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369 stories mentioning KOSDAQUpdated 14h 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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Japan

Chip Stock Gains Push South Korean Shares Higher; NC Corporation Adds 5%

South Korean shares closed higher for a second day on Tuesday on gains made by semiconductor stocks as investors aimed to bargain hunt.The Korea Composite Stock Price Index, or Kospi, increased by 45.87 points, or 0.7%, to close at 6,345.53. The Kosdaq also rose by 3.37 points, or 0.4%, to close at 857.84.In economic news, South Korea's exports jumped 45.3% to $21.3 billion in the first 10 days of August from $14.6 billion a year earlier, according to Tuesday data from the Korea Customs Service.Imports increased 23.1% to $19.5 billion from $15.8 billion a year earlier, resulting in a $1.8 billion trade surplus.In corporate news, NC Corp. (KRX:036570) reported net income attributable to shareholders of the parent of 124.6 billion won for the second quarter ended June 30, returning from a net loss attributable to shareholders of the parent of 35.4 billion won.Net sales jumped 101.5% to 770.5 billion won from 382.4 billion won, according to a Tuesday filing with the Korea Exchange.Shares of NC Corp. added nearly 5% at market close.In other news, the South Korean government plans to purchase 700 humanoid robots and over 1,000 quadruped robots to actively create an initial market for research and data factories by 2030, the Blue House said in a Monday release.President Lee Jae Myung said that the scale of government procurement would be considerably increased on the basis of demand surveys to build a robot ecosystem, according to the release.The government will establish dedicated research and development for core components such as actuators, sensors, and robot hands, and build a robot foundry in Saemangeum to expand production infrastructure for startups.

^KOSDAQKOSPIKRX:036570
Asia

South Korea to Purchase Robots to Build Physical AI Market by 2030

The South Korean government plans to purchase 700 humanoid robots and over 1,000 quadruped robots to actively create an initial market for research and data factories by 2030, the Blue House said in a Monday release.President Lee Jae Myung said that the scale of government procurement would be considerably increased on the basis of demand surveys to build a robot ecosystem, according to the release.The government will establish dedicated research and development for core components such as actuators, sensors, and robot hands, and build a robot foundry in Saemangeum to expand production infrastructure for startups, it said.

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Asia

South Korea to Form KRW5 Trillion Chip Fund

South Korea plans to establish a 5 trillion won semiconductor fund to support chip materials, parts, equipment, and fabless companies, Presidential Chief of Staff Kang Hoon-sik announced at a press briefing on Monday.The government will also provide an additional 5 trillion won in trade finance for suppliers.The funding forms part of President Lee Jae Myung's broader semiconductor initiative, which targets over $576 billion in new chip manufacturing projects by Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), Samsung Electro-Mechanics (KRX:009150), Samsung Display, Samsung SDI (KRX:006400), and Naver (KRX:035420).The government also plans to roll out a 10-year, 1 trillion won program to support cooperation between large firms and smaller suppliers in chip development, testing and mass production, according to the briefing.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:006400KRX:009150KRX:035420
Asia

South Korean Stocks Close Marginally Higher on Wall Street Gains, Investors Focus on Chip Stocks

South Korean stocks closed slightly higher on Monday, snapping a two-day losing streak as investors purchased stocks of key chipmakers following Wall Street's extended record-setting rally. The Dow Jones Industrial Average (DJIA) gained 0.3%, the broader S&P 500 added 0.6% to a new record, and the technology-laden Nasdaq Composite climbed 1.3%.The Korea Composite Stock Price Index, or Kospi, increased by 40.89 points, or 0.7%, to close at 6,299.66. The Kosdaq also rose by 55.66 points, or 7%, to close at 854.47.In economic news, electricity demand in South Korea breached the year's all-time high mark as a prolonged heat wave kept power consumption elevated, according to data from the Korea Power Exchange.Maximum electricity demand reached 95.321 gigawatts on Aug. 8, while reserve capacity stood at 8.2 gigawatts. The available power supply was raised by 2 gigawatts from last year to 107 gigawatts.In corporate news, shares of Ilsung Construction (KRX:013360) added nearly 5% at market close after it secured a construction contract for the new main building at Eulji University Daejeon campus, according to a Monday filing with the Korean Exchange.The contract, valued at 32.65 billion won, is valid till Jan. 9, 2029. Under the contract, the company will construct a 3,537-pyeong new main building, renovate two buildings totaling 3,448 pyeong, and demolish 5,971 pyeong of existing facilities.

^KOSDAQKOSPIKRX:013360
Asia

South Korean Shares End Week Lower

South Korean shares closed lower for a second straight session on Friday, owing to renewed tensions in the Middle East.The Korea Composite Stock Price Index, or Kospi, decreased by 37.61 points, or 0.6%, to close at 6,258.77. The Kosdaq fell by 2.86 points, or 0.4%, to close at 798.81.In corporate news, GS Engineering & Construction (KRX:006360) has secured a construction order for the Sajik District 3 redevelopment project, according to a Friday filing with the Korea Exchange.The contract amounts to 408.2 billion won and involves the construction of 995 apartment units.Shares of the company fell over 3% at market close.In other news, Naver (KRX:035420) posted a 43% year-over-year jump in attributable profit to 698.6 billion won from 488.8 billion won for the second quarter, according to a Friday filing.Revenue rose 16% to 3.389 trillion won from 2.915 trillion won.Shares of Naver fell over 7% at market close.

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Asia

South Korean Shares Plunge 5% on Tech Losses; Samsung Loses 6%, SK Hynix 10%

South Korean shares plunged nearly 5% at market close on Thursday as losses incurred by technology stocks weighed on sentiment. Investors were particularly skeptical about the AI industry.Shares of key market movers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) declined over 6% and 10%, respectively, taking a toll on the primary index.The Korea Composite Stock Price Index, or Kospi, decreased by 301.88 points, or 4.6%, to close at 6,296.38. The Kosdaq rose by 2.08 points, or 0.3%, to close at 801.67.In economic news, South Korea's current account surplus stood at $49.73 billion in June, up from $38.6 billion in May, according to preliminary data from the Bank of Korea on Thursday.The figure surpassed Trading Economics' forecast of $34.7 billion and marked the largest surplus on record.Goods account surplus jumped to $47.9 billion from $37.9 billion as exports surged 84.5% to $112.4 billion, while the services account logged a larger deficit of $1.29 billion as compared to $1.09 billion in May.In corporate news, LIG Defense & Aerospace (KRX:079550) posted a second-quarter net income attributable to shareholders of the parent of 82.6 billion won, down 23% from 107.1 billion won a year earlier.Sales, on the other hand, increased 17% to 1.11 trillion won from 945.4 billion won, according to a Thursday filing with the Korea Exchange.Shares of the company declined 12% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:035720KRX:079550
International

South Korea's Current Account Surplus Surges to Record $49.7 Billion in June

South Korea booked a current account surplus of $49.73 billion in June, up from $38.6 billion in May, according to preliminary data from the Bank of Korea published Thursday.The figure beat Trading Economics' forecast of $34.7 billion and marked the largest surplus on record.Of the total, goods account surplus jumped to $47.9 billion from $37.9 billion as exports surged 84.5% to $112.4 billion.Services account logged a larger deficit of $1.29 billion versus $1.09 billion in May, which the BOK attributed to deficits in other business services and manufacturing services.

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Asia

South Korean Stocks Extend Gains, Tracking Regional Performances

South Korean shares closed higher on Wednesday, tracking regional gains as mediators report progress in US-Iran peace talks.The Korea Composite Stock Price Index, or Kospi, increased by 239.3 points, or 4%, to close at 6,598.26. The Kosdaq also rose by 18.87 points, or 2%, to close at 799.59.In company news, DB HiTek (KRX:000990) posted an 81% year-over-year rise in net income attributable to owners of the parent to 108 billion won for the second quarter ended June 30 from 60 billion won.Sales rose 23% to 414.5 billion won from 337.4 billion won, according to a Wednesday filing with the Korea Exchange.

^KOSDAQKOSPIKRX:000990
International

South Korea's Foreign Reserves Rise to $427.9 Billion in July

The South Korean government's official foreign reserves stood at $427.9 billion in July, compared with $427.4 billion in the previous month, according to Bank of Korea data published Wednesday.Securities reserves fell to $380 billion from $380.3 billion, deposits rose to $23.1 billion from $22.3 billion, special drawing rights inched up to $15.7 billion from $15.6 billion, while gold reserves and IMF position were flat at $4.8 billion and $4.3 billion, respectively.

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Japan

South Korean Stocks Rebound as Retail Buying Offsets AI, Middle East Concerns

South Korean shares closed higher on Tuesday as retail investors went on a buying spree after the previous session's more than 5% plunge on profit-booking.A positive lead from overnight gains on Wall Street boosted sentiment, despite gains being limited by ongoing concerns over AI spending and tensions in the Middle East.The Korea Composite Stock Price Index, or Kospi, increased by 101.5 points, or 1.6%, to end at 6,358.95. The Kosdaq also rose by 43.37 points, or 5.9%, to close at 780.72.In economic news, South Korea's annual inflation rate decelerated to 2.8% in July from 3.2% in June, according to data from the Ministry of Data and Statistics published Tuesday.The latest print was lower than the consensus forecast of 3%, according to Investing.com.On a monthly basis, the all-items consumer price index was down 0.2%, reversing the 0.1% increase between May and June.Meanwhile, the country's core inflation rate, which excludes food and energy prices, rose to 2.6% from 2.5% in June.In corporate news, KG Mobility (KRX:003620) secured an investment of $75 million from China's Chery Automobile (HKG:9973) to boost technology cooperation and partnership, according to a Monday release from the South Korean automaker.The investment builds on a 2024 platform licensing agreement and a 2025 joint development deal for mid-to-large sports utility vehicles (SUVs).Shares of KG Mobility jumped 6% at market close in Seoul, while those of Chery declined over 3% in Hong Kong.

^KOSDAQKOSPIHKG:9973KRX:003620
Asia

Morgan Stanley Upgrades South Korea, Thailand to Overweight, Moves Australia to Underweight

Morgan Stanley has upgraded South Korea and Thailand to overweight while placing Australia to underweight, according to a Monday research note.The equity research firm believes the recent selloff in the South Korean stock market was primarily technical, with leverage unwinding for ETFs already moving past the midpoint.This has reduced the pressure on the KOSPI index and opened a better entry opportunity to ride an AI and industrial super cycle, Morgan Stanley said.The research firm has a 9,000 target for the KOSPI, a 36% upside on its current level.Meanwhile, better macroeconomic policy conditions, earnings inflection, and cheap valuation anchor Thailand's rating, with AI infrastructure and energy security being main structural themes, Morgan Stanley said.For Australia, a tighter central bank policy rate, a contractionary federal budget, and a structural housing reboot has placed an upside limit on the index, the research firm said.

ASX 200^KOSDAQKOSPI^SET
Asia

Korean Central Bank Plans Purchase of Domestically Produced Gold

The Korean central bank will buy locally produced gold, according to a Monday statement.The Bank of Korea has created a cooperation framework with domestic gold producers, the Korea Exchange and the Korea Securities Depository to support the effort.The move allows the central bank to diversify its gold procurement channels aside from current purchasing methods.The central bank also looks to expand gold holdings in the mid-to-long term, mix gold storage locations, and expand foreign exchange reserves with the effort.

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Asia

Market Chatter: Renault Korea's July Sales Plunge 58%

Sales of Renault Korea plunged 58.2% to 3,030 units in July from a year earlier, Yonhap News reported Monday, citing a company release.Weak domestic and overseas demand took a toll on sales.Sales in South Korea fell 57.4% to 1,704 units in the month, while sales abroad decreased 59.2% to 1,326 units, 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.)

^KOSDAQKOSPI
International

South Korea's Annual Inflation Rate Cools to 2.8% in July

South Korea's annual inflation rate decelerated to 2.8% in July from 3.2% in June, according to data from the Ministry of Data and Statistics published Tuesday.The latest print was lower than the consensus forecast of 3%, according to Investing.com.On a monthly basis, the all-items consumer price index was down 0.2%, reversing the 0.1% increase between May and June.Meanwhile, the country's core inflation rate, which excludes food and energy prices, rose to 2.6% from 2.5% in June.Month over month, core consumer prices inched up 0.4%, versus a flat reading the previous month.

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Asia

South Korea's Kospi Falls Over 5% on Semiconductor Profit-Taking; Kosdaq Gains

South Korea's Kospi plunged on Monday as investors took profits in major semiconductor stocks after the market's record rally of 1001.89 points on Friday.The Korea Composite Stock Price Index, or Kospi, decreased by 338 points, or 5.1%, to end at 6,257.45. The Kosdaq, however, increased by 17.59 points, or 2.4%, to close at 737.35.In economic news, South Korean manufacturing output expanded at a faster rate in July versus the previous month, S&P Global said Monday.The latest seasonally adjusted S&P Global South Korea Manufacturing PMI rose to 53.1 from 52.1 in June.S&P said the rate of improvement was among the fastest recorded over the past four years.In corporate news, SK Inc. (KRX:034730) agreed to transfer 47.3 million shares it holds in SK Siltron to Doosan Corp. (KRX:000150) for 2.3 trillion won by Jan. 31, 2027, pending regulatory approvals and conditions precedent.The disposal includes 34.2 million shares currently held plus 13.1 million shares to be acquired through Total Return Swap agreements, according to a bourse filing on Monday.The transaction incorporates an excess profit-sharing mechanism tied to SK Siltron's EBITDA targets through 2034, quality certification milestones, and asset sale proceeds exceeding book value.SK Inc.'s shares fell 6%, while Doosan jumped 6% at market close.

^KOSDAQKOSPIKRX:000150KRX:034730
International

South Korea's Manufacturing Activity Expands at Faster Rate in July

South Korean manufacturing output expanded at a faster rate in July versus the previous month, S&P Global said Monday.The latest seasonally adjusted S&P Global South Korea Manufacturing PMI rose to 53.1 from 52.1 in June.S&P said the rate of improvement was among the fastest recorded over the past four years.Strong expansions in output and new orders drove the acceleration, alongside a renewed increase in employment. Input cost inflation eased in July to a pace not seen since the outbreak of the Middle East conflict.

^KOSDAQKOSPI
International

South Korea's Trade Surplus Shrinks in July

South Korea recorded a trade surplus of $30.3 billion in July, compared with $36.1 billion the previous month, according to data from the Ministry of Trade, Industry and Resource on Saturday.The latest print beat the consensus forecast of $29.6 billion tracked by Investing.com.Exports jumped 62.8% to $98.9 billion from $60.7 billion in the year-ago period, topping the 59% consensus forecast.Imports rose 26.5% to $68.6 billion from $54.2 billion a year ago. The pace of growth slightly missed the consensus forecast of 26.6%.

^KOSDAQKOSPI
Asia

South Korean Stocks Surge, Break Three-Day Losing Streak on AI Optimism

South Korean stocks surged a record 18% at market close on Friday, led by gains made by semiconductor stocks after Microsoft's stronger-than-expected fiscal fourth-quarter earnings eased investor concerns over AI spending.Microsoft reported revenue of $90 billion, up 18%, while net income jumped 31% to $35.8 billion on a GAAP basis.The Korea Composite Stock Price Index, or Kospi, increased by 1001.89 points, or 18%, to end at 6,595.45. The Kosdaq also jumped by 74.98 points, or 11.6%, to close at 719.76.In economic news, South Korea's all-industry production index, which measures output across the mining, manufacturing, services and construction sectors, rose 2.3% in June from a month earlier, according to data released by the Ministry of Data and Statistics on Friday.The movement compared with a 0.3% decline in May and stood at 120.1 points based on a 2020 benchmark of 100.On an annual basis, the all-industry production index climbed 2.3%, reversing the 0.4% drop in May.In corporate news, Pan Ocean (KRX:028670) posted second-quarter net income attributable to shareholders of 137.5 billion won, up 12% from 122.8 billion won a year earlier, according to a Friday filing with the Korea Exchange.The South Korean shipping and logistics company's sales rose 48% year over year to 1.914 trillion won from 1.294 trillion won.Shares of Pan Ocean jumped 11% at market close.

^KOSDAQKOSPI
Asia

South Korea Proposes New Sovereign Wealth Fund

South Korea will establish a new sovereign wealth fund with allocation of more than 20 trillion won, the Ministry of Finance and Economy said Friday.The fund will have long-term investments in strategic industries such as AI, robotics and semiconductors, among others, the ministry said.The government will create the fund through a "strategic investment account" in national wealth fund Korea Investment, according to the ministry's statement.The ministry will forward the proposal to the National Assembly in August, aiming for an approval within the year.

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Asia

Market Chatter: South Korea Forex Intervention Lifts Won to Biggest Monthly Rise Since 2009

South Korea's rare dollar-selling foreign exchange intervention, alongside Japan on Thursday, lifted the won to a nine-month high, Reuters reported Friday, citing a market source.The two countries reportedly sold dollars in New York trading, while Japan bought yen, helping lift the yen from four-decade lows.Meanwhile, Korea's won strengthened 2% to 1,418 per dollar, its strongest level since Oct. 20. The currency has gained over 8% in July and is expected to post its biggest monthly rise since 2009.The South Korean Ministry of Finance and Economy toldthat it is unable to comment on or confirm this matter.(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.)

^KOSDAQKOSPINikkei 225

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