Market

  • Koreas FX reserves recede by near $3 billion Dec amid won defense efforts
    Korea's FX reserves recede by near $3 billion Dec amid won defense efforts FX rates displayed at a currency exchange shop in Seoul’s Myeong-dong on Jan. 5, 2026. AJP You Na-hyun SEOUL, January 06 (AJP) -South Korea’s foreign exchange reserves fell by $2.6 billion in December from the previous month — the first decline in seven months — signaling stepped-up dollar-selling intervention to shore up the won, which had hovered near crisis-era lows. According to a report released Tuesday by the Bank of Korea, the country’s foreign ex January 6, 2026
  • Asian markets surge to record highs as CES week kicks off
    Asian markets surge to record highs as CES week kicks off SEOUL, January 05 (AJP) - Asian equity markets rallied in a synchronized surge on Monday as investor focus shifted to major technology players ahead of the Consumer Electronics Show (CES) 2026 in Las Vegas. Benchmarks in Seoul and Taipei led the advance, with both markets scaling fresh record highs. South Korea’s benchmark KOSPI jumped 3.43 percent to close at 4,457.52, marking its sharpest daily gain this year and pushing the index to the doorstep of the 4,500 level after s January 5, 2026
  • HOT STOCK: Hopes of China K-pop ban easing fizzle, sending shares lower
    HOT STOCK: Hopes of China K-pop ban easing fizzle, sending shares lower SEOUL, January 05 (AJP) -South Korea’s K-pop sector retreated Monday as high expectations for an easing of China’s long-standing de facto ban on Korean entertainment though the momentum of President Lee Jae Myung’s state visit to Beijing fizzled out. Shares that had rallied on optimism over renewed access to the Chinese market reversed sharply. HYBE fell 2.5 percent, JYP Entertainment slid 6.2 percent, and YG Entertainment dropped 7.5 percent. SM Entertainment p January 5, 2026
  • US surprise armed intervention in Venezuela renews flight to safe-haven assets
    US surprise armed intervention in Venezuela renews flight to safe-haven assets SEOUL, January 05 (AJP) - The United States’ surprise armed intervention in Venezuela is sending shockwaves through global markets, rekindling demand for traditional safe-haven assets as investors reassess geopolitical risk. The overnight operation targeting Venezuela’s leadership — followed by U.S. President Donald Trump publicly touting it as an “incredible thing” that could be repeated because “nobody can stop us” — has raised fea January 5, 2026
  • HOT STOCK: Doosan Enerbility jumps over 10% on AI-driven power demand
    HOT STOCK: Doosan Enerbility jumps over 10% on AI-driven power demand SEOUL, January 05 (AJP) - Shares of Doosan Enerbility surged more than 10 percent on Monday, buoyed by a string of major orders spanning offshore wind and nuclear power, as rising electricity demand in the AI era fuels investor optimism toward power infrastructure plays. The stock ended at 83,200 won, up 10.64 percent. Trading volume topped 12 million shares, well above recent averages, reflecting heightened investor interest. The shares have risen more than fourfold from their cl January 5, 2026
  • Korean and Japanese shares roar ahead into 2026s first full week
    Korean and Japanese shares roar ahead into 2026's first full week SEOUL, January 05 (AJP) -South Korean and Japanese equities surged into the first full trading week of 2026, outpacing most Asian peers as investors rotated into large-cap exporters and technology stocks, while regional markets elsewhere remained cautious amid uncertainty stemming from recent upheaval in Venezuela. In Seoul, the benchmark KOSPI climbed 1.9 percent to 4,393.5 points as of 10:20 a.m. Monday. The tech-heavy KOSDAQ added 0.6 percent to 950.98. Overall market gains w January 5, 2026
  • Foreign stock ownership in Korean stocks highest in nearly 6 years
    Foreign stock ownership in Korean stocks highest in nearly 6 years SEOUL, January 04 (AJP) -Foreign ownership of South Korean stocks climbed to its highest level in nearly six years by the end of December 2025, as global investors doubled down on an AI-driven memory-chip boom led by Samsung Electronics and SK hynix, while bond inflows accelerated ahead of South Korea’s inclusion in a major global sovereign bond index. According to the Korea Center for International Finance (KCIF) on Sunday, foreign ownership accounted for 32.9 percent of Korea’ January 4, 2026
  • KOSPI opens 2026 on buoyant note, hits fresh milestone
    KOSPI opens 2026 on buoyant note, hits fresh milestone SEOUL, January 02 (AJP) - South Korean stocks roared into 2026, extending last year’s standout rally, while most Asian markets opened the year on a subdued footing. In Seoul, the benchmark KOSPI jumped 2.3 percent to close at a fresh all-time high of 4,309.63, while the tech-heavy KOSDAQ climbed 2.2 percent to 945.57. Investor sentiment was buoyed by record-high semiconductor exports. Shipments surged 22.2 percent from a year earlier in December to $17.34 billion, setting a January 2, 2026
  • Chinas silver export curb adds cost pressure on Korea tech activities
    China's silver export curb adds cost pressure on Korea' tech activities SEOUL, January 02 (AJP) - China’s move to tighten controls on silver exports is set to add fresh cost pressure on South Korean industries heavily reliant on the precious metal, at a time when prices are already surging on strong demand from high-tech and clean-energy sectors. From Jan. 1, exporters in China must obtain government approval to ship silver overseas, after Beijing added the metal to its “2026 List of Goods Subject to Export Licensing Administration.” January 2, 2026
  • KOSPI kicks off new year while most Asian markets stay closed
    KOSPI kicks off new year while most Asian markets stay closed SEOUL, January 2 (AJP) - Most Asian bourses remained closed for New Year celebrations on Friday, while South Korea's stock market opened an hour later than usual, amid expectations of reaching a new all-time high for the year. With Taiwan's TAIEX and Hong Kong's Hang Seng Index open, South Korea's benchmark KOSPI opened higher, up 0.57 percent at 4,238. Having already surpassed its previous intraday peak, attention now turns to whether it can close above its record h January 2, 2026