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Dealers are celebrating the opening of the KOSPI 7,000 era in the dealing room of Hana Bank's headquarters in Jung-gu, Seoul, on the afternoon of May 6.(Photo provided by Hana Bank) The KOSPI's psychological resistance level of 7,000 has finally been broken, powered by an explosive rally in large-cap semiconductor stocks. Expectations of an improving semiconductor market, fueled by the expansion…
SK hynix headquarters in Icheon, Gyeonggi Province On April 14, KB Securities estimated that SK hynix's "first-quarter operating profit will reach 40 trillion won (aaproximately $26.6 billion)." The firm maintained its 'Buy' investment rating and a target price of 1.9 million won. Kim Dong-won, Head of Research, stated, "DRAM and NAND prices are projected to increase by about 70% in the first…
Logos of Samsung Electronics and SK hynix Samsung Electronics and SK hynix are rising together in the pre-market, as the strong performance of U.S. semiconductor stocks combines with growing expectations for negotiations. According to Nextrade on April 14, as of 8:20 a.m., Samsung Electronics was trading at 207.5 thousand won, up 6.5 thousand won (3.23%) from the previous trading day. The stock…
The KOSPI index is displayed on an electronic board in the dealing room of Shinhan Bank in Jung-gu, Seoul, on the afternoon of the 13th, after closing at 5808.62, down 50.25 points (0.86%) from the previous trading day (5858.87). On April 14, KB Securities stated that strong earnings are expected from major semiconductor companies, assessing that "the KOSPI has entered a realization zone for the…
The exterior of the Korea Exchange. The Korea Exchange will conduct on-site visits to advanced stock markets that have already implemented the system, in order to shorten the time until cash is received after a stock sale. The Korea Exchange announced on April 13 that, together with the Korea Securities Depository and the Korea Financial Investment Association, it plans to conduct on-site visits…
A monitor displays the index in the dealing room at KB Kookmin Bank's headquarters in Seoul, on the afternoon of April 10, when the KOSPI closed at 5,858.87, up 80.86 points (1.40%) from the previous trading day (5,778.01). (Photo KB Kookmin Bank) The KOSPI opened down more than 2% as concerns grew over the weekend that negotiations between the United States and Iran could break down. As of 9:07…
Logo of Samchundang Pharmaceutical. SamchunDang Pharm's stock price, which had risen to become the top in market capitalization on the KOSDAQ market, plummeted to its lower limit price just one day after the announcement of a large-scale U.S. licensing agreement. SamchunDang Pharm's stock price also sharply declined as the company received a notice of pre-designation as an unfaithful disclosure…
Employees at the Hana Bank headquarters in Jung-gu, Seoul, monitor stock market and exchange rate displays on the morning of February 5, as the KOSPI moderates its decline around the 5270 level after a lower open. Following the previous day's decline in U.S. tech stocks, the domestic stock market on Feb. 5 is also seeing a downturn in large-cap semiconductor stocks. According to the Korea Exchange…
A trader watches monitors with a tense expression on the floor of the New York Stock Exchange (NYSE). (Reuters) The New York stock market closed mixed as it hit the reef of the AI overvaluation controversy. With tech stocks that had been driving the market collapsing weakly, the market's attention is now shifting from the "AI fantasy" to "harsh earnings reality." On Feb. 4 (local time), the Dow…
The won-dollar exchange rate and KOSPI and KOSDAQ indices are displayed on an electronic board at the dealing room of Woori Bank headquarters in central Seoul on Jan. 30. (Captured from YTN) Hana Asset Management has issued a bullish outlook on the domestic equity market, assessing that the South Korean stock market's fundamentals have been completely reshaped over the past year. The firm suggests…
