[THE INVESTOR] South Korean stocks closed lower on Aug. 29, extending their losing streak to a fourth day on concerns that the US may soon raise its key interest rate. The local currency sharply lost ground against the US dollar.The benchmark KOSPI dropped 5.15 points, or 0.25 percent, to 2,032.35. Trade volume came to 314.35 million shares worth 3.80 trillion won (US$3.30 billion), with losers outnumbering gainers 668 to 157.Foreigners net-purchased 83.4 billion won worth of stocks, while insti

[THE INVESTOR] South Korean stocks were slightly lower late morning on Aug. 29, as institutional investors offloaded shares amid indications that the US may soon raise its key interest rate.The benchmark KOSPI shed 10.32 points, or 0.51 percent, to 2,027.18 as of 11:20 a.m. The local currency lost ground against the US dollar.US Federal Reserve Chair Janet Yellen openly said last week that “the case for an increase in the federal funds rate has strengthened in recent months.”Analysts here constr

[THE INVESTOR] South Korean stocks opened slightly lower on Aug. 29, amid indications that the US may raise its key interest rate.The benchmark KOSPI shed 7.85 points, or 0.39 percent, to 2,029.65 in the first 15 minutes of trading.Last week, Federal Reserve leaders hinted at the possibility of an interest-rate hike as early as next month.Market watchers will also closely monitor US job data to be released on Sept. 1 and the results of the G-20 Leaders’ Summit scheduled to open in the eastern Ch

[THE INVESTOR] South Korean shares took a downward slide on Aug. 26, as investors took to the sidelines amid growing concerns over a US rate hike. The local currency, however, saw gains the greenback.The benchmark KOSPI lost 5.42 points, or 0.27 percent, to 2,037.5. Trading volume was slim at 268.85 million shares worth 3.69 trillion won (US$3.31 billion), with losers outnumbering gainers 431 to 367.The index opened sharply lower, tracking overnight losses on Wall Street, partly caused by concer

[THE INVESTOR] South Korean shares had seen a decline of 0.24 percent in late morning trade Aug. 26, as foreign investors continued to sell for a third consecutive session. The benchmark KOSPI lost 4.95 points to 2,037.97 as of 11:20 a.m.The index opened sharply lower following overnight losses on Wall Street. The Dow Jones Industrial Average closed 0.18 percent lower at 18,448.41 on Thursday, with the tech-laden NASDAQ also slipping 0.11 percent to 5,212.20.Foreigners offloaded a net 73.4 billi

[THE INVESTOR] Overnight losses on Wall Street had South Korean shares opening sharply down on Aug. 26.The benchmark KOSPI lost 11.57 points, or 0.57 percent, to 2,031.35 in the first 15 minutes of trading.The drop followed overnight losses on Wall Street. The Dow Jones Industrial Average closed 0.18 percent lower at 18,448.41 on Thursday, with the tech-laden NASDAQ also slipping 0.11 percent to 5,212.20.Most large caps were in negative terrain.Market behemoth Samsung Electronics plunged 1.89 pe

[THE INVESTOR] Continued concern of an US rate hike sent foreigners selling South Korean shares, as they closed slightly down on Aug. 25. The Korean won, however, made up some ground against the US dollar.The benchmark KOSPI lost 0.84 point, or 0.04 percent, to 2,042.92. Trading volume was slim at 274.6 million shares, worth 4.12 trillion won (US$3.69 billion) as investors apparently assumed a wait-and-see mode amid growing concerns over a possible US rate hike in the near future. Losers outnumb

[THE INVESTOR] Shares in South Korea barely moved in late morning trade on Aug. 25, as investors stepped aside due to an apparent lack of leads. The benchmark KOSPI stood at 2,043.98 as of 11:20 a.m., inching up 0.22 point, or 0.01 percent, from the previous session’s close.The index opened slightly lower following overnight losses on Wall Street.The Dow Jones industrial average slipped 0.35 percent to close at 18,481.48, with the tech-heavy NASDAQ plunging 0.81 percent to 5,217.69.Investors wer

[DISCLOSURE] Dong-A Socio Holdings (000640) announced on Aug. 24 that it plans to purchase 3.3 million shares, equivalent to 17.69 percent of total issued shares, of its affiliate ST Pharm (237690) in a takeover bid. The purchase price is 53,690 won (US$47.90) per share and the offering period is from Sept. 13 to Oct. 4. 　The firm added it has placed a bid to qualify as a holdings company.By Jung Min-kyung (mkj1105@heraldcorp.com)

[THE INVESTOR] South Korean shares opened down early on Aug. 25, as investors tend wary of recent dips in global oil prices.The benchmark KOSPI lost 4.45 points, or 0.22 percent, to 2,039.31 in the first 15 minutes of trading.The decline also followed overnight losses on Wall Street.The Dow Jones industrial average slipped 0.35 percent to close at 18,481.48, with the tech-heavy NASDAQ plunging 0.81 percent to 5,217.69.Investors were apparently spooked by an earlier report that US stockpiles of c

[THE INVESTOR] South Korean shares closed slightly lower on Aug. 24, as foreign investors turned to selling amid concerns of a US rate hike and continued decline in global oil prices. The local currency also lost ground against the US dollar.The benchmark KOSPI slipped 6.17 points, or 0.3 percent, to 2,043.76. Trading volume was slim, at 280.2 million shares worth 4.03 trillion won (US$3.59 billion).Gainers outnumbered losers 404 to 388.The index opened slightly up, but later pared earlier gains

[DISCLOSURE] Daewoo Shipbuilding & Marine Engineering (042660) said on Aug. 24 said that its global depository receipts for 30,782,982 common stocks will be delisted from the Luxembourg Stock Exchange. By Jung Min-kyung (mkj1105@heraldcorp.com)

[THE INVESTOR] South Korean shares were down slightly in late morning trading Aug. 24, as foreign and institutional investors sought to profit from early gains.The benchmark KOSPI lost 6.25 points, or 0.3 percent, to 2,043.68 as of 11:20 a.m.The index opened a tad higher following overnight gains on Wall Street, but later pared earlier gains as foreign investors and institutions turned to selling.Market behemoth Samsung Electronics plunged 2.19 percent as investors apparently sought to lock in o

[DISCLOSURE] Samsung C&T (028260) said on Aug. 23 that Societe Algerienne De Production De L’electricite has announced its halt of a 660 billion won (US$588 million) power plant construction project in Mostaganem, Algeria. The deal was inked in 2014 and expires Aug. 5, 2017. Samsung C&T added that it plans to further negotiate with the government-owned electric utility to reach an agreement. By Jung Min-kyung (mkj1105@heraldcorp.com)

[THE INVESTOR] Overnight gains on Wall Street led South Korean shares to open slightly higher Aug. 24.The benchmark KOSPI added 1.44 points, or 0.07 percent, to 2,051.37 in the first 15 minutes of trading.The slight increase followed overnight gains on Wall Street.The Dow Jones industrial average gained 0.1 percent to 18,547.3, with the tech-laden NASDAQ advancing 0.3 percent to 5,260.08.Large caps traded mixed, while market behemoth Samsung Electronics slipped 0.47 percent, one day after climbi

[THE INVESTOR] Samsung Electronics and other tech shares pushed the South Korean market ahead Aug. 23, advancing shares 0.38 percent. The Korean won also recovered much lost ground against the US dollar. The benchmark KOSPI closed at 2,049.93, gaining 7.77 points from the previous session. Trading volume was slim at 355.7 million shares, worth 4.35 trillion won (US$3.9 billion), with losers outnumbering gainers 414 to 388.Market behemoth Samsung Electronics spiked 1.32 percent to a record high o

[DISCLOSURE] JVM (054950) announced Aug. 23 that it has secured a pair of patents on automated pharmaceutical management systems. One is on an automated dispensing system and the other is for a medication canister equipped with an adjustable division block. By Jung Min-kyung (mkj1105@heraldcorp.com)

[THE INVESTOR] Shares on the South Korean market made slight positive gains in late morning trading Aug. 23, led by top cap Samsung Electronics. The benchmark KOSPI gained 4.27 points, or 0.21 percent, to 2,046.43 as of 11:20 a.m.Samsung Electronics spiked 1.32 percent to a record high of 1,687,000 won (US$1,510). The gain came after a 0.6 percent drop in the previous session to 1,665,000 won.Other large caps traded mixed while gains in the auto industry also helped keep the index moving upward.

[DISCLOSURE] Kodi-M (224060) announced Aug. 23 that it plans to issue convertible bonds worth 30 billion won (US$26.8 million) in total and offer them to K-Bio investment association in two phases. The firm will first issue convertible bonds worth 20 billion won at a conversion price of 11,936 won and maturity interest rate of 2 percent. The conversion period is from Oct. 21, 2017 to Sept. 21, 2021, and payment is due Oct. 21. The issuance of convertible bonds worth 10 billion won will follow wi

[THE INVESTOR] South Korean shares started the day slightly up Aug. 23, bouncing back from sharp drops the day before.The benchmark KOSPI gained 3.63 points, or 0.18 percent, to go to 2,045.79 in the first 15 minutes of trading.On Monday, the index lost 14.08 points, or 0.68 percent, to close at 2,042.16.Large caps traded mixed with most tech shares in negative terrain.Market bellwether Samsung Electronics shed 0.12 percent, while global chipmaker SK hynix remained flat at 36,000 won.Top automak