Search results for foreign exchange
Finance
KOSPI sets above 6,600 for first time, closes at record high for second straight day
South Korea\'s KOSPI closed at a record high on April 28, settling above the 6,600 level for the first time on a closing basis. The index ended up 25.99 points, or 0.39 percent, at 6,641.02, marking a second straight day of gains. Institutions were net buyers, while individuals and foreigners sold. The Kosdaq ended lower. The won strengthened against the U.S. dollar.
Crypto
XRP still not leading market, moves with traditional assets in crises
Academic research has again confirmed that cryptocurrencies, including XRP, rise and fall with traditional financial markets during crises. The study found crypto remains within the influence of the traditional financial system, with the tendency strengthening as global uncertainty increases. Using daily data from January 2018 to March 2026 across 70 financial time series, it concluded stocks, sovereign bond yields and credit default swaps lead market direction, while crypto largely reacts to external shocks.
Finance
KOSPI tries to settle above 6,600, hits fresh 52-week intraday high
South Korea\'s KOSPI extended gains early on Tuesday after breaking above the 6,600 level for the first time, and set a fresh 52-week intraday high. The index rose 0.51 percent to 6,648.90 as of 9:21 a.m. It opened higher and climbed to as much as 6,672.32. Retail investors were net buyers, while foreigners sold. The won fell slightly against the dollar.
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Finance
Four major financial groups\' Q1 results split as AI, digital finance spread
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Finance
KOSPI breaks 6,600 for first time on semiconductor surge
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Finance
Woori Financial posts 603.8 billion won Q1 net profit, down 2.1 percent
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Finance
IBK Industrial Bank of Korea Q1 net profit 7.534 trillion won, down 7.5 percent
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Finance
NH NongHyup Financial Q1 net profit up 21.7 percent to 868.8 billion won
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Finance
KOSPI ends flat around 6,475 as Kosdaq hits highest in 25 years
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Finance
Hana Financial Q1 net profit up 7.3 percent to 1.21 trillion won
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Crypto
Cardano, Wirex launch physical Visa debit card for online and offline payments
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Finance
KB Financial says it created 828.6 billion won in social value in Q1 through inclusive finance
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Finance
KOSPI hits 6,500 after three straight record highs
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Economy
Naphtha up 68 percent, ethylene up 61 percent as March producer prices post biggest rise in 4 years
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Crypto
American Airlines surprised by efficiency gains after adopting Ripple solution
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Finance
Shin Hyun-song, Bank of Korea governor, pushes digital currency and won internationalisation, sets four tasks
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Finance
KOSPI hits record high after breaking 52-week high, nears 6,400
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Finance
KOSPI breaks above 52-week high in intraday trade, hits record high