SpaceX debut drains capital from South Korea as KOSPI falls for 2nd day SEOUL, June 11 (AJP) - South Korea's benchmark KOSPI opened about 4 percent lower on Thursday, falling for a second straight session as foreign investors pulled money out ahead of SpaceX's record Nasdaq listing slated for Friday. The index dropped 316.2 points to 7,414.6 within minutes of morning trading, pulling further away from the 8,000 level it had only reclaimed days earlier. Investors see the world's largest-ever IPO acting as a magnet for global capital, drawi June 11, 2026

Risks remain for South Korea's historic stock market rally, expert warns SEOUL, June 10 (AJP) - South Korea's stock market has seen one of the fastest rallies in modern history, driven initially by major governance reforms that helped boost long-undervalued South Korean stocks. Many economists now say the rally will only last if the country strengthens institutions, encourages greater corporate innovation, and expands its economy beyond semiconductors. Similar remarks were made by Kim Sei-wan, president of the Korea Capital Market Institute during June 10, 2026

Korea's defense of won falls short against foreign capital exodus SEOUL, June 10 (AJP) - South Korean authorities this year have been employing every tool in the playbook to bolster the Korean won, dangerously flirting around post-2008 crisis levels — from a $65 billion FX swap arrangement with the National Pension Service and suspected smoothing operations to a rare joint probe into foreign exchange activities at major banks. But so far, all have proved of little avail. Each measure has offered short-term relief, only to wear off with every June 10, 2026

KOSPI back in downward spiral and foreign capital exits Asia ahead of SpaceX debut SEOUL, June 10 (AJP) - South Korea's main KOSPI extended a volatile week, losing 4.5 percent Wednesday to a finish under 8,000 as renewed U.S. military strikes on Iran and looming blockbuster debut of SpaceX triggered a broad exit by foreign and local institutions. The selling was led by foreign investors, who dumped a net 2.77 trillion won of Korean shares, the heaviest single-day foreign outflow of this entire turbulent stretch, with institutions selling another 2.27 trillion June 10, 2026

SpaceX debut threatens to siphon capital from Korea's chip rally SEOUL, June 10 (AJP) - Elon Musk's SpaceX is emerging as an unexpected headwind for South Korea's semiconductor-driven stock rally as global investors reposition portfolios ahead of the company's blockbuster Nasdaq debut on Friday. The world's largest-ever initial public offering is expected to begin trading after attracting more than $250 billion in investor demand for an offering seeking to raise about $75 billion at a valuation nearing $1.8 trillion, according to June 10, 2026

U.S.-Iran tensions and SpaceX debut weigh on Asia, drag KOSPI below 8,000 SEOUL, June 10 (AJP) - The volatile Seoul market gave ground Wednesday, surrendering part of the previous session's explosive gains as investors locked in profits while renewed military clashes between the United States and Iran rattled global markets. As of 10:33 a.m., the benchmark KOSPI was down 2.80 percent at 7,870.03, extending losses after slipping below the 8,000-point mark earlier in the session. The junior KOSDAQ edged up 0.27 percent to 970.38. The Korean won als June 10, 2026

Won gains on NPS hedge; bonds rebound SEOUL, June 09 (AJP) - The South Korean won extended its gains for a second straight day Tuesday after foreign exchange authorities formalized currency hedging measures for the National Pension Service (NPS). The bond market also rebounded for the first time in four sessions, helped by bargain-hunting and reports that the Bank of Japan (BOJ) may keep its government bond purchases at current levels. In the Seoul foreign exchange market, the won closed at 1,512.1 per dollar, up 22.9 w June 9, 2026

KOSPI recoups most of Black Monday losses with volatility at all-time high SEOUL, June 09 (AJP) -South Korean stocks recouped most of Monday's historic losses in a dramatic rebound Tuesday, underscoring the extreme volatility that has made the local market one of Asia's most turbulent trading venues. The benchmark KOSPI surged 8.18 percent to close at 8,096.93, recovering nearly all of the previous session's 8.29 percent plunge. The tech-heavy KOSDAQ also rebounded sharply, rising 6.19 percent to 967.81. The violent swing pushed South Korea& June 9, 2026

Korean markets quickly recoup Black Monday losses, key indexes up over 7% SEOUL, June 09 (AJP) - Korea's stock bourses roared back more than 7 percent Tuesday afternoon to retrace most of the circuit-breaker crash that had gutted it a day earlier, as a chip rally quickly resumed after the upgraded first-quarter GDP data confirmed chip-related activities more than fended the economy from external shocks. The KOSPI surged 7.4 percent to climb back above 8,000. while smaller KOSDAQ also jumped 7 percent to 977.57 as of 2:00 p.m. SK hynix led the charg June 9, 2026

KOSPI claws back about half of Monday's rout on retail buying SEOUL, June 09 (AJP) -South Korea's benchmark KOSPI rebounded nearly 4 percent at the opening bell Tuesday as retail investors rushed in to buy stocks battered in the previous session's 8 percent selloff. The buying centered on the country's memory-chip giants. SK hynix jumped 6.2 percent to 2,030,000 won ($1,326.2) after sliding nearly 8 percent a day earlier, while Samsung Electronics rose 4.0 percent to 307,250 won following a roughly 10 percent plunge. The KOSPI was June 9, 2026