KOSPI tops 7,100 as nuclear, construction stocks rally SEOUL, September 08 (AJP) - South Korean KOSPI climbed above 7,100 Tuesday morning as construction and nuclear power shares surged on expectations that Korea might invest in the United States' major power projects. The benchmark KOSPI stood at 7,112.63 as of 10:45 a.m., up 1.7 percent from the previous session. The index rose as high as 7,115.92 after touching an intraday low of 7,018.53. The move took the index firmly above both the 7,000 and 7,100 levels after it closed September 8, 2026

Won gains sharply, Korean bonds end broadly steady SEOUL, September 07 (AJP) - The South Korean won strengthened sharply Monday but gave back part of an early rally, while Korean government bond yields ended broadly steady despite higher global rate expectations. The won strengthened 9.9 won from the previous session to close daytime trading at 1,340.5 per dollar, compared with Friday's 1,350.4. The currency strengthened as far as 1,334.7 earlier in the session. It was its strongest level since Oct. 4, 2024, and the dollar- September 7, 2026

Memory trade lifts Seoul and Tokyo, leaves Shanghai flat SEOUL, September 07 (AJP) - Northeast Asia's stock markets moved Monday in near proportion to how much memory chip exposure each one carries. Seoul's KOSPI jumped 4.6 percent, Tokyo's Nikkei 225 rose 2.1 percent, and the composite index in Shanghai, where banks and oil producers dominate the weighting, finished virtually unchanged. The Korea Composite Stock Price Index, or KOSPI, closed at 6,995.39, its biggest one day gain since August 20 and 4.61 points short of the 7, September 7, 2026

USD/KRW spikes as NPS reportedly halts FX hedging SEOUL, September 07 (AJP) - The South Korean won abruptly reversed direction Monday after testing a near two-year high against the U.S. dollar, following a report that the National Pension Service (NPS) had suspended foreign-exchange hedging activity that helped support the currency during its sharp slide earlier this year. The dollar-won rate jumped to around 1,346 won by 12:30 p.m. after falling into the 1,336 range earlier in the session, reversing by roughly 10 won from its intr September 7, 2026

KOSPI nears 6,900 on chip rally SEOUL, September 07 (AJP) - South Korean KOSPI jumped nearly 3 percent Monday morning as foreign and institutional investors poured money into semiconductor heavyweights on renewed AI euphoria fueled by Nvidia's aggressive investment push. The benchmark KOSPI stood at 6,880.29 as of 10:30 a.m., up 2.9 percent from Friday's close. The index rose as high as 6,923.64, or about 3.5 percent, earlier in the session before pulling back. Its intraday low was 6,867.90. Foreign September 7, 2026

KRW/USD enters 1,330 range for first time in 23 months SEOUL, September 07 (AJP) - The South Korean won climbed to its strongest level against the greenback in nearly 23 months Monday as exporters rush to convert their dollar holdings for fiscal settlement. The USD/KRW exchange rate traded at around 1,335.9 won as of 10 a.m. The pair entered the 1,330 range for the first time since Oct. 4, 2024, when the exchange rate traded between 1,331 and 1,335 won before closing daytime trading at 1,333.7 won. The won's advance stood out September 7, 2026

Seoul faces rising debt burden despite improved debt ratio SEOUL, September 06 (AJP) - South Korea's debt burden is set to grow through 2030, even as its national debt-to-GDP ratio is projected to improve. The country's national debt is forecast to reach 1,734.1 trillion won ($1.28 trillion) by 2030, up from 1,412.8 trillion won this year, according to the Ministry of Planning and Budget's 2026 to 2030 fiscal plan. Of that amount, 1,312.3 trillion won, or 75.7 percent, is expected to be classified as deficit-financing debt, u September 6, 2026

Won closes at 14-month high, bond yields little changed SEOUL, September 04 (AJP) - The South Korean won extended its rally to a 14-month high Friday, while government bonds ended little changed as investors stayed cautious ahead of U.S. employment data. The won strengthened 8.9 won from the previous session to close daytime trading at 1,350.4 per dollar, compared with Thursday's 1,359.3. The currency briefly entered the 1,340 range during the session, its strongest intraday level since early July 2025. Exporter dollar sellin September 4, 2026

Chip windfall finally arrives on the FX front SEOUL, September 04 (AJP) - The South Korean won is looking entirely different from the first half, closing at its strongest level in 14 months Friday as a swelling current-account surplus increasingly offsets heavy overseas equity investment and other capital outflows, giving authorities room to absorb a reported $20 billion in dollars from SK hynix's landmark U.S. share sale without reversing the currency's rally. The dollar fell 8.9 won to close Friday's daytime tra September 4, 2026

Chip stocks lead KOSPI rebound as bank trade unwinds SEOUL, September 04 (AJP) - A signal from the U.S. Federal Reserve unwound a week of rate-driven positioning in Seoul on Friday, pulling money out of the bank stocks that had thrived on surging yields and back into memory chips. The KOSPI closed 1.6 percent higher, adding 107.73 points to 6,687.21 for a second straight gain after Wednesday's near 4 percent collapse. Samsung Electronics rose 2.2 percent to 255,500 won ($189) and SK hynix gained 3.2 percent to 1,647,000 won ( September 4, 2026