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Seoul shares end 5-day winning streak on profit taking, US losses

South Korean stocks finished lower Thursday as investors took profit following a five-session winning streak and overnight US losses. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index dropped 14.28 points, or 0.55 percent, to close at 2,600.02. Trade volume was moderate at 569.4 million shares worth 9.31 trillion won ($7.14 billion), with losers outpacing winners 616 to 25...
South Korea Soult Ukpyolsi Cholla Namdo South Korean Lee Kyung Soo Posco Holdings

Asian Shares Decline After Wall Street Snaps Rally

Asian stocks ended mostly lower on Thursday after an abrupt mid-afternoon nosedive ended Wall Street's impressive rally overnight. Gold prices traded range bound in Asian trade and the dollar recovered from near five-month lows while ten-year Treasury yields hit a seven-month low as a far steeper-than-expected decline in British inflation increased speculation around a rate cut next year.
Cholla Namdo South Korea United Kingdom Kathleen Valley Western Australia Soult Ukpyolsi

Shares of Harim Holdings soar, Pan Ocean fall after HMM acquisition announcement

Shares of Harim Holdings and its shipping subsidiary Pan Ocean, moved in the opposite direction, Wednesday, after investors showed different expectations for the poultry processor acquired an over 57 percent stake in HMM, the country’s largest shipping firm, for 6.4 trillion won ($4.9 billion).
Cholla Namdo South Korea Kangwon Do Pan Ocean Harim Holdings Korea Exchange

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South Korea's Harim preferred buyer of shipper HMM for $4.9 billion - sources

SEOUL : Harim Holdings on Tuesday said it has been chosen as the preferred bidder to buy control of South Korea's biggest container shipper HMM, in what people with knowledge of the matter said was a 6.4 trillion won ($4.92 billion) deal.Harim and HMM creditors Korea Development Bank and Korea Ocean Busin
Soult Ukpyolsi South Korea Cholla Namdo Pan Ocean Korea Development Bank Harim Holdings On

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