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456 stories mentioning KOSPIUpdated 1d ago

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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International

Asia Week Ahead - Inflation Prints; GDP; Export, Import Data

For the Week Ahead in Asia, inflation data will be in focus as investors gauge the region's economic momentum.China released inflation data over the weekend, with consumer and producer inflation decelerating to 0.5% and 3.5%, respectively, in July.The week opens with Bank of Japan's minutes of the July 30-31 meeting, with Tuesday seeing Malaysia's industrial output.Mid week, India will release inflation figures, with South Korea's July unemployment rate and Singapore's revised Q2 GDP also on the calendar.Japan will publish producer price data on Thursday, with South Korea's export and import prices for July and India's wholesale price inflation set to be published Friday.MONDAY, AUG. 10Bank of Japan policymakers see room for further rate hikes as inflation moves toward the 2% target, while some members favored holding rates steady to assess past increases, according to the minutes of the July 30-31 meeting released Monday.Officials projected moderate economic growth and gradual inflation acceleration through fiscal 2027.TUESDAY, AUG. 11Indonesia's retail sales are forecast to increase 1.8% in June, according to Trading Economics.Malaysia will release industrial output data.WEDNESDAY, AUG. 12India's inflation is projected to remain unchanged at 4.4% in July based on market forecasts, according to ING.An increase of over 4% in daily food-price data in July may lead to a minimal rise in headline inflation to 4.5%, the Wall Street Journal reported, citing ANZ Research analyst Dhiraj Nim.South Korea's unemployment rate is expected to rise to 2.8% in July from 2.7% in June, according to a projection by Trading Economics.UOB Senior Economist Alvin Liew expects Singapore's GDP for the second quarter to be revised to 5.8% conditional on unchanged construction and services growth, the WSJ reported. GDP stood at 5.7% according to advance estimates released in July.Elsewhere, sentiment among major Japanese manufacturers is forecast to see a slight boost, with the Reuters Tankan manufacturing index increasing to 14 points in August from 13 points in July, according to Trading Economics.The country is also expected to see machine tool orders increase 42% in July, compared with 52.8% previously, a Trading Economics forecast revealed.THURSDAY, AUG. 13Japan's producer prices are projected to rise to 7.5% year over year in July from 7.1% previously, according to a consensus of experts at ING.The forecast was based on higher input costs amid a rise in energy prices, a weaker yen, and import costs.FRIDAY, AUG. 14South Korea will release export and import data for July.Export prices are expected to rise 55%, compared with 48.9% previously, while import prices will likely increase 31%, up from 20.6%, according to a Trading Economics forecast.India will publish wholesale price inflation figures for the month of July, with a Trading Economics consensus pointing to a rise of 10.25% in July from 9.87% previously.Malaysia will publish revised GDP figures for Q2, with DBS economists projecting growth of more than 5%, the WSJ said.

ASX 200^BSEHang SengKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
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 Electricity Demand Breaches 95 GW Mark to Hit All-Time High

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, Yonhap News reported Sunday.The government has prepared an additional 8.8 gigawatts of reserve capacity for unexpected shortages, and an emergency power supply alert will be triggered if the reserve capacity falls below 5.5 gigawatts.

KOSPI
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

Incheon Ara Energy Taps GS EPS for 9 Billion Won Equity Injection

Incheon Ara Energy said its affiliate and 100% shareholder, GS EPS, will participate in a 9 billion won paid-in capital increase, according to a Friday filing with the Korea Exchange.The South Korea-based utility company said it will issue 900,000 new common shares at 10,000 won each through a shareholder allocation to GS EPS.The proceeds will be used to fund facility investments.

KOSPI
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 Korea's Antitrust Watchdog Plans to Fine Conglomerate Heads for Omitting Affiliates From Regulatory Filings

The South Korean antitrust watchdog plans to fine heads of conglomerates for omitting affiliates from regulatory filings to avoid antitrust rules, according to a Fair Trade Commission release on Tuesday.The antitrust body will fine conglomerate heads with penalties of up to 10% of the larger of the combined assets or average annual sales of the omitted affiliates.The FTC also outlined governance reforms, including curbing duplicate listings under the holding company system and requiring disclosure of minority shareholder rights exercises and compliance management practices.3

KOSPI
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
Asia

Coupang Swings to Loss in Fiscal Q2 as Sales Rise

South Korea-focused retailer Coupang swung to a year-over-year loss in income attributable to shareholders of $570 million for the second quarter ended June 30 from a profit of $32 million.The company's loss per share was $0.32 compared with earnings per share of $0.02 a year ago, according to a filing on Wednesday.Net retail sales jumped to $6.74 billion from $6.51 billion in the year-ago period.Coupang's shares are listed on the New York Stock Exchange.

KOSPI
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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International

Bank of Korea Signals Further Rate Hikes After July Increase

The Bank of Korea board members hinted further rate hikes will be needed to bring inflation back to target, after it raised its base rate by 25 basis points to 2.75% at its July meeting.Members noted consumer inflation exceeded 3% for two straight months, while core inflation is expected to accelerate on strengthening demand-side pressure amid economic recovery.The Korean economy continues to benefit from robust semiconductor exports and AI-driven growth, with members projecting growth to significantly exceed previous forecasts, according to the July minutes of the meeting.However, financial stability concerns have intensified, including rising housing prices in the capital region, growing household debt, and elevated volatility in stock prices.Meanwhile, the won-dollar exchange rate remained weak despite a substantial current account surplus.External uncertainties persist, with geopolitical tensions in the Middle East and fluctuating oil prices, resulting in changing expectations of monetary policy among major economies.

KOSPI
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: GM Korea's Sales Jump 31% in July

General Motors' South Korean unit posted a 30.6% year-over-year increase in sales to 42,199 units in July, driven by strong overseas demand for its sport utility vehicles, Yonhap News reported Tuesday.The Korean unit of the U.S. carmaker exported 41,353 vehicles in July, marking the sixth month this year in which GM Korea's monthly sales exceeded 40,000 vehicles, according to the report.Global sales were led by the Trax Crossover and the Trailblazer variants, which sold 26,822 and 15,531 units, respectively, 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.)

KOSPI
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.)

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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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International

Asia Week Ahead - PMI Reports, Inflation Figures, and Trade Data

For the week ahead in Asia, markets will be focused on multiple Purchasing Managers' Index (PMI) releases covering manufacturing activity across the region.The week opened busy with PMI readings across Asia.The rest of the week will bring more PMI reports, trade data, inflation numbers, and a rate decision in India.MONDAY, AUG. 3China's RatingDog General Manufacturing PMI compiled by S&P Global came in at 50.9 compared with 51.7 in the previous month.Japan and Taiwan's factory activity, compiled by S&P Global, expanded at a softer rate in July to a respective 54.5 and 55.1, while India's HSBC PMI eased to 53.5 in the month.Elsewhere, South Korea and Thailand's PMI rose at a faster rate to 53.1 and 54.2, respectively, while Malaysia maintained its PMI at 50.7, according to S&P Global.Meanwhile, corporate morale among Thai businesses rose slightly in July, with the headline Business Sentiment Index (BSI) coming in at 46.7 points, compared with 46.1 points in June.Indonesia's annual inflation rate stood at 2.88% in July, with a Consumer Price Index of 111.73. The economy also saw a trade deficit of $450 million in June.TUESDAY, AUG. 4South Korea's inflation will likely ease to a 2.9% year-over-year increase in July from a 3.2% rise in June, according to a poll of 11 WSJ economists.The lower projected inflation will reportedly result from a drop in energy prices and electricity tariffs.Meanwhile, Hong Kong will release retail sale numbers.WEDNESDAY, AUG. 5A number of data releases are scheduled for Wednesday.Reserve Bank of India (RBI) is expected to keep its repo rate steady at 5.25%, according to experts at ING.India's inflation in the June quarter was lower than forecasts, eliminating the need for immediate rate increases, the Wall Street Journal reported citing analysts from Citi Research. ANZ Research, however, forecasts a 25-basis-point hike in December, the WSJ said.The Bank of Japan will also publish the minutes of its June meeting where it hiked rates to a three-decade high of 1%.Trading Economics forecasts Japan's S&P global composite PMI for July to rise to 53.1 and global services PMI to ease to 51.9. Singapore's July global PMI will likely ease to 57.China and India will also see July services and composite PMI reports from S&P and HSBC.Elsewhere, Singapore's retail sales may increase at a faster rate of 4.8% year over year in June from 3% in May, according to a Trading Economics estimate.Thailand and the Philippines will report inflation figures.Meanwhile Barclays is forecasting a second-quarter GDP growth of 5.7% for Indonesia, the WSJ reported.THURSDAY, AUG. 6ING economists expect inflation in Taiwan to ease to 2.4% year over year in July.The Philippines will release industrial production data.FRIDAY, AUG. 7China is projected to see a trade surplus of $112.6 billion in July, according to experts at ING. Exports and imports are expected to rise 28.1% and 33.6%, respectively, year over year.Trade will be driven primarily by technology niches, according to ING.Taiwan's trade surplus is forecast to increase to $15.2 billion by ING economists, with exports and imports rising 43.6% and 56.4% year over year.Thailand will report consumer confidence data on Friday, while the Philippines will release GDP numbers for the second quarter.SUNDAY, AUG. 9Trading Economics forecasts China's inflation rate to ease to 0.9% in July, meanwhile annual producer inflation is expected to accelerate to 4.3%.

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

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