Market
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Asian shares edge lower ahead of U.S.-Iran talks; Samsung Electro-Mechanics hits record
SEOUL, April 17 (AJP) - Asian markets traded lower Friday as recent rally momentum faded, with investors weighing mixed signals from the Gulf over whether the conflict may begin to wind down through renewed U.S.-Iran talks and separate negotiations between Israel and Lebanon. Japan’s Nikkei 225 fell 0.98 percent to 58,937.04, Hong Kong’s Hang Seng Index lost 0.81 percent to 26,180.23 and China’s Shanghai Composite slipped 0.18 percent to 4,048.38. South Korea&
April 17, 2026
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KOSPI flirts around record highs amid signs of de-escalating Gulf tensions
SEOUL, April 16 (AJP) -Korean stocks extended gains Thursday, with the benchmark KOSPI hovering near a record close on signs of de-escalating Gulf tensions and renewed institutional buying. The KOSPI rose 2.2 percent to close at 6,226.10, a tad below last record finish of 6,307.27 on Feb. 26. Institutions led the advance, purchasing 1.10 trillion won($746.7 million), while foreign investors added 464.4 billion won. Retail investors sold 1.81 trillion won, locking in gains afte
April 16, 2026
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Asian markets rise on hopes for upcoming US–Iran talks as KOSPI stays above 6,000
SEOUL, April 16 (AJP) - Asian markets opened broadly upbeat on Thursday as hopes for a possible end to the conflict in the Middle East started to rise ahead of another round of talks between the U.S. and Iran in Pakistan this month. Japan's Nikkei 225 rose 1.73 percent to 59,139.58. Hong Kong's Hang Seng Index rose 0.73 percent to 26,137.49, and China's Shanghai Composite Index rose 0.17 percent to 4,033.92. South Korea's benchmark KOSPI also extended its gains, r
April 16, 2026
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Foreigners dump over $30 bn KOSPI shares and turn net bond sellers in March
SEOUL, April 16 (AJP) -Foreign investors staged a record monthly sell-off in South Korean equities in March amid risk aversion and concerns over the energy-dependent economy from the outbreak of the conflicts in the Gulf and de-facto blockade of the Strait of Hormuz. According to the Financial Supervisory Service on Thursday, foreigners net sold 43.5 trillion won ($31.8 billion) worth of locally listed shares last month, more than doubling from February’s 19.6 trillion won out
April 16, 2026
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KOSPI recovers above 6,000 for first time since Trump's war in Iran
SEOUL, April 15 (AJP) - South Korea's benchmark KOSPI closed at 6,091.39 on Wednesday, up 2.07 percent from a day earlier, regaining the 6,000 mark for the first time in about 30 trading sessions. The index had last closed above that threshold on Feb. 27, when it was at 6,244.13, just a day before the U.S. and Israel launched joint airstrikes on Iran, throwing the already volatile Middle East region into deeper conflict. The gain was driven by foreign investors, who bought ab
April 15, 2026
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BOK nominee Shin faces intense scrutiny over foreign assets, family issues
SEOUL, April 15 (AJP) — The nominee to head the Bank of Korea (BOK) came under intense scrutiny Wednesday as opposition lawmakers questioned his foreign-denominated wealth and family-related issues, raising concerns over potential conflicts of interest. Lawmakers on the National Assembly’s Finance and Economy Committee focused on nominee Shin Hyun-song’s asset structure, noting that the central bank chief is tasked with stabilizing the Korean won and the housing
April 15, 2026
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Record 34 listed firms post over 1 trillion won in operating profit last year, report finds
SEOUL, April 15 (AJP) - South Korea's top 1,000 listed companies saw their operating profits increase sharply last year, reaching the highest level since 2000, according to a report released by the Korea CXO Institute on Wednesday. Their combined operating profit stood at 189.23 trillion Korean won (about US$126.15 billion), up more than 40 trillion won or 27.7 percent, from 148.28 trillion won a year earlier, as the number of companies posting over 1 trillion won in operating
April 15, 2026
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KOSPI tops 6,100; Asian markets rise on renewed U.S.-Iran talks hopes
SEOUL, April 15 (AJP) - South Korea’s KOSPI climbed above the 6,100 level on Wednesday, as the benchmark index rode easing war concerns to resume its record-breaking rally that had been disrupted by U.S. and Israeli strikes on Iran in late February. The main index rose 2.96 percent to 6,144.26, while the KOSDAQ gained 1.93 percent to 1,143.49 as of 10:29 a.m. Japan’s Nikkei 225 rose 1.15 percent to 58,542.14. Hong Kong’s Hang Seng Index gained 1.00 percent to
April 15, 2026
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KOSPI rises on easing Middle East tensions, but falls short of 6,000 threshold
SEOUL, April 14 (AJP) - The South Korean stock market closed higher on Tuesday, lifted by easing oil prices and signs of diplomatic progress between the U.S. and Iran, though tensions in the Strait of Hormuz kept investors cautious. The country's benchmark KOSPI rose 2.7 percent to close at 5,967.8 after briefly breaking above the 6,000 level in early morning trade. The index repeatedly hovered around the threshold throughout the session but failed to sustain its gains, losing m
April 14, 2026
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War resilience draws Korean retail money home, but sustainability in question
SEOUL, April 14 (AJP) -South Korean equities have shown surprising resilience so far against the backdrop of escalating geopolitical tensions, helping to bring home retail capital previously deployed in U.S. markets. Yet how durable — and how deep — this reshoring trend will prove remains uncertain. “Tax incentives can act as a supporting factor, but not the primary driver,” said Shin Hyun-han, a finance professor at Yonsei University’s School of B
April 14, 2026