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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...

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.

SEOUL -- Leading South Korean poultry processor Harim Group has been named the preferred bidder for ocean carrier HMM, with its offer price of 6.4 trillion…

SEOUL -- Leading South Korean poultry processor Harim Group has been named the preferred bidder for ocean carrier HMM, with its offer price of 6.4 tri

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).