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345 stories mentioning KOSPIUpdated 8h ago

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

International

South Korea's Q1 GDP Rises 3.8% Year Over Year

South Korea's GDP grew 3.8% year over year in the first quarter, according to preliminary data released by the Bank of Korea on Tuesday.The pace of growth was faster than the 1.6% expansion recorded in the previous quarter, exceeding the consensus forecast for a 3.6% growth, according to Investing.com.On a quarter-over-quarter basis, the economy expanded 1.8%, rebounding from the 0.1% contraction in the previous quarter. It also topped the consensus forecast of 1.7%.

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International

Asia Week Ahead: Inflation Prints; GDP Estimates; and Trade Balance

For the week ahead in Asia, inflation, trade and growth data will be in focus as investors assess the region's economic momentum.The week opens with Japan's revised first-quarter GDP figures, followed by trade data from China and Taiwan on Tuesday.Mid-week, China's consumer and producer inflation reports will dominate headlines, while Japan will release producer price data.Thursday will be led by unemployment figures from South Korea and Malaysia, before Friday brings India's inflation report.Here's what to watch in the week ahead.MONDAY, June 8The week was off to a relatively light, but notable start with Japan's first-quarter GDP growth rate.Japan's economy expanded at an annualized rate of 1.8% in the first quarter, according to final data released by the Cabinet Office. The reading was revised down from the preliminary estimate of 2.1% growth, but exceeded the market consensus forecast for a 1.3% increase, according to Trading Economics.The data comes as attention turns to the Bank of Japan's June 15-16 policy meeting, where policymakers are expected to consider another interest-rate increase. The growth figures are unlikely to derail expectations for further policy tightening.TUESDAY, June 9Data readouts will pick up Tuesday, starting with China's trade figures for May.Economists at ING said they expect China's exports to rise 19.5% year-on year and imports to gain 36.4% for a trade surplus of $86.5 billion. The surplus would be an increase from the $84.8 billion recorded in April, thanks in part to higher tech prices, which are boosting both export and import prices, ING said.Taiwan will similarly report trade figures, with ING expecting the island nation's trade surplus to rise to $15.5 billion from $14.4 billion in April. "Strong export orders from previous months suggest external demand remains robust amid the AI boom," ING said in a preview.Markets will be watching for any revisions to South Korea's first-quarter GDP growth rate when the Bank of Korea releases its final estimate on Tuesday.The central bank's advance estimate indicated that South Korea's real GDP increased 3.6% annually and 1.7% on a quarterly basis.In Australia, a pair of reports will capture business and consumer sentiment, while in the Philippines, unemployment stats will be due.Other key data scheduled for the day include Japan's machine tool orders.WEDNESDAY, June 10China's consumer and producer price inflation will dominate headlines Wednesday.Consumer prices are expected to show an uptick of 1.3% year on year in May from 1.2% a month prior, reflecting higher manufacturers' input and output prices due to the Middle East conflict, the Wall Street Journal reported.Japan will similarly report its May producer prices, with analysts expecting the PPI to accelerate to 5.5% year on year from 4.9% in April, according to a Trading Economics consensus.Indonesia will release its May consumer confidence report on the same day.THURSDAY, June 11Unemployment data from South Korea and Malaysia will be the highlight of the day.According to Trading Economics, South Korea's unemployment rate could remain unchanged at 2.80% in May. The platform similarly forecasted that Malaysia's unemployment would remain steady at 2.90%, a level it has held since November 2025.A forward-looking report on consumer inflation expectations will be due in Australia. According to Trading Economics, consumer inflation expectations could rise to 6.5% for June from the 5.6% estimated in May.Meanwhile, Indonesia will report its retail sales stats for April.FRIDAY, June 12India's May inflation data will be in the news Friday.Economists at ING said they expect consumer prices to pick up to 3.9% year on year from the 3.48% recorded in the month prior due to a rise in gasoline prices. Still, the figure would be below the Reserve Bank of India's 4% target."The key risk to the outlook lies in potential second-round effects on food inflation. Fertiliser shortages, alongside the rising probability of an El Niño event, could exert upward pressure on food prices in the coming months and warrant close monitoring," ING said in a preview.Friday will also feature industrial production reports from Japan, Malaysia, and Hong Kong, with Malaysia additionally reporting its retail sales stats for April.In Thailand, the consumer confidence report for May will be due.On the activity front, the Business NZ manufacturing purchasing managers' index report will be due in New Zealand. CommBank said it expects manufacturing activity in May to stabilize, or even lift somewhat, given a decline in fuel prices over late April and May.The Business NZ PMI previously dropped to 50.5 in April from 52.8 in March.

ASX 200^BSEHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPINikkei 225^NSENifty 50^NZ50^PSEI^SETShanghai Composite^SZSETaiwan Weighted
Asia

South Korean Shares Plunge Amid Over AI-Led Investment Worries, Possible US Fed Rate Hikes

South Korean shares tanked on Monday as investors offloaded stocks amid renewed concerns over the profitability of AI-led investments and fears that the U.S. Federal Reserve could adopt a more hawkish monetary policy stance due to a better-than-expected U.S. jobs report for May.The Korea Composite Stock Price Index or Kospi fell 676.18 points, or 8.3%, to end at 7,484.41. The Kosdaq also decreased by 91.05 points, or 9.1%, to close at 911.39.The Korea Exchange activated a five-minute sell-side sidecar on the country's primary and secondary stock markets on Monday morning as concerns rose over the semiconductor sector, and investor sentiment was dragged down by fears of further interest rate hikes after the U.S.'s better-than-expected jobs data.A sell-side sidecar is activated when the KOSPI200 Futures index or the KOSDAQ150 futures decline 5% or more for at least one minute.In corporate news, SK Group subsidiaries SK Hynix (KRX:000660) and SK Telecom (KRX:017670) unveiled separate partnerships with U.S. chip giant Nvidia to support AI infrastructure expansion and next-generation memory development.Meanwhile, SK Hynix signed a multi-year technology partnership with Nvidia to develop next-generation memory solutions. Shares of SK Hynix fell over 7% at market close.

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Asia

Korea Exchange Halts Kospi, Kosdaq Trading for Five Minutes After Strong Sell-Off

The Korea Exchange activated a five-minute sell-side sidecar on the country's primary and secondary stock market on Monday morning as concerns rose over the semiconductor sector, and investor sentiment was dragged down by fears of further interest rate hikes after the better-than-expected May U.S. jobs report.The Korea Exchange announced the order at 9:34 am after the KOSPI200 Futures shed 81.30 points, or 6.3%, to trade at 1,216.85.The five-minute sell-side sidecar on Kosdaq was activated after the KOSDAQ150 Futures shed 140.60 points, or 7.95%, to trade at 1,625.90.A sell-side sidecar is activated when the KOSPI200 Futures index or the KOSDAQ150 futures decline 5% or more for at least one minute.

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Asia

South Korea's President Lee Proposes Former Naver Chief Han Seong-sook as New Prime Minister

South Korean President Lee Jae Myung has nominated Han Seongsook, the Minister of SMEs and Startups and former chief executive of internet company ​Naver (KRX:035420), as the country's next prime minister, the presidential office said Sunday.If confirmed by parliament, Han would become the country's first female prime minister in two decades, Reuters said in a same-day report.

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Asia

South Korean Shares Open Lower

South Korean stocks opened lower Monday, tracking losses on Wall Street on Friday after a hot U.S. jobs report fueled expectations of further interest rate hikes by the Federal Reserve.Major heavyweight stocks led the decline in early trading, with Samsung Electronics (KRX:005930) declining over 9% and SK Hynix (KRX:000660) falling over 8%.The benchmark Korea Composite Stock Price Index, or Kospi, fell 1.4%, or 112.5 points, to open at 8,048.09. The Kosdaq shed 4.4%, or 42.83 points, to open at 959.61.

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Asia

Export-Import Bank of Korea Files for Singapore Listing of HK$4 Billion Bonds

Export-Import Bank of Korea filed for the listing of HK$4 billion worth of 3.324% bonds due 2029 on the Singapore bourse, according to a filing with the Singapore Exchange on Friday.The bonds will be listed and quoted in the Bonds Market on June 8, the filing added.

KOSPI^STI
Asia

South Korean Shares Plummet as Global Tech Selloff Hits Seoul Chip Giants; Samsung Loses 6%, SK Hynix Falls 9%

South Korean shares plunged at market close on Friday to end the week in red, as investors offloaded key chip stocks following overnight weakness in US semiconductor stocks.Market-moving semiconductor manufacturers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) witnessed losses of over 6% and 9% in their stocks at the end of the trading day.The Korea Composite Stock Price Index or Kospi fell 478.82 points, or 5.5%, to end at 8,160.59. The Kosdaq also decreased by 47.29 points, or 4.5%, to close at 1,002.44.In economic news, South Korea booked a current account surplus of $28.3 billion in April, down from $37.9 billion in March, according to data from the Bank of Korea published Friday.The figure beat analysts' $11.4 billion surplus forecast, according to Trading Economics.In corporate news, TES (KOSDAQ:095610) secured a semiconductor manufacturing equipment contract from chipmaker SK Hynix, the South Korean manufacturer of chips, solar cell, and display equipment.The contract, valued at 21.2 billion won, is valid until Jan. 15, 2027. Its shares closed over 2% higher.

^KOSDAQKOSPIKOSDAQ:095610KRX:000660KRX:005930
Asia

South Korean Shares Open Lower Amid Uncertainty Around US-Iran Peace Deal

South Korean stocks opened lower on Friday as investors adopted a wait-and-see approach amid uncertainty over the U.S.-Iran peace agreement.The benchmark Korea Composite Stock Price Index, or Kospi, fell 3.66%, or 316.21 points, to open at 8,323.2. The Kosdaq shed 14.51 points to open at 1,035.22.Iranian Foreign Minister Abbas Araghchi said earlier this week that "no tangible progress" had been made in the country's negotiations with the U.S. to end the war, according to CBS News.Araghchi said communication with the U.S. was ongoing but warned that any attack by Israel on Lebanon's capital, Beirut, under its campaign against Hezbollah would lead to fresh tensions in the U.S.-Iran conflict.

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International

South Korea's Current Account Surplus Falls in April

South Korea booked a current account surplus of $28.3 billion in April, down from $37.9 billion in March, according to data from the Bank of Korea published Friday.The figure beat analysts' $11.4 billion surplus forecast, according to Trading Economics.The goods account surplus declined to $33.9 billion from $35.7 billion the previous month as exports jumped 54.5% to $90.6 billion.Services account logged a larger deficit of $2.42 billion from $1.31 billion in March.

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Asia

South Korean Shares Close Nearly 2% Lower on Overnight Wall Street Losses, Fresh Middle East Tensions

South Korean shares closed nearly 2% lower on Thursday, after overnight losses on Wall Street and fresh Middle East tensions following the U.S. launching new military attacks on Iran's Qeshm Islands.The Korea Composite Stock Price Index or Kospi fell 162.08 points, or 1.8%, to end at 8,639.41. The Kosdaq increased by 23.7 points, or 2.3%, to close at 1,049.73.In economic news, South Korea's official foreign reserve assets stood at $427.0 billion at the end of May, compared with $427.9 billion in the previous month, according to Bank of Korea data published Thursday.The amount consists of $380.7 billion in securities, $21.4 billion in deposits, $4.4 billion in International Monetary Fund reserve position, $15.8 billion in special drawing rights, and $4.8 billion in gold.In corporate news, medical equipment manufacturer Plasmapp (KOSDAQ:405000) secured a supply contract for U510 and STERI700 sterilizers from Qmed Master Distribution, according to a Thursday filing with the Korea Exchange.The contract, valued at 3.53 billion won, is valid till June 1, 2027.Shares of Plasmapp fell nearly 4% at market close.

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Asia

Market Chatter: South Korea's Ruling Democratic Party Wins Local Elections

South Korea's ruling Democratic ​Party secured the majority of seats in local elections, early vote counting showed on Thursday, Reuters reported the same day.President Lee Jae Myung's party won Busan and led in 12 of 16 mayoral and provincial contests across the country, the report said.Meanwhile, incumbent Oh Se-hoon of the opposition People Power Party (PPP) held a narrow lead in the capital Seoul, where voting disruptions have been reported over a shortage of ballot papers, 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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Japan

South Korean Shares Open Lower on Overnight Wall Street Losses, Fresh US-Iran Tensions

South Korean shares opened sharply lower on Thursday, owing to overnight losses on Wall Street and fresh Middle East tensions after the U.S. launched new military attacks on Iran's Qeshm Islands.The benchmark Korea Composite Stock Price Index, or Kospi, fell 2%, or 177.67 points, to open at 8,623.82. The Kosdaq increased 0.7%, or 6.88 points, to open at 1,032.91.The major U.S. stock indices closed lower on Wednesday, with the Dow Jones Industrial Average declining 1.21%, the S&P 500 falling 0.74%, and the Nasdaq Composite shedding 0.89%.The U.S. military said it tackled multiple Iranian missiles and drone attacks in the Gulf and carried out self-defense strikes on an Iranian military ground control station on Qeshm Island. U.S. forces also shot down three Iranian attack drones that were heading toward civilian mariners in regional waters, according to the U.S. Central Command.

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South Korea's Foreign Reserves Drop to $427 Billion in May as Securities Drag
US Markets

South Korea's Foreign Reserves Drop to $427 Billion in May as Securities Drag

South Korea's official foreign reserves fell slightly to $427.0 billion at the end of May, down by $900 million from $427.9 billion in April, according to data released by the Bank of Korea on Thursday.The decline was driven by a drop in securities holdings, which fell $3.4 billion to $380.7 billion. Securities remain the largest component of the reserve portfolio at 89.2% of the total, covering government bonds, agency bonds, debentures, mortgage-backed securities, and asset-backed securities.Deposits partially offset the decline, rising $2.6 billion to $21.4 billion. Special Drawing Rights held steady at $15.8 billion, while gold and the country's IMF reserve position were little changed at $4.8 billion and $4.4 billion, respectively.South Korea ranked 12th among countries by reserve holdings as of the end of April 2026, the BoK said, citing data from the IMF and relevant central banks. China led with $3.411 trillion, followed by Japan at $1.383 trillion and Switzerland at $1.082 trillion.The reserve data comes as South Korea recently reported a record-high trade surplus in May on the back of a semiconductor boom.Trade surplus reached nearly $27 billion during the month, topping market expectations of $24.3 billion and exceeding April's $23.8 billion.Exports increased 53.2% to $87.8 billion, topping the $80 billion mark for the third straight month, and marking the sharpest pace of expansion since January 1984. It also beat the consensus 48.4% growth forecast of Investing.com.The Bank of Korea recently held its policy rate unchanged at 2.5%. However, BoK Governor Shin Hyun-song signaled tighter policy in the near term."There is a need to raise interest rates at an appropriate time in the future."ING economist Min Joo Kang said in a note last week that "[h]igher GDP and CPI forecasts for 2026 and 2027 reinforce our view that BoK hikes could persist into 2027." ING expects the BoK to tighten its policy in July.

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International

South Korea's Foreign Exchange Reserves Edge Lower in May

South Korea's official foreign reserve assets stood at $427.0 billion at the end of May, compared with $427.9 billion in the previous month, according to Bank of Korea data published Thursday.The amount consists of $380.7 billion in securities, $21.4 billion in deposits, $4.4 billion in International Monetary Fund reserve position, $15.8 billion in special drawing rights, and $4.8 billion in gold.

KOSPI
Asia

Several Asian Countries Face Additional US Tariffs Over Forced-Labor Trade Practices

Several Asian countries could soon face additional duties on some of their exports to the U.S. following Washington's probe into imports produced using forced labor, the Office of U.S. Trade Representative (USTR) said Tuesday.The USTR said Bangladesh, Cambodia, China, Hong Kong, India, Japan, Malaysia, the Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Indonesia, Pakistan, and Vietnam are among the 54 economies that have failed to impose and effectively enforce a forced-labor import ban.The USTR proposed a 10% additional tariff for economies that have partially enforced bans on the importation of certain forced-labor goods and a 12.5% tariff for the rest.

^BSE^HNX^HOSEHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPINikkei 225^NSE^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
International

Taiwan to Impose Temporary Anti-Dumping Duties on Steel Imports from South Korea, China

Taiwan will impose temporary anti-dumping duties on cold-rolled flat non-directional electromagnetic steel imports from South Korea and mainland China after preliminary findings indicated dumping practices had caused harm to the domestic industry, the Ministry of Finance announced Tuesday.To prevent further damage during the ongoing investigation, authorities said temporary anti-dumping duties will be imposed starting June 8 for a period of four months.The preliminary findings cover key exporters from South Korea, including POSCO and affiliated firms, as well as all exporters from mainland China, with duties set at 45.7% to 49.8% for Korean suppliers and 26.4% for Chinese shipments.Officials said the review process will continue under prescribed statutory timelines, with final determinations on dumping and industry injury to follow before a decision on long-term anti-dumping measures is made.

^^SSEC^KOSDAQKOSPI^SZSETaiwan Weighted
Asian Banking Sector Surges Past Automobiles to Lead May Activity Growth, S&P Global Survey Finds
US Markets

Asian Banking Sector Surges Past Automobiles to Lead May Activity Growth, S&P Global Survey Finds

Most Asian business sectors expanded in May, with banking overtaking the automobile industry, according to the S&P Global Asia Sector PMI released on Wednesday.Leading the upturn for the first time in seven months, the banking sector expanded at its second-steepest rate in over five and a half years. The growth follows a previous S&P Global forecast warning that credit losses in the Asia-Pacific banking sector could surge by approximately $180 billion due to the ongoing conflict in the Middle East.The automobile sector, last month's top performer, slipped to second place, though its pace of growth remained historically high.Of the 18 sectors monitored, only forestry and paper products, alongside construction materials, recorded a contraction in new orders; however, these declines were softer than in the previous month. In contrast, the transportation sector posted the strongest surge in new orders, despite looming concerns over U.S.-Iran negotiations.Volatility persists in the energy and oil industries due to the precarious state of U.S.-Iran talks aimed at ending the Middle East conflict."Oil prices received a boost yesterday as talks between the US and Iran appeared to break down -- again. This has become a common pattern in recent months, and there are still plenty of mixed messages," ING'S Warren Patterson and Ewa Manthey said in a Tuesday note. "As a result, oil prices continue to be whipsawed by quickly changing headlines."Operating expenses increased across all 18 sectors. S&P Global highlighted that real estate recorded a renewed rise in input prices, while the chemicals sector posted the sharpest cost inflation rate.All sectors increased their selling prices except for the consumer services sector.

ASX 200^BSE^HNX^HOSEHang Seng^JKSEKOSPINikkei 225^NSENifty 50^SETShanghai Composite^SZSETaiwan Weighted
International

Banking Sector Growth Fastest Among 18 Broader Asian Sectors in May, S&P Data Shows

Banking sector growth was the fastest among the 18 broader Asian sectors in May, with activity expanding at the strongest pace in seven months, S&P Global said in a Wednesday release.Output growth was recorded across 16 of the 18 monitored Asian sectors last month, which was unchanged from April. Only the forestry and paper products, and construction materials sectors incurred declines from April, along with lower new orders received, S&P said.New orders rose across the remaining 16 sectors last month, led by the transportation sector.Employment increased in 10 of 18 sectors, with software & services and technology equipment experiencing the strongest hiring, while insurance witnessed a cutdown in employed staff.

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

S&P Sees Mixed Views on South Korea's Offshore Wind Power Push Given Lack of Returns, Complex Processes

The South Korean government's push for more offshore wind power capacity will receive varying sentiments from producers, S&P Global Ratings said in a Tuesday release.Players may not see ample potential returns from the projects to compensate for the protracted and complicated review processes and associated execution risks, S&P said.The government is looking at offshore wind power to boost energy self-sufficiency and the country's capacity for use cases, including AI data centers, with a goal of a tenfold increase in the capacity by 2030, according to the rating agency.While government-linked entities have committed to the efforts, they have only allotted a small portion of their capital expenditure, S&P credit analyst Ji Cheng said.The analyst expects a minimal credit impact from the measure given the low single-digit percentage of capex allotment to wind power.

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