Market

  • HOT STOCK: Fords EV retreat delivers 10% blow to LG Energy Solution
    HOT STOCK: Ford's EV retreat delivers 10% blow to LG Energy Solution SEOUL, December 18 (AJP) -Shares of South Korea’s top battery maker LG Energy Solution have fallen more than 10 percent over the past week after Ford Motor announced it was withdrawing several electric-vehicle models amid changing market conditions. The move triggered the cancellation of a long-term battery supply agreement with LG Energy Solution valued at 9.6 trillion won ($6.5 billion). Shares of LG Energy Solution — the third-largest stock on the KOSPI by market ca December 18, 2025
  • Asian stocks edge higher ahead of BOJ rate decision
    Asian stocks edge higher ahead of BOJ rate decision SEOUL, December 17 (AJP) - Asian equities closed modestly higher on Wednesday, with South Korean stocks rebounding as heavyweight chipmakers led gains, while investors across the region remained cautious ahead of the Bank of Japan’s policy meeting later this week. In Seoul, the benchmark KOSPI rose 1.4 percent to 4,056.41, recovering above the 4,000 mark after two consecutive sessions of losses. The tech-heavy KOSDAQ slipped 0.6 percent to 911.07. Samsung Electronics jumped December 17, 2025
  • USD-KRW tests 1,480 on capital outflows amid Japan rate-hike fears
    USD-KRW tests 1,480 on capital outflows amid Japan rate-hike fears SEOUL, December 17 (AJP) - The South Korean won fell past the 1,480 mark against the U.S. dollar on Wednesday, defying a broadly weaker greenback as fears of capital outflows resurfaced on expectations of a rate hike by the Bank of Japan. The dollar index slipped 0.16 points to 97.79 following higher-than-expected U.S. jobless data. Yet the won weakened sharply, underscoring its vulnerability to shifts in global capital flows rather than dollar strength alone. Institutions came December 17, 2025
  • Asian markets mixed as investors weigh U.S. jobs data, await ECB and BOJ decisions
    Asian markets mixed as investors weigh U.S. jobs data, await ECB and BOJ decisions SEOUL, December 17 (AJP) - Asian equity markets traded mixed in early Tuesday session, digesting overnight U.S. employment data while bracing for imminent rate decisions in Europe and Japan. In the United States, nonfarm payrolls rose more than expected, but the unemployment rate also came in higher than forecasts, adding uncertainty over the strength and trajectory of the U.S. economy. Investors are now focused on the European Central Bank’s policy decision on Thursday and December 17, 2025
  • Member-heavy KOSDAQ limps as KOSPI flies on thin venture financing
    Member-heavy KOSDAQ limps as KOSPI flies on thin venture financing SEOUL, December 16 (AJP) - There is a Korean saying that the younger is better than the elder. That adage hardly applies to the KOSDAQ, which has struggled to outperform its bigger sibling, the KOSPI, even with a steady stream of government stimulus measures. The “younger brother” showed a brief revival in the final two months of the year as foreign investors returned. Overseas investors bought a net 128.7 billion won ($93 million) worth of KOSDAQ shares as of last wee December 16, 2025
  • South Korea leads Asian market losses ahead of BOJ, ECB meetings
    South Korea leads Asian market losses ahead of BOJ, ECB meetings SEOUL, December 16 (AJP) - Asian stock markets closed lower on Tuesday as skepticism over artificial intelligence valuations spread from Wall Street and investors braced for key interest rate decisions from the Bank of Japan (BOJ) and the European Central Bank (ECB). South Korean equities posted the steepest losses in the region. The benchmark KOSPI index tumbled 2.24 percent to 3,999.13, while the tech-heavy KOSDAQ fell 2.42 percent to 916.11. Foreign investors were net seller December 16, 2025
  • Koreas M2 growth quickens to 8.7% in Oct; BOK rejects FX link
    Korea's M2 growth quickens to 8.7% in Oct; BOK rejects FX link SEOUL, December 16 (AJP) -South Korea’s broad money supply (M2) has remained in the 8-percent growth range since August and accelerated further to 8.7 percent in October, the Bank of Korea said Tuesday, while pushing back against claims that the liquidity increase is driving the won’s weakness. According to the central bank’s monetary aggregates report, the average M2 balance stood at 4,471.6 trillion won in October, up 0.9 percent from the previous month and 8.7 percent fr December 16, 2025
  • Asian markets weaken early Tuesday as AI jitters and rate decisions loom
    Asian markets weaken early Tuesday as AI jitters and rate decisions loom SEOUL, December 16 (AJP) - Asian equities opened Tuesday broadly lower, tracking subdued U.S. market sentiment as lingering concerns over AI valuations and looming interest-rate decisions by European and Japanese central banks weighed on risk appetite. In Seoul, the KOSPI fell 1.5 percent to 4,028 as of 10:30 a.m., extending losses for a second straight session after dropping 1.8 percent on Monday. Institutional investors were net sellers of 223 billion won ($151 million), whil December 16, 2025
  • Seoul FX authorities extend $65 bn currency swap with NPS
    Seoul FX authorities extend $65 bn currency swap with NPS SEOUL, December 16 (AJP) -South Korea’s foreign exchange authorities have agreed to extend a $65 billion currency swap arrangement with the National Pension Service (NPS) through the end of 2026, as policymakers step up efforts to stabilize the won amid rising overseas investment flows and renewed market volatility. The Ministry of Economy and Finance and the Bank of Korea (BOK) in a joint statement on Monday said that the extension will help "absorb the pension fund December 16, 2025
  • Korea Zinc strikes strategic alliance with US for $7.4 smelter project
    Korea Zinc strikes strategic alliance with US for $7.4 smelter project SEOUL, December 16 (AJP) -Korea Zinc has struck a strategic alliance with the U.S. government, including defense authorities, to build a $7.4 billion critical-minerals smelter—supporting Washington’s effort to cut reliance on China while shoring up its own defenses against a hostile takeover at home. The world’s largest non-ferrous metal smelter is deepening its alignment with Washington through a large-scale U.S. expansion that places it at the center of Americ December 16, 2025