| Mobile Web

Search results for Dow Jones

Finance

KOSPI surges past 6,900 on semiconductor rally as foreigners and institutions lead buying

South Korea\'s benchmark KOSPI surged more than 3 percent in early trade on Sept. 7, breaking above 6,900 as gains in large semiconductor stocks drew foreign and institutional buying. Samsung Electronics and SK Hynix led advances. Foreign investors and institutions were net buyers, while individuals were net sellers. The Kosdaq also rose. The won strengthened slightly against the dollar. U.S. stocks fell after strong jobs data, but U.S. semiconductor shares gained.

Finance

KOSPI fails to break 7,000, returns to range trading; focus on U.S. rates and inflation

South Korean stocks are expected to take cues this week from U.S. inflation data ahead of the September FOMC meeting. Strong semiconductor earnings and surging exports are supporting the downside, but elevated U.S. long-term yields and Middle East tensions are limiting upside momentum. Markets are watching U.S. producer prices on Sept. 10 and consumer prices on Sept. 11 after stronger-than-expected U.S. jobs data lifted yield and rate-hike expectations.

Finance

KOSPI rebounds 1.64 percent as foreigners and institutions buy 2 trillion won; Kosdaq jumps nearly 3 percent

South Korea\'s KOSPI rose 1.64 percent to close at 6,687.21, recovering the 6,600 level on net buying by foreigners and institutions. Foreign investors bought 479.3 billion won, while institutions purchased 1.67 trillion won. Retail investors sold 3.72 trillion won. The Kosdaq climbed 2.95 percent to 813.50. The won strengthened, with the dollar-won rate falling 8.30 won to 1,350.20.