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Wed, October 4, 2023 | 19:32

Seoul stocks tumble on concerns over Fed's prolonged monetary tightening

Seoul stocks tumble on concerns over Fed's prolonged monetary tightening

The Korean stock market ended lower, Wednesday, following signs that the U.S. Federal Reserve (Fed) will pursue further monetary tightening measures.

2023-10-04 16:49

Seoul shares down over 2% late Wednesday morning on sharp tech losses

Seoul shares down over 2% late Wednesday morning on sharp tech losses

Korean stocks traded more than 2 percent lower late Wednesday morning, led by a slump in big-cap tech shares, as better-than-expected U.S. jobs data stoked concerns the Federal Reserve will stick to its aggressive monetary tightening for longer.

2023-10-04 12:34

Korea fails to be included on FTSE Russell's global bond index

Korea fails to be included on FTSE Russell's global bond index

Korea has failed to have its government bond markets included in the World Government Bond Index (WGBI) issued by FTSE Russell, the company said Thursday (local time), placing the country again on a waitlist for its next review in six months time.

2023-09-29 10:14

Value, consumer goods, financial stocks expected to gain momentum after Chuseok holiday

Value, consumer goods, financial stocks expected to gain momentum after Chuseok holiday

Korean stock markets have entered into a wait-and-see phase ahead of a long weekend starting Thursday. With the Chuseok holiday and the National Foundation Day on Oct. 3 combining this year to create the six-day-long holiday, the local stock market is closed from Sept. 28 until Oct. 3.

2023-09-28 15:06

Seoul shares snap 4-day losing run; won falls to fresh yearly low

Seoul shares snap 4-day losing run; won falls to fresh yearly low

South Korean stocks finished slightly higher Wednesday following recent sharp losses amid concerns about the Federal Reserve's further interest rate hikes and the U.S. economic outlook.

2023-09-27 19:17

Seoul Fintech Week 2023 to be held from Oct. 4-6

Seoul Fintech Week 2023 to be held from Oct. 4-6

The Seoul Metropolitan Government will host this year's Seoul Fintech Week from Oct. 4 to 6 at Dongdaemun Design Plaza (DDP) in Seoul.

2023-09-27 15:01

Is IPO market regaining momentum?

Is IPO market regaining momentum?

Market watchers say the success of the stock market debuts of Millie and Doosan Robotics will serve as a gauge of Korea's initial public offering (IPO) market sentiment in the second half of this year.

2023-09-26 16:51

Are 'finfluencers' helping or harming investment community?

Are 'finfluencers' helping or harming investment community?

Concerns are mounting over the rising impact of social media influencers on the domestic stock market.

2023-09-25 22:28

Korea to allow offshore firms' participation in FX market

Korea to allow offshore firms' participation in FX market

Korea has paved the way for offshore firms to participate in the foreign exchange market in line with efforts to attract more investment from overseas, the finance ministry said Monday.

2023-09-25 11:34

Korean insurers turn to ASEAN amid low birthrates

Korean insurers turn to ASEAN amid low birthrates

As Korea's birthrate hits a record low, local insurance companies are increasingly expanding their operations overseas. Among the targeted regions, the Southeast Asian market - characterized by a high percentage of young people and rapid economic growth - is emerging as a "blue ocean" for these firms.

2023-09-21 16:17

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Top 10 Stories

1	Public transit fares to increase in Seoul and Busan this week

2	Ruling party vows to investigate China's alleged influence operations

3	Genesis GV80 Coupe looks to compete with Mercedes-Benz, BMW

4	Korean steelmakers on alert over initiation of EU carbon border tariff

5	Korean shipbuilders seek lead over Chinese rivals in selling LNG carriers to Qatar

6	30 out of 74 major financial companies lack female board member

7	Hyundai, Kia to extend earnings rally on strengthening dollar, solid sales

8	Lawmakers want chairmen of financial firms held accountable over misconduct

9	Dong-A Socio Group’s honorary chairman passes away at 96

10	Returning home from Chuseok holiday

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