South Korean stocks closed lower Friday as uncertainties over the incoming Trump administration's policies overshadowed a back-to-back rate cut by the Federal Reserve. The local currency sharply rose against the US dollar. The benchmark Korea Composite Stock Price Index fell 3.48 points, or 0.14 percent, to close at 2,571.15. Trade volume was moderate at 440.7 million shares worth 9.63 trillion won ($6.94 billion), with losers outpacing winners 469 to 388. Foreigners sold a net 18.1 billion

South Korean stocks opened sharply higher, tracking overnight gains on Wall Street, after the US Federal Reserve lowered its benchmark interest rate by a quarter-percentage point. The Korean won also sharply gained against the greenback. The benchmark Korea Composite Stock Price Index added 25.57 points, or 1 percent, to 2,590.2 in the first 15 minutes of trading. The rate cut marked the second consecutive reduction following a 50-basis-point cut in September. The move came after Republican flag

South Korean stocks finished slightly higher to end a two-session losing streak Thursday as investors scurry to gauge the potential impact of the upcoming President-elect Donald Trump administration's policy on key sectors like semiconductors, EV batteries and shipbuilding. The Korean won edged down against the US dollar. After opening slightly lower, the benchmark Korea Composite Stock Price Index added 1.12 points, or 0.04 percent, to close at 2,564.63. Trade volume was moderate at 447 mi

South Korean stocks opened lower Thursday on concerns over a shift in US trade and economic policies following former US President Donald Trump's comeback. The benchmark Korea Composite Stock Price Index lost 8.27 points, or 0.32 percent, to 2,555.24 in the first 15 minutes of trading. Overnight, major US indexes closed at record highs after Trump won the 2024 US presidential election as investors expected lower taxes and deregulation. The Dow Jones Industrial Average jumped 3.5 percent, an

With former US President Donald Trump's successful reelection to the White House, South Korean industries with major investments in America may be expected to realign their US business strategies amid an anticipated shift in Washington's economic and trade policies. Many in the South Korean business community forecast a second Trump administration to pursue strong protectionist trade policies centered on American interests. In particular, industries here are closely watching the poss

The South Korean won dipped to a two-year low against the US dollar Wednesday on increased bets on Republican nominee Donald Trump's victory in the US presidential election. Korean stocks ended lower for the second consecutive day. The local currency was trading at 1,396.2 won against the greenback at 3:30 p.m., down 17.6 won from the previous session, the lowest since November 7, 2022, when the rate closed at 1,401.20. Investors rushed to buy US dollars as Trump's victory heralds an i

EcoPro HN, the environmental solutions provider under EcoPro, said Wednesday it has completed the construction of a new manufacturing plant for rechargeable battery materials in Chopyeong, North Chungcheong Province. Around 100 officials, including key executives -- former EcoPro Chairman Lee Dong-chae, EcoPro CEO Song Ho-jun, EcoPro HN CEO Kim Jong-seop and Jincheon County Governor Song Ki-seop -- participated in the completion ceremony at the newly-built facility earlier in the day. The manufa

South Korean stocks kicked off higher Wednesday tracking an overnight tech rally on Wall Street. The benchmark Korea Composite Stock Price Index rose 9.64 points, or 0.37 percent, to 2,586.52 in the first 15 minutes of trading. Overnight, major US indexes gained ground as a report on the services industries shows that the US economy is still strong. The Dow Jones Industrial Average advanced 1.02 percent, the tech-heavy Nasdaq Composite increased 1.43 percent, and the S&P 500 went up 1.23 per

In South Korea, Intel and Samsung Electronics used to be mentioned together as the leading examples of innovative frontrunners in the global tech business. Yes, they were; however, they no longer enjoy such flattering comparisons. Trouble-laden Intel is set to be replaced by Nvidia on the Dow Jones Industrial Average index Friday, a shocking setback for the US-based chipmaker in a changing landscape where even a technology behemoth can get kicked out of the index of blue-chip companies. The deci

South Korean stocks ended lower for the second day Tuesday as investors treaded water ahead of the US presidential election. The local currency sharply lost ground against the US dollar. The benchmark Korea Composite Stock Price Index fell 12.09 points, or 0.47 percent, to close at 2,576.88. Trade volume was slim at 306.1 million shares worth 7.6 trillion won ($5.5 billion), with winners outpacing losers 514 to 356. Individual investors purchased a net 388.9 billion won worth of local stocks, wh

MANAMA, Bahrain – Strengthening its partnership with Bahrain would open a door of opportunities in the Middle East for South Korea, an investment forum held by the Gulf island nation's economic board suggested. Bahrain hosted the second edition of Gateway Gulf on Sunday and Monday. This year’s Gateway Gulf was held six years after the inaugural edition in 2018. Arranged by the Bahrain Economic Development Board, it was held under the theme of “Investing in a Rapidly Transf

Global scholars and artificial intelligence experts discussed the future of AI, semiconductors, and the use of the technology in everyday life at this year's Samsung AI Forum that kicked off Monday. During the two-day event, renowned academics including Turing Award winners Yoshua Bengio and Yann LeCun, and AMD Chief Technology Officer Joseph Macri, shared their research advancements in AI and computer engineering. “AI is changing our lives at a surprising speed, and as it gets strong

South Korean stocks kicked off lower Tuesday as investors were cautious ahead of the US presidential election. The benchmark Korea Composite Stock Price Index fell 18.47 points, or 0.71 percent, to 2,570.5 in the first 15 minutes of trading. Overnight, Wall Street closed lower as investors treaded water ahead of the US presidential election Tuesday (US time), where former President Donald Trump and Vice President Kamala Harris are neck and neck in the polls. Investors' eyes are also on the

Even the world’s fourth most-populous country, which has more active cellphones than people, seems to be no match for Apple. Indonesia’s ban on the sale of iPhone 16s after the company failed to meet local investment requirements didn’t faze investors. Shares of the world’s most-valuable company were largely unchanged by the news, which makes sense given the smaller footprint it has in the emerging market. And the deck was already unevenly stacked: Indonesia’s entir

SK hynix CEO Kwak Noh-jung unveiled the company’s plan to start mass production of the industry's most up-to-date high-bandwidth memory chips early next year. “We anticipated that the market for the 16-layer product will begin to open (the sixth-generation) HBM4,” he said in a keynote speech at SK AI Summit 2024 in Seoul on Monday. "We are developing the new product to ensure technical stability.” The 16-layer, 48-gigabyte, fifth-generation HBM3E chip boasts the