provide a good opportunity to buy South Korea’s bonds, investors and analysts say. Political uncertainty surrounding the November vote could push up Korean yields, making short-term securities attractive due to the potential for local interest-rate cuts, according to Mirae Asset Global Investments Co. “There’s a risk for bond yields …

South Korean shares fall as battery makers drop; cenbank meeting in focus
7 months ago

South Korean shares fall as battery makers drop; cenbank meeting in focus

Live Mint  

* KOSPI falls, foreigners net sellers * Korean won weakens against dollar * S.Korea benchmark bond yield little changed SEOUL, - Round-up of South Korean financial markets: ** South Korean shares fell on Tuesday, led by lacklustre performances among battery makers, with the broader market focus set on U.S. chipmaker Nvidia's earnings and the Bank of Korea's policy meeting due …

Stock market today: Asian markets track Wall Street's decline, eroding last year's gains
11 months, 3 weeks ago

Stock market today: Asian markets track Wall Street's decline, eroding last year's gains

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian shares dropped Wednesday after …

Stock market today: Asian markets track Wall Street’s decline, eroding last year’s gains
11 months, 3 weeks ago

Stock market today: Asian markets track Wall Street’s decline, eroding last year’s gains

Associated Press  

Asian shares dropped Wednesday after Wall Street started 2024 with a slump, giving back some of its powerful gains from last year. Hong Kong’s Hang Seng lost 1.1% to 16,603.00, influenced by a 2% drop in technology shares, and the Shanghai Composite index shed 0.1% to 2,960.12, with persisting concerns regarding the strength of China’s economic growth adding downward pressure. …

South Korean corporate giants, led by Samsung, lag behind US peers in H1 2023 performance: Report
1 year, 2 months ago

South Korean corporate giants, led by Samsung, lag behind US peers in H1 2023 performance: Report

India TV News  

South Korea's major corporations, including tech giant Samsung, faced a challenging first half of 2023, reporting significantly weaker performance compared to their US counterparts. In stark contrast, the top 100 non-financial companies listed on the New York Stock Exchange in the US collectively expanded their top-line figures by 2.4 per cent year-on-year, reaching a substantial $3.87 trillion. The combined operating …

The South Korean Economy During Yoon Suk-yeol’s First Year
1 year, 7 months ago

The South Korean Economy During Yoon Suk-yeol’s First Year

The Diplomat  

South Korean President Yoon Suk-yeol came into office in May 2022 with the objective of focusing the South Korean economy on private sector-led growth, in contrast to his predecessor’s income-led growth strategy. Under Moon Jae-in, Yoon’s predecessor, South Korean debt grew from 36.3 percent of GDP when he entered office in 2017 to 50 percent by the time he left …

South Korea exports fall for sixth consecutive month in March
1 year, 8 months ago

South Korea exports fall for sixth consecutive month in March

Firstpost  

South Korea is the first major exporting economy to release trade data each month, with a diversified portfolio from chips to cars and ships, providing an early glimpse into the state of global demand Seoul: South Korea’s exports fell in March year-on-year for the sixth month in a row, hit by a cooling global economy and a persistent slump in …

South Korean economy shrinks for first time since early 2020
1 year, 10 months ago

South Korean economy shrinks for first time since early 2020

Firstpost  

Seoul: South Korea’s economy shrank in October-December for the first time since the second quarter of 2020, as exports tumbled while consumer spending dipped in reaction to rising interest rates, the country’s central bank said Thursday. Gross domestic product in the final period of last year contracted 0.4 per cent from the previous quarter, the Bank of Korea said. “Private …

North Korea’s economy shrinks for second straight year: BOK
2 years, 4 months ago

North Korea’s economy shrinks for second straight year: BOK

Al Jazeera  

GDP shrinks an estimated 0.1 percent as border closures and lockdowns hinder industrial activity and trade with China. North Korea’s economy shrank for a second straight year in 2021, according to estimates by South Korea’s central bank, as pandemic restrictions and international sanctions deepened the reclusive state’s isolation. The North’s economy shrank an estimated 0.1 percent last year, the Bank …

South Korea’s inflation hits 24-year high
2 years, 5 months ago

South Korea’s inflation hits 24-year high

Al Jazeera  

The consumer price index grew 6 percent in June, fanning expectations of a big rate hike by the central bank. South Korea’s inflation last month hit the highest since the Asian financial crisis more than two decades ago, adding to signs of building strains on the open, trade-dependent economy and fanning expectations of a big rate hike by the central …

South Korea’s economy slows in Q1 on COVID curbs, inflation
2 years, 7 months ago

South Korea’s economy slows in Q1 on COVID curbs, inflation

Al Jazeera  

Economic growth nearly halves in first quarter to 0.7 percent amid lower spending due to COVID curbs and inflation. South Korea’s economic growth nearly halved in the first quarter from the previous three months as consumers and companies cut spending amid coronavirus curbs and surging inflation. “We are already seeing early signs of a recovery in private consumption as the …

South Korea enters recession as exports plunge by most since 1963
4 years, 5 months ago

South Korea enters recession as exports plunge by most since 1963

The Hindu  

South Korea plunged into recession in the second quarter in its worst economic decline in more than two decades as the coronavirus pandemic battered exports and social distancing curbs paralysed factories. “It's possible for us to see China-style rebound in the third quarter as the pandemic slows and activity in overseas production, schools and hospitals resume,” South Korean finance minister …

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