South Korean market regulators stepped in on Monday after a sharp early decline triggered a temporary halt on program-based sell orders. The action came after futures linked to the Kospi 200 dropped more than 5%, activating a market safety mechanism known as a “sidecar” for the first time since April. The Kospi had fallen more…
The world-beating rally in South Korean stocks is poised to extend as the nation presses ahead with efforts to improve shareholder returns and lure global capital, according to Jeong Eun Bo, chief executive officer at the Korea Exchange. Jeong’s optimistic view comes as the benchmark Kospi is just about 2% away from the once-distant 5,000…
KOSPI rises, foreigners net buyers Korean won strengthens against dollar South Korea benchmark bond yield falls SEOUL, – Round-up of South Korean financial markets: ** South Korean shares rose on Monday to their highest levels in nearly two months, as chipmakers jumped on demand optimism. ** The benchmark KOSPI was up 65.37 points, or 1.58%,…
