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Opened up 1.8% on the US-Iran deal and strong May export prices driven by a surge in semiconductor-linked products.

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Asia

AI-Driven Boom to Benefit Tech-Heavy Asia-Pacific Economies, S&P Says

Asia-Pacific economies with significant tech manufacturing will benefit from an AI-linked tech export boom, S&P Global Ratings said Wednesday.The benefits from the AI tech rally will counter the adverse effects from the energy shock in these economies, S&P Asia-Pacific chief economist Louis Kuijs said.S&P sees possible upward GDP estimate revisions for markets with solid tech shipments, mainly South Korea and Taiwan, as well as Malaysia, Singapore, and Thailand.Meanwhile, the impact of the energy shock has dampened growth forecasts for India, Japan, New Zealand, and the Philippines, S&P said.The rating agency's forecast for China remains stable as strong export dynamics offset weaker domestic demand.S&P maintained its baseline GDP growth forecasts in the region excluding China at 4.5% for 2026 and 4.4% for 2027.

^BSEFTSE Bursa Malaysia KLCI^KOSDAQKOSPINikkei 225Nifty 50^NZ50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Korean Insurers Tighten Risk Controls Amid Growing Caution on Alternative Investments, S&P Says

Korean insurers are maintaining stricter risk management controls amid growing wariness of overseas alternative investments, including private credit funds and real estate funds, S&P Global Ratings said Wednesday.The assets seem to post reduced risk-adjusted returns that do not meet insurers' expectations, S&P said.Insurers are now honing in on highly rated bonds and fixed-income securities as domestic bond yields increase, the rating agency said.The rating agency views controlled exposure to riskier overseas private credit and real estate funds for Korean insurers.Rated insurers will endure stress linked to these assets at their present rating, but an ensuing shock will hit profitability, according to S&P.

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Asia

South Korean Shares Rebound on Chip Gains; Samsung Adds 10%, SK Hynix 1%

South Korean shares rebounded on Wednesday, owing to strong gains made by heavyweight semiconductor stocks, after following a technology stocks-led sell-off on record on Tuesday. Key market movers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added nearly 10% and 1%, respectively, at market close.The benchmark Korea Composite Stock Price Index, or Kospi, rose 3.3%, or 267.18 points, to close at 8,471.02. The Kosdaq also increased by 2%, or 17.79 points, to end at 909.31.In economic news, the number of foreign tourists that arrived in South Korea has exceeded 10 million as of the third week of June, the Ministry of Culture, Sports and Tourism said in a Wednesday release.The number of foreign tourists visiting South Korea jumped 19.4% to 1.95 million in May from 1.63 million a year earlier. Total foreign arrivals in the country in the first five months of 2026 rose 21% to 8.72 million from 7.21 million in the same period last year, the ministry said.In the corporate front, the South Korean government is in discussions with chipmakers Samsung Electronics and SK Hynix over the next phase of large-scale semiconductor investments, Reuters reported Wednesday, citing presidential policy adviser Kim Yong-beom at a discussion panel.Kim said that AI-driven demand growth may require the two chipmakers to boost planned chip facility construction by more than 10 years to 2034-2035, while the government looks for space to build a second semiconductor cluster, the report said.In other news, CMES Robotics (KOSDAQ:475400) secured a supply contract for an electrode coater insulation thickness measuring instrument from LG Energy Solution Arizona, the company said in a Wednesday filing with the Korean Exchange.The contract, valued at 1.40 billion won, is expected to be valid till Aug. 31, 2028.Shares of CMES Robotics rose nearly 7% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930
International

Foreign Tourist Arrivals in South Korea in 2026 Exceed 10 Million

The number of foreign tourists that arrived in South Korea has exceeded 10 million as of the third week of June, the Ministry of Culture, Sports and Tourism said in a Wednesday release.Ministry of Culture, Sports and Tourism Choi Hwi-young said that this milestone was achieved about a month earlier than last year, when the 10 million mark was surpassed in mid-July.The number of foreign tourists visiting South Korea jumped 19.4% to 1.95 million in May from 1.63 million a year earlier. Total foreign arrivals in the country in the first five months of 2026 rose 21% to 8.72 million from 7.21 million in the same period last year, the tourist ministry said.

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Asia

South Korea's Kospi Crashes 10% as Investors Offload Tech Stocks; Samsung, SK Hynix Down 12%

A technology stocks-led sell-off dragged South Korean stocks sharply lower on Tuesday on strong profit-taking and following overnight losses on Wall Street. Major market-moving technology stocks Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) plunged over 12% at market close.The Korea Exchange activated a five-minute buy-side sidecar on the country's primary stock market around 11.40 am after the KOSPI200 Futures fell 76.06 points, or 5.12%, to trade at 1,407.54 amid the massive sell-off. A buy-side sidecar is activated when the KOSPI200 Futures index moves 5% or more for at least one minute.The benchmark Korea Composite Stock Price Index, or Kospi, fell 10%, or 910.71 points, to close at 8,203.84. The Kosdaq also decreased by 7.9%, or 76.88 points, to end at 891.52.In economic news, South Korea's composite consumer sentiment index rose to 106.6 in June from 106.1 in May, according to data released by the Bank of Korea on Tuesday. A reading above 100 indicates an improved outlook, while a reading below 100 suggests pessimism.Sentiment toward current living standards rose one point to 94, while sentiment on the future outlook was unchanged at 97. The outlook for future household income and the sentiment for future household spending were steady at 100 and110, respectively.In corporate news, a worker at HD Korea Shipbuilding & Offshore Engineering (KRX:009540) subsidiary HD Hyundai Samho died on Monday after being struck by a mooring rope during vessel berthing operations at Dolphin Pier 1 in Yeongam.The Ministry of Employment and Labor is investigating the matter, according to a Tuesday filing with the Korea Exchange.Shares of HD Korea Shipbuilding & Offshore Engineering fell nearly 8% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:009540
International

South Korea's Composite Consumer Sentiment Index Inches Up in June

South Korea's Composite Consumer Sentiment Index (CCSI) rose to 106.6 in June from 106.1 in May, according to the Bank of Korea's June Consumer Trends Survey released on Tuesday.Consumer sentiment regarding current living standards came in at 94 in June, one point higher than the preceding month, and the sentiment around the future outlook was unchanged at 97, the data showedThe survey was conducted from June 9 to 16.Consumer sentiment regarding the current domestic economic conditions in June was also three points higher than in May at 86. Meanwhile, the sentiment around the future domestic economic conditions slipped by one point from May to 92 in June.Sentiment around future household income and future household spending were both unchanged, at 100 and 110, respectively.As per the data, the expected inflation rate for the upcoming year was 2.8%, unchanged from a month earlier.

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International

South Korean Non-Financial Firms' Sales Rise 13.5% in Q1

Sales at South Korea's non-financial companies rose 13.5% in the first quarter of 2026 from the previous quarter, according to data released Tuesday by the Bank of Korea.The pace of growth was sharper than the 2.5% expansion recorded between Q3 and Q4 2025.Total assets increased 4.7% from a year earlier, also faster than the 1.4% anual growth in Q4 2025.Profitability improved during the quarter, with the operating income-to-sales ratio rising to 13.2% from 6.0% a year earlier.The income-before-taxes-to-sales ratio increased to 15.4% from 7.7%.Financial stability indicators also strengthened, as the debt-to-equity ratio declined to 87% from 88.9% in the previous quarter.

KOSPI
International

Asia Week Ahead: Policy Rates; Inflation Prints; and Labor Data

The macro calendar in Asia for the week of June 22 will be relatively light, though investors will still have a mix of inflation prints, activity indicators and policy decisions to track.The week gets off to a quiet start on Monday with China's benchmark lending rates.Activity picks up Tuesday with inflation data from Hong Kong and Singapore, alongside preliminary manufacturing and services readings from several major economies.Wednesday brings Thailand's monetary policy decision, while Thursday will shift the focus to Australia's labor market data.Friday rounds out the trading week with Tokyo inflation data, as well as Singapore's trade and industrial production figures.China's industrial profits data will follow on Saturday, with markets watching for signs of continued growth in corporate earnings.Here's what to watch in the week ahead.MONDAY, June 22The week kicked off with the release of China's closely-watched lending rates.As expected, the People's Bank of China kept its benchmark rate steady at its monthly fixing, with the one-year and five-year loan prime rate (LPR) maintained at 3% and 3.50%, respectively.Macao's monthly inflation print will be in the news later in the day.TUESDAY, June 23The second day of the week brings inflation data from Hong Kong and Singapore, along with preliminary readings on manufacturing and services activity across several economies.Singapore's inflation is expected to rise to 2.1% year on year in May from 1.8% in April, according to ING. The bank said the increase would mainly reflect elevated food prices and the delayed pass-through of earlier fuel price gains.Inflation in Hong Kong is similarly expected to accelerate to 2.1% in May from 1.7% in April, Trading Economics forecasted.Taiwan will report its monthly export orders and unemployment rate. Economists at ING said they expect May export orders to rise to 50.7% year on year amid the ongoing tech boom.Meanwhile, unemployment is expected to edge up to 3.4% in May from 3.34% in April, according to a Trading Economics forecast.On the activity front, S&P Global releases flash purchasing managers' index reports covering manufacturing, services, and composite activity in India, Japan, and Australia.Thailand reports its trade figures for May.According to Trading Economics, the country's trade deficit could narrow to $5 billion from a $10.02 billion deficit in the prior month period.South Korea's monthly consumer confidence report will also be among the highlights of the day.WEDNESDAY, June 24Thailand's central bank will convene for its interest rate decision, with markets expecting no change to the current benchmark of 1%, according to a Trading Economics forecast.Markets will also be closely watching Australia's monthly inflation print after the country's central bank decided to leave the cash rate target unchanged at its most recent meeting to assess the impact of previous rises and the oil supply disruption.Australia's consumer price index (CPI) is expected to fall 0.3% from the previous month, a result that would still see the annual pace of inflation rise to 4.4%, Westpac said.Transport is expected to be the primary drag due to lower fuel prices, alongside declines in clothing and footwear, somewhat offset by modest gains in food and housing, according to the bank.Elsewhere, Taiwan will report industrial production and retail sales data for May.As with export orders, industrial production is expected to benefit from the ongoing tech boom and could record a growth of 14.2% year on year, ING said.THURSDAY, June 25Thursday will be relatively light on macro readouts, with Australia's monthly labor data among the handful of releases of note.Westpac said it expects Australia's May labour force data to show a bounce-back after April's data surprised materially to the downside, possibly due to extra holiday-related weakness tied to the survey's Easter timing.The bank forecast a bounce-back in employment of 45,000 for May, with the participation rate edging back up to 66.8%, and the unemployment rate slipping to 4.4% from 4.5%.Hong Kong's May trade figures will also feature Thursday.The city is expected to report a trade deficit of HK$32.5 billion for the month, widening from a deficit of HK$29.5 billion in April, Trading Economics forecasted.In South Korea, the business confidence survey for June will be expected. The readout should show an improvement in business sentiment amid easing geopolitical tensions and strong performance in the tech sector, ING said.FRIDAY, June 26Japan's closely watched Tokyo core consumer price index for June will capture headlines, offering markets an early indicator of the overall inflation rate in the country.Economists at ING expect headline inflation to rise modestly to 1.7% year on year from 1.4% in the prior month and below the government's 2% target."JPY weakness and second-round effects from higher energy prices should add to inflationary pressures on both goods and services prices," ING said.Trade data from Singapore and Macao will also feature Friday, with Singapore additionally reporting industrial production data.Lastly, the Philippines will release its business confidence report for May.SATURDAY, June 27The week rounds off with the release of China's industrial profits data.After profits at major industrial enterprises rose 18% year on year in the first four months of 2026, markets will be watching the latest data for signs of continued growth.

ASX 200^BSEHang SengKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

South Korean Shares Close at New High on Chip Stock Gains; Kospi Crosses 9,100 Points

South Korean shares closed at a new high on Monday, with the primary index Kospi closing over 9,100 points, owing to strong gains by chipmakers. Shares of SK Hynix (KRX:000660), Hana Micron (KOSDAQ:067310), and Hanmi Semiconductor (KRX:042700) gained nearly 6%, 16%, and over 2%, respectively, at market close.The gains came as the U.S. and Iran made progress at their high-level negotiations in Switzerland, mediated by Pakistan and Qatar.The benchmark Korea Composite Stock Price Index, or Kospi, rose by 0.7%, or 62.13 points, to close at 9,114.55. The Kosdaq also increased by 0.2%, or 1.81 points, to end at 968.4.In economic news, South Korea's exports jumped 60.4% to $62 billion in the first 20 days of June from $38.7 billion a year earlier, Monday data from the Korea Customs Service showed.Imports increased 23.2% to $44.5 billion from $36.1 billion a year earlier, resulting in a $17.5 billion trade surplus.On the corporate front, PanGen Biotech (KOSDAQ:222110) secured a research service contract to advance a production system and evaluate a non-clinical sample production system for an antibody treatment targeting Severe Fever with Thrombocytopenia Syndrome (SFTS).The contract, valued at 2.8 billion won, is valid till Dec. 31, 2028, according to a Monday filing by the biotechnology company with the Korea Exchange.Shares of Pangen Biotech rose nearly 2% at market close.

^KOSDAQKOSPIKOSDAQ:067310KOSDAQ:222110KRX:000660KRX:042700
Asia

South Korea Unveils Plan to Combat AI-Driven Cyber Threats

South Korea's Ministry of Science and ICT has unveiled an emergency action plan to shore up the private sector against AI-driven cybersecurity threats, according to a ministry release on Monday.The ministry has established a cross-government coordination framework built around a new Vulnerability Management Center within the country's Korea Internet & Security Agency.The plan was triggered by the Project Glasswing report released by Anthropic on May 23, which identified more than 16,000 vulnerabilities across participating companies' systems.Under the framework, KISA will collect, analyze, and share vulnerability and patch information to around 28,000 companies across several industries.

KOSPI
Asia

Market Chatter: Two South Korea-Operated Ships Transit Strait of Hormuz After Ceasefire

Two vessels operated by South Korean firms have passed through the Strait of Hormuz since the U.S. and Iran signed a ceasefire deal last week, Reuters reported Monday, citing the East Asian nation's Ministry of Oceans and Fisheries.The ships are not carrying South Korean crew and are not bound for the country, but have yet to fully clear the high-risk zone, the ministry said, according to the report.As of Monday, 22 South Korean-operated vessels remained in the critical waterway, Reuters reported.(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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International

South Korea's Current Account Surplus Widens to $123.05 Billion in 2025

South Korea's current account posted a surplus of $123.05 billion in 2025, according to preliminary balance of payments data released by the Bank of Korea on Friday.The reading compared with the $99.97 billion surplus recorded in the previous year.The goods account logged a surplus of $138.07 billion, while the services account registered a deficit of $34.52 billion.The primary income account posted a surplus of $27.92 billion.

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International

South Korea's Producer Inflation Accelerates to 8.5% in May

Producer prices in South Korea increased 8.5% year over year in May, according to preliminary data from the Bank of Korea released on Friday.The reading compared with the 7.2% expansion recorded in the previous month. It beat the Trading Economics' forecast of a 7.5% growth.The performance during the month was driven primarily by manufacturing producer prices, which rose 13.3% year over year, sharper than the 11.8% jump the previous month.

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Asia

South Korean Shares Snap Six-Day Winning Streak on Profit-Booking

South Korean shares snapped a six-day winning streak on Friday to close lower after investors took the opportunity of the recent rally to book profits.Starting the day on a strong chip rally, shares lost momentum in the afternoon after news broke of the cancellation of the talks scheduled for Friday between the US ⁠and ​Iran in Switzerland to implement a peace agreement. The talks were expected to take place in the Swiss village of Obbürgen, two days after a memorandum of understanding (MoU) established a 60-day negotiation window for a long-term agreement on Iran's nuclear program and the resumption of oil shipments via the Strait of Hormuz.The benchmark Korea Composite Stock Price Index, or Kospi, fell by 0.13%, or 11.42 points, to close at 9,052.42. The Kosdaq also decreased by 3.4%, or 34.34 points, to end at 966.59.In economic news, producer prices in South Korea increased 8.5% in May from a year earlier, accelerating from 7.2% in April and marking the strongest annual increase since July 2022, according to preliminary data from the Bank of Korea on Friday.The year-on-year gains were driven by higher costs across all categories. On a month-on-month basis, producer prices increased 0.8% in May, according to the data.On the corporate front, Celltrion (KRX:068270) said approval for Part 1 of its European Phase 3 clinical trial application for Remsima (CT-P13 SC) in pediatric patients with Crohn's Disease has lapsed, according to a Friday filing with the Korea Exchange.Shares of the company fell nearly 3% at market close.

^KOSDAQKOSPIKRX:068270
Asia

South Korea's Kospi Crosses 9,000 Points to Hit Record High; Samsung Gains 5%, SK Hynix 7%

South Korean shares closed at a record high on Thursday, with the country's primary index surpassing the 9,000-point level for the first time ever.Investor sentiment was particularly buoyed by the US-Iran deal and the reopening of the Strait of Hormuz. In addition, the U.S. Federal Reserve's decision to keep its key rate steady in the range of 3.50%-3.75% at its latest rate-setting meeting also boosted sentiment.The benchmark Korea Composite Stock Price Index, or Kospi, increased by 2.3%, or 199.6 points, to close at 9,063.84. The Kosdaq, however, decreased by 3%, or 31.03 points, to end at 1,000.93.Thursday's gain marked the sixth straight day of gains, owing to optimism over the AI sector. Shares of market movers and chip stocks Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) rose nearly 5% and 7%, respectively.U.S. President Donald Trump and Iranian President Masoud Pezeshkian signed the Iran document on Wednesday night, the White House told the BBC.Key aspects of the deal comprise Iran's commitment not to develop a nuclear weapon, the restoration of shipping via the Strait of Hormuz with no transit fees for at least 60 days, the removal of U.S. sanctions, and an end to hostilities, including in Lebanon.In corporate news, Samsung Biologics (KRX:207940) secured a biologics contract manufacturing organization (CMO) contract from an undisclosed US-based pharmaceutical company. The contract, valued at 835.7 billion won, is valid until Dec. 31, 2031.Shares of Samsung Biologics added over 4% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:207940
Asia

US, Iran Sign Ceasefire Deal, Agreeing to Reopen Strait of Hormuz, Pakistan PM Says

The United States and Iran formally signed a landmark ceasefire agreement on Wednesday, with Pakistani Prime Minister Shehbaz Sharif confirming on X that the accord had been electronically signed by the presidents of both nations.Sharif, who served as mediator, said the deal carries immediate effect, with Iran pledging to reopen the Strait of Hormuz and Washington committing to lift its naval blockade as the first steps under the agreement.Trump confirmed the signing of the agreement, telling reporters outside the Palace of Versailles in France, "I signed it in Versailles... Just signed it," according to multiple reports, including from the AFP.

^BSE^HNXHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPINikkei 225^NSE^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

South Korean Shares Close Higher for Fifth Day on Chip Stock Gains

South Korean shares extended their winning streak for a fifth consecutive session on Wednesday, owing to a rally by key chipmakers in the country, such as Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), which added over 1% and nearly 6% at day's end.The benchmark Korea Composite Stock Price Index, or Kospi, increased by 1.6%, or 137.64 points, to close at 8,864.24. The Kosdaq also rose by 1.3%, or 13.28 points, to end at 1,031.96.In corporate news, Taihan Cable & Solution (KRX:001440) secured a supply order for HVDC XLPE power cables and related accessories from Korea Electric Power Corporation (KRX:015760), according to a filing with the Korea Exchange on Wednesday.The contract, valued at 133.02 billion won, excluding VAT, is valid until March 27, 2028.Shares of both Taihan Cable & Solution added over 1% at market close, while those of Korea Electric Power added nearly 2%.In other news, Kolon (KRX:002020) subsidiary Kolon Global (KRX:003070) secured a street housing redevelopment project in Majang-dong district 3 in Seoul, according to a Wednesday filing with the Korea Exchange.The project is valued at 103.4 billion won.Shares of Kolon added nearly 1% at market close.

^KOSDAQKOSPIKRX:000660KRX:001440KRX:002020KRX:003070KRX:005930KRX:015760
Asia

South Korean Shares Open Lower on Wall Street Losses, Investors Keep Close Eye on U.S. Fed Meeting

South Korean shares opened lower on Wednesday, tracking overnight losses on Wall Street, driven by technology stocks.The benchmark Korea Composite Stock Price Index, or KOSPI, declined 1.2%, or 104.47 points, to open at 8,622.13. The KOSDAQ marginally rose to open at 1,019.88 points.The technology-led sell-off in the US dragged the S&P 500 down about 0.5% and the Nasdaq by 1.15%.Investors were cautious ahead of the U.S. Federal Reserve's policy meeting on Wednesday, which would mark Kevin Warsh's first meeting as chairman of the Federal Reserve.Adding to the lackluster sentiment, U.S. President Donald Trump, while attending the G7 summit in France, criticized Israel's conduct in its war with the militant group Hezbollah, citing casualties from Israeli strikes.Trump also suggested that Syria should "take care of" Hezbollah. Trump and Vice President JD Vance also dismissed reports that the U.S. would make payments to Iran under a preliminary peace agreement.

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Asia

South Korean Shares Extend Rally as Reopening of Strait of Hormuz Boosts Sentiment

South Korean markets extended their rally for a fourth consecutive session on Tuesday, driven by investor optimism following a landmark agreement between the U.S. and Iran to end hostilities and reopen the Strait of Hormuz.The benchmark Korea Composite Stock Price Index, or Kospi, increased by 2.1%, or 180.62 points, to close at 8,726.6. The Kosdaq decreased by 1.5%, or 15.35 points, to end at 1,018.68.In economic news, South Korea's export prices surged 46.9% year over year in May, while import prices increased 24.8%, according to preliminary data released by the Bank of Korea on Tuesday.The net barter terms of trade index rose 18.7% in May from the same period last year.In corporate news, Chong Kun Dang Pharmaceutical (KRX:185750) plans to invest a total of 392.5 billion won to build a research and demonstration center for biopharmaceutical research and development in Baegot-dong, Siheung-si, according to a Tuesday filing with the Korea Exchange.The investment will be made from June 11, 2026, to Aug. 31, 2028.Shares of Chong Kun Dang Pharmaceutical rose more than 3% at market close.

^KOSDAQKOSPIKRX:185750
International

IMF Sees Global Economy Holding Up Amid Middle East Conflict

The global economy has remained resilient despite the Middle East conflict, supported by strong growth in the U.S. and China, though energy importers remain vulnerable, according to a Monday blog by IMF Managing Director Kristalina Georgieva.Oil prices remain about 30% above pre-war levels, contributing to higher inflation in many economies.However, inflation expectations have generally remained anchored, while financial markets have held up and global financial conditions remain accommodative, Georgieva said.She said investment in artificial intelligence and data centers continues to support growth, particularly in the U.S. and parts of Asia, helping offset the impact of higher energy costs.The IMF warned that countries heavily reliant on energy imports, especially in Africa and parts of Asia, face mounting pressure from higher fuel, food, and financing costs.The fund said policymakers should maintain price stability and fiscal discipline while remaining prepared to respond to prolonged disruptions.

ASX 200^BSE^DSE^HNX^HOSEHang Seng^JKSEFTSE Bursa Malaysia KLCI^KOSDAQKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted^YSX

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