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369 stories mentioning KOSDAQUpdated 13h ago

Rose alongside the Kospi as the US-Iran deal and strong semiconductor-driven export price data lifted South Korean investor sentiment.

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Asia

South Korea's Kospi Rises on Chipmakers' Buybacks, Investors Await Nvidia Earnings

South Korean shares closed higher for a second day on Wednesday, lifted by buybacks at SK Hynix (KRX:000660) and Samsung Electronics (KRX:005930) and firmer external sentiment as investors awaited Nvidia's earnings.The Korea Composite Stock Price Index, or Kospi, increased by 65.47 points, or 0.97%, to close at 6,808.21. The Kosdaq, however, fell by 0.28 points, or 0.03%, to close at 826.87..Shares of SK Hynix and Samsung Electronics added nearly 1% and 2% at market close.In economic news, the Composite Business Survey Index (CBSI) for South Korean enterprises increased by 1.1 points to 99.6 in August, according to data from the Bank of Korea on Wednesday.A print above 100 indicates optimism, while a reading below suggests negative sentiment. The latest reading compared with 98.5 points recorded in the previous month.Within the manufacturing sector, the index edged up 0.6 points to 103.8, while the index for the non-manufacturing sector rose 1.5 points to 96.7. Meanwhile, the Economic Sentiment Index, which combines the CBSI and the Consumer Survey Index (CSI), rose 1.5 points to 99.4.In corporate news, Development Advance Solution (KRX:058730) was named preferred bidder for EPC and O&M contracts for the Sinan Mitra 1 & 2 and Horus solar projects, with value to equal at least 5% of latest revenue of 273.2 billion won. Shares surged over 9% at the close.

^KOSDAQKOSPIKRX:000660KRX:005930
Asia

South Korean Shares Rebound as Investors Await Nvidia Earnings

South Korean shares closed higher on Tuesday, recovering from earlier losses as investors awaited key corporate earnings due this week, including results from California-based chip giant Nvidia.The Korea Composite Stock Price Index, or Kospi, increased by 45.78 points, or 0.7%, to close at 6,742.74. The Kosdaq rose by 13.82 points, or 1.7%, to close at 827.15.In economic news, South Korea's consumer sentiment fell in August, with the Composite Consumer Sentiment Index dropping 2.3 points to 104.5, according to data from the Bank of Korea on Tuesday.The reading compared with the 106.8 level recorded in the previous month. A reading above 100 indicates optimism, while a reading below suggests a deteriorating outlook.Meanwhile, inflation expectations for the upcoming 12 months were unchanged from the previous month at 2.7%.In corporate news, the management and the 400,000-member labor union of Hyundai Motor (KRX:005380) reached a possible wage agreement early on Tuesday after the union staged 60 hours of strikes this year that led to production disruptions and significant sales losses, Yonhap News reported the same day.The strikes caused about 120 hours of production disruptions and are estimated to have lowered output by 55,200 vehicles, with lost sales surpassing 2.3 trillion won, the report said.Under the deal, monthly base pay will increase by 100,000 won, while workers will receive a performance bonus of over 400% of monthly salary and an additional 12.5 million won payment. The parties also agreed to extend the retirement age from 60 to 65 if relevant laws are revised, it said.The agreement will be subject to a union vote on Aug. 31, the report said.Shares of the automaker added nearly 2% at market close.

^KOSDAQKOSPIKRX:005380
International

South Korea's Consumer Confidence Declines in August

South Korea's consumer sentiment fell in August, with the Composite Consumer Sentiment Index dropping 2.3 points to 104.5, according to data from the Bank of Korea on Tuesday.The reading compared with the 106.8 level recorded in the previous month. A reading above 100 indicates optimism, while a reading below suggests a deteriorating outlook.The sub-index for current living standards fell to 92 from 93 in July, while the consumer sentiment index for future conditions slipped to 97 from 98.Meanwhile, inflation expectations for the upcoming 12 months were unchanged from the previous month at 2.7%.

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Asia

South Korean Shares Close Lower Over Samsung Electronics' Lackluster Shareholder Return Plan

South Korean shares closed lower on Monday, snapping a two-day winning streak after investors appeared to be disheartened over Samsung Electronics' (KRX:005930) shareholder return plans that it announced on Friday, which led to a sell-off of chip stocks.The company said last week that it expects to return about 90 trillion won to 110 trillion won to shareholders this year under its 2024-2026 shareholder return policy, conditional on changes in business performance and investment needs.The Korea Composite Stock Price Index, or Kospi, decreased by 215.99 points, or 3.1%, to close at 6,696.96. The Kosdaq rose by 11.39 points, or 1.4%, to close at 813.33.In economic news, South Korean domestic banks reported a combined preliminary net income of 13.8 trillion won for the first half, down 6.4% from 14.7 trillion won a year earlier, according to the Financial Supervisory Service's statement on Monday.The latest data showed commercial and regional banks saw declines while internet-only banks posted growth.Interest income rose 8.3% year-over-year to 32.2 trillion won, while non-interest income plunged 43% to 2.9 trillion won.Loan loss expenses rose 8.6% to 3.5 trillion won, while return on assets fell to 0.65% from 0.74% and return on equity declined to 8.89% from 10.04% a year earlier.In corporate news, Samsung Electronics will contribute 78.9 billion won to a fund providing performance incentives to outstanding small and medium-sized business partners of its Device Solutions division, the company said in a filing with the Korea Exchange on Monday.The tech company will channel the funds to the Korea Foundation for Cooperation of Large & Small Business, Rural Affairs, which will distribute the incentives to eligible suppliers.Shares of Samsung fell nearly 9% at market close.

^KOSDAQKOSPIKRX:005930
Asia

South Korean Shares Rise for Second Day on Samsung, SK Hynix Shareholder Return Hopes

South Korean shares closed higher on Friday for a second straight session as investors continued to pin high hopes on strong shareholder returns from Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660).SK Hynix announced plans to repurchase about 40 trillion won in common shares, while Samsung Electronics was expected to unveil a shareholder return program worth up to 110 trillion won. Shares of Samsung Electronics added nearly 4% at market close on Friday, while those of SK Hynix added over 2%.The Korea Composite Stock Price Index, or Kospi, increased by 60.37 points, or 0.9%, to close at 6,912.95. The Kosdaq fell by 38.95 points, or 4.6%, to close at 801.94.In economic news, producer prices in South Korea increased 7.7% year over year in July, according to preliminary data from the Bank of Korea released on Friday.The reading eased from the 8.5% expansion recorded in the previous month and missed the Trading Economics forecast for steady growth at 8.5%.The sustained increase in July was driven primarily by a 12.2% rise in manufacturing producer prices, where coal and petroleum output surged 50.7% year over year, while prices for computer products rose 24.2%.In corporate news, Samsung Electronics plans to introduce the new family of the Galaxy S26 series on Aug. 27, the electronics products maker said in a Thursday release.The product, the name of which remains undisclosed, is broadly expected to be the Galaxy S26 FE, according to a same-day report by Pulse News.In other news, Hyundai Motor's (KRX:005380) full-day labor strike on Friday is estimated to cause 2.3 trillion won in lost sales by halting production at its Ulsan, Jeonju, and Asan plants for 16 hours.About 39,000 union members are walking out after failing to reach a wage agreement with management. The union has staged 60 hours of strikes since May and plans additional four-hour stoppages on Monday and Tuesday.The ongoing strikes are expected to result in an estimated cumulative production loss of 55,200 vehicles.Hyundai Motor did not immediately respond to' request for comment.Shares of the company fell nearly 1% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930
International

South Korea's Producer Inflation Slows to 7.7% in July

Producer prices in South Korea increased 7.7% year over year in July, according to preliminary data from the Bank of Korea released on Friday.The reading eased from the 8.5% expansion recorded in the previous month and missed the Trading Economics forecast for steady growth at 8.5%.The sustained increase in July was driven primarily by a 12.2% rise in manufacturing producer prices, where coal and petroleum output surged 50.7% year over year, while prices for computer products rose 24.2%.

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Asia

South Korean Shares Close Sharply Higher on Strong Shareholder Return Hopes from Chipmakers

South Korean shares closed sharply higher on Thursday after two consecutive days of losses, with the primary index climbing 6% after investors pinned high hopes on strong shareholder returns from Samsung Electronics (KRX:005930) and SK hynix (KRX:000660).Investor hopes came after SK Hynix on Wednesday approved a 40 trillion won share repurchase and cancellation plan. The buyback is set to begin Aug. 20 and run for about three months. Samsung Electronics' shareholder return policy is expected to be announced later in August. Shares of SK Hynix and Samsung Electronics added nearly 13% and over 9%, respectively, at market close.The Korea Composite Stock Price Index, or Kospi, increased by 381.41 points, or 5.9%, to close at 6,852.58. The Kosdaq also rose by 16.43 points, or 2%, to close at 840.89.In corporate news, Kolon Corporation's (KRX:002020) subsidiary Kolon Global (KRX:003070) secured an order worth 104.8 billion won for the Pyeongtaek P5 water purification plant (Phase 3) from Samsung Electronics, according to a Thursday filing with the Korea Exchange.The project is being disclosed after an amended contract raised its value above the applicable disclosure threshold. The initial contract was signed on June 9, 2025.Shares of Kolon Corporation fell over 3% at market close, while those of Kolon Global added 2%.In other news, Kakao Corp. (KRX:035720) subsidiary and taxi-hailing and mobility platform Kakao Mobility has confidentially filed for an initial public offering in the U.S. in June and seeks to raise about $1 billion, Yonhap News reported Thursday, citing a financial market tracker.Bank of America, Morgan Stanley, and UBS are listed as underwriters for the IPO, the report said.Kakao Mobility did not immediately respond to' request for comment.Shares of Kakao Corp. added over 3% at market close.

^KOSDAQKOSPIKRX:000660KRX:002020KRX:003070KRX:005930KRX:035720
Asia

South Korean Shares Retreat for Second Day on Chip Stock Losses; Samsung Loses 8%, SK Hynix 10%

South Korean shares closed lower on Wednesday for a second day, dragged down by sharp declines in semiconductor stocks as higher oil prices and global bond yields took a toll on investor sentiment. Shares of key chipmakers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) declined 8% and 10%, respectively, at market close.The Korea Composite Stock Price Index, or Kospi, decreased by 398.66 points, or 5.8%, to close at 6,471.17. The Kosdaq also fell by 9.74 points, or 1.2%, to close at 824.46.In economic news, Moody's has revised up its economic growth forecast for South Korea to 3.5%, driven by a boost in semiconductor activity until at least mid-2027.The rating agency expects GDP growth of 2.7% for the country in 2027.The forecast for this year is higher than the previous estimates of 2.5% in May and 1.8% in February.In corporate news, Hyundai Motor's (KRX:005380) 40,000-member labor union plans to carry out a partial strike throughout this week after failing to reach a wage agreement with the automaker's management, Yonhap News reported Tuesday.The union scheduled four-hour partial strikes on Monday and Tuesday, with plans to continue next week, according to the report.The union is seeking a 149,600-won increase in monthly base pay and a performance bonus equivalent to 30% of the net profit in 2025. The automaker has offered an 80,000-won monthly base-pay raise, a performance bonus equivalent to 350% of monthly salary plus 10 million won, along with 15 company shares, the report said.Hyundai Motor did not immediately respond to' request for comment.Shares of the automaker fell 5% at market close.

^KOSDAQKOSPIKRX:000660KRX:005380KRX:005930
Asia

Market Chatter: Moody's Revises Up 2026 Growth Forecast for South Korea to 3.5%

Moody's has revised up its economic growth forecast for South Korea to 3.5%, driven by a boost in semiconductor activity until at least mid-2027, Pulse News reported Tuesday.The rating agency expects GDP growth of 2.7% for the country in 2027, the report said.The forecast for this year is higher than the previous estimates of 2.5% in May and 1.8% in February, according to the report.Moody's sees further boon in chip demand, pointing to government projects for semiconductors, AI data centers and physical AI as growth and productivity avenues, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

South Korean Shares Retreat After Five‑day Rally as Investors Book Profits

South Korean shares closed lower Tuesday, snapping a five-day winning streak, as investors booked profits, with large‑cap stocks leading declines amid pessimism over U.S.-Iran tensions.U.S. President Donald Trump said Washington does not want to extend its memorandum of understanding with Iran, which expired Monday, and urged Tehran to surrender.The Korea Composite Stock Price Index, or Kospi, decreased by 108.11 points, or 1.6%, to close at 6,869.83. The Kosdaq also fell by 30.45 points, or 3.5%, to close at 834.2.In corporate news, Hyundai Rotem (KRX:064350) said discussions on acquiring Hyundai Wia's defense solutions business remain ongoing, with no confirmed details yet, in response to an April 16 Korea Economic Daily report. Shares fell nearly 3%.In other news, Mirae Asset Securities (KRX:006800) said it is reviewing a potential acquisition of U.S. investment platform Public.com, following a Maeil Business Newspaper report. The firm said no details have been finalized and it will update disclosures within a month. Shares fell more than 3%.

^KOSDAQKOSPIKRX:006800KRX:064350
Asia

Market Chatter: South Korea Denies US Chip Investment Report

South Korea denied a JoongAng Ilbo report that it was considering a semiconductor project as the first investment under its $350 billion commitment to the U.S., Bloomberg News reported Tuesday.The presidential Blue House said a report that the two countries were discussing semiconductors as the initial strategic investment project was "not true," without providing further details on the ongoing negotiations, according to the report.JoongAng Ilbo reported that South Korea had initially prioritized the energy sector for its first major U.S. investment. Officials reportedly considered a U.S. memory-chip investment impractical given Samsung Electronics (KRX:005930) and SK Hynix's (KRX:000660) existing commitments to invest at least $880 billion in chips and data centers, mainly in South Korea's Honam region.The two countries aim to finalize the talks and announce investment projects by the end of August, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: South Korea Says Discussions Continue with US Over $200 Billion Investment Plan

South Korea and the U.S. are currently in talks over the former's planned strategic investments in the latter, worth $200 billion, after the U.S. pressed the Asian country to ramp up its plans, Bloomberg News reported Saturday, citing a South Korean presidential official.The commitment is part of South Korea's broader $350 billion U.S. investment pledge, which includes $200 billion in strategic investments and $150 billion for cooperation on the shipbuilding front. The financial commitment was approved by the South Korean parliament via a special bill in March, the report said.Delays in implementing the investment pledge had prompted U.S. President Donald Trump to threaten tariffs of up to 25% on South Korean imports, it said.Details of the bilateral discussions or internal government communications were undisclosed.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

South Korean Stocks Rise for Fifth Session on Wall Street Rally, Chip Stock Gains

South Korean shares closed higher on Friday for a fifth straight session amid strong gains by chip stocks and an overnight rally on Wall Street. U.S. stocks gained, with the S&P 500 hitting a record high after softer wholesale inflation eased concerns over interest rates.The U.S. producer price index was unchanged in July from June, indicating that factory-gate inflation had stabilized before the recent increase in oil futures. Expectations for a U.S. Federal Reserve rate hike in September also weakened in futures markets, driving investor optimism higher.The Korea Composite Stock Price Index, or Kospi, increased by 164.6 points, or 2.4%, to close at 6,977.94. The Kosdaq also rose by 3.28 points, or 0.4%, to close at 864.65.In economic news, South Korea's export prices surged 49.1% year over year in July, according to preliminary data released by the Bank of Korea on Friday.On a month-over-month basis, export prices edged up 1%.Meanwhile, import prices rose 18.7% from a year earlier, compared with a revised 20.9% expansion in June. On a month-over-month basis, import prices declined 1%, softer than the previous month's 4.2% drop.In corporate news, HS Hyosung Advanced Materials (KRX:298050) provided a 141.5 billion won guarantee on affiliate HS Hyosung Vietnam's debt of the same amount with Vietcombank, Nhon Trach Branch, according to a Friday filing with the Korea Exchange.The debt guarantee relates to the extension of the maturity of the existing trade finance facility for HS Hyosung Vietnam. The guarantee period will last until Aug. 18, 2027, the filing said.Shares of Hyosung Advanced Materials added 3% at market close.

^KOSDAQKOSPIKRX:298050
Asia

US to Impose 100% Tariffs on Some Drones to Counter China

The U.S. government will impose a 100% tariff on imports of drones and their components, according to a fact sheet by the White House released Thursday.The tariffs could particularly hurt China, the world's largest drone maker, Bloomberg reported separately.The 100% rate will apply to drones with a maximum takeoff weight of more than 25 kilograms and with thermal imaging features, Washington said.The administration of President Donald Trump will also levy a 25% tariff on smaller unmanned aircraft that lack national security capabilities.Washington will also impose a 15% duty on drones and components made by the EU, Japan, Liechtenstein, South Korea, Switzerland, and Taiwan, and 10% for UK-made drones as long as their parts come from the U.S., the fact sheet showed.The tariffs will take effect 21 days after signing, while duties for non-critical drone parts will take effect after 180 days, the White House said.

^KOSDAQKOSPIShanghai Composite^SZSETaiwan Weighted
International

South Korea's Export, Import Prices Rise in July

South Korea's export prices surged 49.1% year over year in July, according to preliminary data released by the Bank of Korea on Friday.The pace of growth accelerated/decelerated from the revised 48.7% increase recorded in the previous month.On a month-over-month basis, export prices edged up 1.0%, improving from the flat movement in the preceding month.Meanwhile, import prices rose 18.7% from a year earlier, compared with a revised 20.9% expansion in the prior month.On a month-over-month basis, import prices declined 1%, softer than the 4.2% drop previously.

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Asia

South Korean Shares Gain for Fourth Straight Session, Enter Technical Bull Market

South Korean shares closed higher for a fourth consecutive session on investors focused on heavyweight memory-chip makers. The gains pushed the country's primary index into a technical bull market as renewed global demand for AI-related stocks led to a strong rebound from July's historic sell-off.Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added 5% and 6%, respectively, at the end of the trading day.The Korea Composite Stock Price Index, or Kospi, increased by 234.3 points, or 3.6%, to close at 6,813.34. The Kosdaq also rose by 2.46 points, or 0.3%, to close at 861.37.In economic news, South Korea will increase policy support for real estate projects to 47.8 trillion won from 26.3 trillion won, as it looks to improve housing supply and promote market stability, according to a Thursday release from the Financial Services Commission.The country looks to start construction of 230,000 houses in the metropolitan area over the next five years, on top of an earlier goal of 1.35 million houses.In corporate news, Doosan Fuel Cell (KRX:336260) secured four fuel cell system supply and service contracts from YH Power 1 and YH Power 2, according to several filings with the Korea Exchange on Thursday.The fuel cell system supply contract and a long-term service agreement (LTSA) for fuel cell systems with YH Power 1 are valued at 31 billion won and 28.8 billion won, respectively. The contract for the fuel cell system supply is valid till March 31, 2028, and the LTSA is valid till March 31, 2048, the filing said.The fuel cell system supply contract and the LTSA for fuel cell systems with YH Power 2 are valued at 29.6 billion won and 27.5 billion won, respectively. The contract for the fuel cell system supply is valid till March 31, 2028, and the LTSA is valid till March 31, 2048, it said.Shares of Doosan Fuel Cell added over 5% at market close.

^KOSDAQKOSPIKRX:336260
Asia

South Korea Boosts Real Estate Sector Support to Anchor Market Stability

South Korea will increase policy support for real estate projects to 47.8 trillion won from 26.3 trillion won, as it looks to improve housing supply and promote market stability, according to a Thursday release from the Financial Services Commission.The agency also unveiled financial measures to aid young people and newlyweds in purchasing a house, such as equity accumulation and profit-sharing types as well as a newly created universal public rental housing type.The agency will retain restrictions on speculative demand, as it looks to curb household debt growth at about 3% this year.The country looks to start construction of 230,000 houses in the metropolitan area over the next five years, on top of an earlier goal of 1.35 million houses.

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Asia

Market Chatter: South Korea Watchdog Finds Apple, Google Violated In-App Purchase Laws

South Korea's media watchdog found that US technology giants Apple and Google violated laws governing in-app purchases by abusing their dominant positions in the app marketplace, Yonhap News reported Wednesday.The companies are accused of bypassing a law prohibiting large app-market operators from forcing developers to use their in-app payment systems by charging fees of about 26% on purchases made through third-party payment platforms, the report said.The Korea Communications Commission warned the companies in 2023 that they could face the maximum possible fines, but no fines have been imposed to date, the report said.Sanctions against the two companies have yet to be determined.Google and Apple did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Strong Chip Stock Gains Push South Korean Markets Higher for Third Day

South Korean stocks closed sharply higher for a third straight session on Wednesday, led by gains across key chip stocks, despite overnight losses on Wall Street as investor sentiment toward a possible U.S.-Iran peace agreement weakened.Market movers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added 7% and 6%, respectively, at the end of the trading day.The Korea Composite Stock Price Index, or Kospi, increased by 233.51 points, or 3.7%, to close at 6,579.04. The Kosdaq also rose by 1.07 points, or 0.12%, to close at 858.91.In economic news, South Korea's seasonally adjusted unemployment rate inched up to 2.8% in July from 2.7% in June, according to data from the Ministry of Data and Statistics released on Wednesday.The reading was also up from 2.7% a year earlier.The labor force participation rate edged down to 65% from 65.2% in June.The total number of employed persons fell to 29.14 million in July from 29.15 million the previous month, while the number of unemployed shrank to 776,000 from 834,000.In corporate news, Kolmar Korea (KRX:161890) posted a 68% year-over-year jump in net income to 52.1 billion won in the second quarter from 31 billion won, according to a Wednesday filing with the Korea Exchange.Net sales increased 32% to 430.4 billion won for the three months ended June 30 from 328.1 billion won a year earlier.Shares of the South Korean pharmaceutical preparation manufacturing firm gained 23% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:161890
International

South Korea's Unemployment Rate Rises to 2.8% in July

South Korea's seasonally adjusted unemployment rate inched up to 2.8% in July from 2.7% in June, according to data from the Ministry of Data and Statistics released on Wednesday.The reading was also up from 2.7% a year earlier.The labor force participation rate edged down to 65% from 65.2% in June.The total number of employed persons fell to 29.14 million in July from 29.15 million the previous month, while the number of unemployed shrank to 776,000 from 834,000.

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