Market
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HOT STOCK: Hyundai Motor jumps over 4% early Tuesday on robotics timeline
SEOUL, January 6 (AJP) - Shares of Hyundai Motor surged in early trading Tuesday, as investors cheered the company's newly unveiled AI and robotics roadmap at CES 2026, fueling optimism that growth engines beyond its core automotive business are taking clearer shape. As of 9:14 a.m., Hyundai Motor was trading at 317,500 won(US$235), up 13,000 won, or 4.27 percent, from the previous close of 304,500 won. The stock briefly climbed as high as 330,000 won before paring gains amid br
January 6, 2026
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KOSPI takes breather while Asian markets stay broadly strong
SEOUL, January 06 (AJP) - South Korean stocks took a pause on Tuesday after a relentless rally since year-end, while broader Asian markets largely maintained upward momentum following overnight gains on Wall Street, despite lingering geopolitical jitters tied to Venezuela. In Seoul, the benchmark KOSPI edged down 0.1 percent to 4,451.94 as of 11:00 a.m., as institutional investors locked in profits after the index recently scaled fresh record highs. The tech-heavy KOSDAQ also slip
January 6, 2026
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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
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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
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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
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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
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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
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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
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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
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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