South Korean stocks fell for the seventh consecutive session Wednesday led by foreign sell-off ahead of US inflation data that could influence the Federal Reserve's policy move next week. The Korean won traded higher against the US greenback. The benchmark Korea Composite Stock Price Index lost 10.06 points, or 0.4 percent, to close at 2,513.37. The main index has been in a bearish mode since Sept. 3. Trading vo...

Foreign investors are on a massive selling spree of South Korean stocks, dumping shares worth over 1 trillion won ($746 million) on the benchmark Kospi Wednesday, fueled by concerns that the US economy could be heading toward a recession. On Wednesday, overseas investors shed shares worth 1.04 trillion won on the Kospi, continuing the sell-off stance shown in recent weeks. After offloading shares over 2.7 trillion wo...

South Korean stocks started a tad lower Wednesday as investors await the latest US inflation data that would give clues for the Federal Reserve's upcoming rate-setting decision. The benchmark Korea Composite Stock Price Index opened slightly higher but lost 0.13 percent, or 3.33 points, to 2,520.1 in the first 15 minutes of trading. On Wall Street, US stocks closed mixed amid rising slowdown concerns. The Dow Jo...

South Korean shares extended their losing streak to six sessions Tuesday as investors took a cautious approach ahead of key US inflation data that would affect the upcoming rate-setting meeting. The local currency traded lower against the US greenback. The benchmark Korea Composite Stock Price Index lost 12.5 points, or 0.49 percent, to close at 2,523.43. The main index has continued its bearish mode since Sept. 3. T...

South Korean asset managers are eagerly introducing diverse fund products tracking the Indian stock market, seeking lucrative opportunities in its strong growth. Korea Investment Management, a big-name asset manager here, listed two active funds tracking India-domiciled companies Tuesday, the ACE India Consumer Power Active ETF and ACE India Market Representative Big5 Group Active ETF. According to the firm, Korea In...

South Korean stocks started lower Tuesday despite overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index (Kospi) opened slightly higher but lost 0.48 percent, or 12.09 points, to 2,523.84 in the first 15 minutes of trading. Overnight, major US indices closed higher after the previous week's big losses. The Dow Jones Industrial Average rose 1.2 percent, and the tech-heavy Nasdaq Composite...

While South Korean regulators maintain a wary eye against short selling, the prolonged ban and imposing stricter guidelines on the practice could drive foreign investors away from the local equity market, experts said. Following heavy market fluctuations, local regulators enforced a complete ban on short selling in November. The halt, initially set to last until June, has been prolonged to March next year with a complete reform on the system. Though the ban did not lead to a massive capital outf

Seoul shares ended lower Monday to extend their losing streak to a fifth day amid concerns that the US Federal Reserve may not cut its rate by a large margin. The Korean won traded sharply lower against the US dollar. The benchmark Korea Composite Stock Price Index lost 8.35 points, or 0.33 percent, to close at 2,535.93. Trading volume was moderate at 262.46 million shares worth 7.3 trillion won ($5.4 billion), with gainers outnumbering losers 502 to 371. Foreigners sold a net 540 billion won wo

Seoul shares opened lower Monday after weaker US employment data, amid concerns that the Federal Reserve has waited too long to cut rates as recession risks grow. The benchmark Korea Composite Stock Price Index fell 1.3 percent, or 33.89 points, to 2,510.39 in the first 15 minutes of trading. Weaker-than-expected employment data in August weighed on investor sentiment ahead of the Fed's rate decision later this month, analysts said. They noted that investors will focus on next week's i

South Korean shares opened slightly lower Friday ahead of the US jobs report that may serve as another indicator of a possibly looming recession. The benchmark Korea Composite Stock Price Index shed 7.63 points, or 0.30 percent, to 2,567.87 in the first 15 minutes of trading. The index has been on a steady decline since Tuesday, when the United States reported a worse-than-expected manufacturing purchasing managers i...