Market

  • Asian stocks fall on oil surge; Korea slides as wartime response fails to convince
    Asian stocks fall on oil surge; Korea slides as "wartime" response fails to convince SEOUL, March 26 (AJP) — Asian equities fell across the board Thursday as oil prices hovered near the $100-per-barrel threshold and geopolitical tensions deepened, with Seoul markets brushing off the government’s so-called “wartime” response. Despite tentative talk of an endgame to the Middle East conflict, markets showed little conviction. Risk aversion held firm across the region. Japan’s Nikkei 225 slipped 0.3 percent to 53,603.7, China’s S March 26, 2026
  • Navers counterfeit crackdown lifts seller revenues by 34%, study finds
    Naver's counterfeit crackdown lifts seller revenues by 34%, study finds SEOUL, March 26 (AJP) - Naver's anti-counterfeit measures have driven a 34 percent rise in seller revenues and a 20 percent increase in sales volume on its e-commerce platform, according to research released by the company's user protection and self-regulation committee. The findings, led by Kim Ji-young, a professor at Sungkyunkwan University, drew on transaction data from sellers who cooperated with Naver's counterfeit prevention program. Brands participating in the in March 26, 2026
  • South Korea to buy back $3bn bonds to bolster market
    South Korea to buy back $3bn bonds to bolster market SEOUL, March 26 (AJP) -South Korea will buy back 5 trillion won ($3.3 billion) of sovereign bonds in a rare market intervention to cap a surge in yields that have overshot the policy rate by more than 100 basis points amid the prolonged Middle East conflict. The Ministry of Economy and Finance (MOEF) said Thursday it will conduct the buyback on Friday, targeting Korea Treasury Bonds (KTBs) with maturities ranging from two to 10 years — one of the largest liquidity injections March 26, 2026
  • Rising subprime borrowers face delinquency risk amid fast rate rises in Korea
    Rising subprime borrowers face delinquency risk amid fast rate rises in Korea SEOUL, March 26 (AJP) - A growing pool of overleveraged, subprime borrowers is emerging as a key financial risk in South Korea, with war-driven surge in market and dollar rates amplifying repayment stress. Data released Thursday by the Bank of Korea (BOK) showed the share of “subprime borrowers” — defined by the BOK as individuals with loans from three or more financial institutions, belonging to the bottom 30 percent income bracket and holding low credit rating March 26, 2026
  • KOSPI slips on chip concerns as hopes for Middle East ceasefire lift Asian markets
    KOSPI slips on chip concerns as hopes for Middle East ceasefire lift Asian markets SEOUL, March 26 (AJP) - Asian markets mostly opened higher on Thursday amid growing hopes for a possible ceasefire in the Middle East. In contrast, South Korean stocks fell as semiconductor shares dropped over concerns that Google's "TurboQuant" could reduce demand for memory chips. Earlier investor sentiment improved as signs of possible talks between the U.S. and Iran lifted Wall Street overnight. The Dow Jones Industrial Average rose 0.66 percent to 46,429.49, the S March 26, 2026
  • Asian stocks climb as easing Middle East tensions push oil prices lower
    Asian stocks climb as easing Middle East tensions push oil prices lower SEOUL, March 25 (AJP) - Asian stock markets rose broadly on Wednesday as tensions around the Strait of Hormuz were somewhat eased, pushing oil prices lower, lifting sentiment across the region. The move followed comments from U.S. President Donald Trump the previous day, signaling progress in peace negotiations with Iran, raising expectations for a possible end to the conflict in the Middle East and also reducing fears of disruptions to global energy supplies. Brent crude hovered ne March 25, 2026
  • Koreas relative under-globalized may underpin Korean Inc. strength
    Korea's relative 'under-globalized' may underpin Korean Inc. strength SEOUL, March 25 (AJP) - South Korea’s financial sector may look under-globalized next to the country’s export-driven industrial giants, but that is not necessarily a weakness, former Bank for International Settlements (BIS) General Manager Agustín Carstens said Wednesday. Speaking at the 19th Asia-Pacific Financial Forum (APFF) 2026 in Seoul, Carstens said Korea’s financial system has played a strategically effective role by channeling resources into the March 25, 2026
  • Asian markets open higher on US peace plan for Iran; KOSPI lifted by SK hynixs IPO filing
    Asian markets open higher on US peace plan for Iran; KOSPI lifted by SK hynix's IPO filing SEOUL, March 25 (AJP) - Asian markets opened higher on Wednesday after reports that the U.S. had sent a proposal to Iran to end the conflict in the Middle East, while Israel had reportedly proposed a one-month ceasefire. But amid continuing conflicting signals from Washington and Tehran, U.S. stocks closed lower the previous day, with the Dow Jones Industrial Average down 0.18 percent, while the S&P 500 and Nasdaq fell 0.37 percent and 0.84 percent, respectively, as earlier opti March 25, 2026
  • BOK chief nominees hawkish instincts to face Gulf-driven inflation test
    BOK chief nominee's hawkish instincts to face Gulf-driven inflation test SEOUL, March 24 (AJP) —The choice of former Bank for International Settlements (BIS) economist Shin Hyun-song as the new central bank chief reflects a “firefighting” role against the Gulf War-driven perfect storm South Korea faces, and according to a former BIS colleague, he is best suited for the job. How far and how fast the Bank of Korea governor nominee will translate his hawkish academic stance into policy is now the market’s central question, as Shin March 25, 2026
  • Asian stocks rise on Trump remarks on Iran despite lingering volatility
    Asian stocks rise on Trump remarks on Iran despite lingering volatility SEOUL, March 24 (AJP) - South Korea's KOSPI closed up more than 2 percent on Tuesday, tracking gains across Asian and U.S. markets as investors reacted to U.S. President Donald Trump's remarks delaying potential military action against Iran, despite swirling intraday volatility. The benchmark index rose 148.17 points or 2.74 percent to close at 5,553.92 points. It opened more than 4 percent higher, rose to an intraday high of 5,643, fell to 5,395.2, and later recovered to cl March 24, 2026