[THE INVESTOR] South Korean shares extended gains late morning on June 29 as investors hope for concerted global efforts to shore up markets reeling from the post-Brexit rout. The benchmark Korea Composite Stock Price Index rebounded for three straight sessions to rise 23.54 points, or 1.22 percent, to 1,959.76 as of 11:20 a.m., after shedding 3.38 percent from Thursday to Friday. The local stock market is also buoyed by the government’s fiscal stimulus package worth 20 trillion won (US$17.2 bil

[THE INVESTOR] South Korean shares opened higher on June 29, on the heels of Wall Street gains, with expectations high that policymakers around the globe will take steps to contain market volatility following Brexit concerns. The benchmark Korea Composite Stock Price Index rose 11.13 points, or 0.57 percent, to 1,947.05 in the first 15 minutes of trading.The main index brushed off a 3.38 percent loss on June 23-24 to rebound and gain 0.57 percent on June 27-28.Britain’s decision to exit the EU h

[THE INVESTOR] The euro opened at 1,292.51 won on June 29, down from the previous day’s 1,297.34 won.

[THE INVESTOR] The Japanese yen opened at 1,137.26 won on June 29, down from the previous day’s 1,150.33 won.

[THE INVESTOR] The US dollar opened at 1,166.0 won on June 29, down from the previous day’s 1,171.3 won.

[THE INVESTOR] Investor confidence was restored on June 28 with the market responding positively to the South Korean government’s plan for extra spending in the second half of this year to cushion the economy from internal and external shocks.The benchmark KOSPI edged up 0.49 percent at 1,936.22 on continued institutional buying, after opening with a loss following overnight selloffs on Wall Street. But the Seoul equity index soon headed for an upswing as the Finance Ministry announced that it w

[THE INVESTOR] The US dollar ended at 1,171.3 won on June 28, a slide from the previous day’s closing of 1,182.3 won.

[THE INVESTOR] The Japanese yen ended at 1,150.33 won on June 28, a drop from the previous day’s closing of 1,161.91 won.

[THE INVESTOR] The euro ended at 1,297.34 won on June 28, a decline from the previous day’s closing of 1,304.55.

[THE INVESTOR] South Korean shares bounced back late morning on June 28 as investors were relieved with the stimulus steps of central banks worldwide to contain the fallout from Brexit. The benchmark Korea Composite Stock Price Index rose 1.55 points, or 0.08 percent, to 1,928.40 as of 11:20 a.m., after dropping to an intraday low of 1,907.49. Investor sentiment is also boosted by the Korean government’s plan to draw up a 10 trillion won (US$8.4 billion)supplementary budget, to help cushion the

[THE INVESTOR] South Korean shares opened lower on June 28, tracking overnight losses on Wall Street amid weak investor sentiment. The benchmark Korea Composite Stock Price Index fell 16.59 points, or 0.86 percent, to 1,910.16 in the first 15 minutes of trading.Investors are now waiting for policy action by central banks around the globe to inject liquidity into markets to ease the turmoil caused by Britain’s decision to quit the European Union. Investors have been selling risky assets in the af

[THE INVESTOR] The Japanese yen opened at 1,158.24 won on June 28, down from the previous trading day’s closing of 1,161.91 won.

[THE INVESTOR] The euro opened at 1,301.23 won on June 28, down from the previous trading day’s closing of 1,304.55 won.

[THE INVESTOR] Korean shares closed almost flat on June 27 as investors expect major economies to inject liquidity into the markets to avoid a global financial crisis following the Bexit vote. The Korean won continued to lose ground against the US dollar amid investors’ lingering appetite for safer assets.The benchmark Korea Composite Stock Price Index closed flat at 1,926.85, up 1.61 points, or 0.08 percent, after dropping to an intraday low of 1,900.83 points in the morning trade. Relieved by

[THE INVESTOR] The euro ended at 1,304.55 won on June 27.

[THE INVESTOR] The Japanese yen ended at 1,161,91 won on June 27.

[THE INVESTOR] The US dollar ended at 1,182.3 won on June 27, a rise from the previous trading day’s closing of 1,179.9 won.

[THE INVESTOR] South Korean Prime Minister Hwang Kyo-ahn has confirmed his participation in the World Economic Forum in the northern Chinese city of Tianjin on June 27.He will explain Korea’s “fourth industrial revolution” to world economic leaders. Hwang’s five-day trip kicked off as he arrived in Tianjin on June 26 and held meetings with Chinese leaders. President Xi Jinping and Premier Li Keqiang were included in his agenda. According to the Prime Minister’s Office, Hwang plans to present det

[THE INVESTOR] Britain’s shocking decision to leave the European Union continued to torment Korean shares as they extended losses on June 27. The local currency also suffered an extended loss against the U.S. dollar.The benchmark Korea Composite Stock Price Index fell 14.54 points, or 0.80 percent, to 1,909.27 as of 10:15 a.m. On June 24, global stock markets lost about US$2 trillion in value, with the country’s benchmark index, the KOSPI, plunging 3.09 percent. On the same day, the Dow Jones in

[THE INVESTOR] The euro opened at 1,318.37 won on June 27.