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Seoul shares open weaker on tech, battery slump

South Korean stocks opened weaker Thursday as investors sought profits following the previous session's sharp rise amid mixed overnight results on Wall Street. The benchmark Korea Composite Stock Price Index fell 26.04 points, or 0.97 percent, to 2,649.71 in the first 15 minutes of trading. On Wednesday, the main index spiked nearly 2 percent, backed by chipmakers and batterymakers. Overnight, Wall Street closed...

Seoul , Soult-ukpyolsi , South-korea , South-korean , Korea , Nasdaq , Posco-holdings , Lg-energy-solution , Samsung-electronics , Korea-composite-stock-price-index , Wall-street

Seoul shares dip 1.76 % over tech, battery slump

South Korean stocks plummeted more than 1.7 percent Thursday as investors sought profits following the previous session's sharp rise amid mixed overnight results on Wall Street. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index slumped 47.13 points, or 1.76 percent, to 2,628.62. Trade volume was slim at 304 million shares worth 8.72 trillion won ($ 6.35 billion), with los...

South-korea , South-korean , Korea , Nasdaq , Lg-energy-solution , Samsung-electronics , Posco-holdings , Korea-composite-stock-price-index , Wall-street , Meta-platforms , Dow-jones-industrial-average

Steelmaker Posco Rethinks Investment Plan in Battery Metals

Steelmaker Posco Rethinks Investment Plan in Battery Metals
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South-korea , South-korean , Posco-holdings-inc , Posco-holdings ,

Seoul shares open higher on tech, auto gains

South Korean stocks opened slightly higher Tuesday as investors picked up tech and auto shares following overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index edged up 4.4 points, or 0.17 percent, to 2,633.84 in the first 15 minutes of trading. Overnight on Wall Street, the S&P 500 rose 0.9 percent and the tech-heavy Nasdaq jumped 1.1 percent, while the Dow Jones Industrial Average gaine...

South-korea , Korea , South-korean , Samsung-electronics , Nasdaq , Lg-energy-solution , Posco-holdings , Korea-composite-stock-price-index , Wall-street , Dow-jones-industrial-average , Hyundai-motor

Seoul shares fall on foreign selling despite overnight US gains

South Korean stocks finished slightly lower Tuesday as foreign investors took profit despite overnight gains on Wall Street. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index fell 6.42 points, or 0.24 percent, to 2,623.02. Trade volume was moderate at 316 million shares worth 9.43 trillion won ($6.84 billion). Winners, however, outpaced losers 671 to 403. Foreign investors sol...

South-korea , South-korean , Korea , Han-ji-young , Samsung-electronics , Nasdaq , Posco-holdings , Lg-energy-solution , Korea-composite-stock-price-index , Dow-jones-industrial-average , Kiwoom-securities

UI, campuses in South Korea to develop technology industry

University of Indonesia (UI) collaborates with the Pohang Iron and Steel Company (Posco) Group and Pohang University of Science and Technology (Postech), ...

Pohang , Kyongsang-bukto , South-korea , Antara , Aceh , Indonesia , Depok , Jawa-barat , Nigeria , Azis-kurmala , Donghyun-ko , Baiduri-widanarko

Seoul shares open lower on strong US data

Seoul shares opened lower Tuesday on speculation that stronger than expected data may prod the Federal Reserve to push back its rate-cut timetable. The benchmark Korea Composite Stock Price Index fell 10.12 points, or 0.4 percent, to 2,737.74 in the first 15 minutes of trading. The Institute for Supply Management's manufacturing purchasing managers' index released overnight stayed at 50.3 last month, the hi...

Seoul , Soult-ukpyolsi , South-korea , Korea , Korean-air-co , Hyundai-motor-co , Korea-electric-power-corp , Lg-energy-solution , Institute-for-supply-management , Samsung-electronics-co , Federal-reserve

Seoul shares open higher after US inflation data

Seoul shares opened higher Monday as the US Federal Reserve is expected to await more evidence that inflation is under control before cutting rates this year. The benchmark Korea Composite Stock Price Index rose 8.11 points, or 0.3 percent, to 2,754.74 in the first 15 minutes of trading. Fresh inflation data released Friday was in line with the US central bank's expectations. Fed Chair Jerome Powell said it woul...

Seoul , Soult-ukpyolsi , South-korea , Hanjin , Ch-ungch-ong-namdo , Korea , Jerome-powell , Posco-holdings , Samsung-electronics-co , Korean-air-co , Kia-corp , Hyundai-motor-co

Seoul shares up for 2nd day amid revived hopes for US rate cuts

Seoul shares closed higher Monday as US inflation data was in line with market expectations raising hopes that the Federal Reserve may start cutting rates in June at the earliest. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 1.23 points, or 0.04 percent, to close at 2,747.86. Trade volume was slim at 391.77 million shares worth 9.9 trillion won ($7.3 billion), with g...

South-korea , Hanjin , Ch-ungch-ong-namdo , Jeju , Cheju-do , Seoul , Soult-ukpyolsi , Korea , Amorepacific-corp , Jeju-air-co , Korean-air

Seoul shares end almost flat ahead of key US inflation report

South Korean stocks finished nearly unchanged Friday as investors took a wait-and-see stance ahead of a key US inflation report that would set the tone for the Federal Reserve's rate-setting decision. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index added 0.81 point, or 0.03 percent, to close at 2,746.63. Trade volume was moderate at 485.5 million shares worth 11 tri...

Seoul , Soult-ukpyolsi , South-korea , South-korean , Korea , Lg-energy-solution , Federal-reserve , Posco-holdings , Sk-telecom , Samsung-electronics , Korea-composite-stock-price-index