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Category South Korea news

KOSPI Rebounds Nearly 4% in Early Trading, Escaping Bear Market Territory

KOSPI Rebounds Nearly 4% in Early Trading, Escaping Bear Market Territory

In Brief KOSPI peaked at 7,539 early Thursday, up nearly 4% from Wednesday's close. The rebound lifts the index back above the 20% bear-market thr...
UBS Told Clients to Sell SK Hynix in One Market and Buy in Another: What is Happening?

UBS Told Clients to Sell SK Hynix in One Market and Buy in Another: What is Happening?

In Brief UBS says SK Hynix's US ADRs will likely trade above its Seoul shares. UBS calls the long-ADR, short-Seoul trade a "no-brainer" from day o...
Samsung Forecast a 19-Fold Profit Jump Today: So Why is Stock Down 6%?

Samsung Forecast a 19-Fold Profit Jump Today: So Why is Stock Down 6%?

In Brief Samsung forecasts a 19-fold profit jump to 89.4 trillion won this quarter. The full earnings report, with a detailed breakdown, isn't due...
SK Hynix Taps US Markets for $29 Billion Amid AI Chip Frenzy

SK Hynix Taps US Markets for $29 Billion Amid AI Chip Frenzy

In Brief SK Hynix will launch its $29 billion Nasdaq listing, selling 17.79 million new shares. The deal is expected to rank second only to SpaceX...
Kospi Opens Over 2% as Samsung and SK Hynix Lead Chip Rally

Kospi Opens Over 2% as Samsung and SK Hynix Lead Chip Rally

In Brief Kospi rose as much as 2.7 percent Monday on a tech-led rebound. Samsung gained up to 4 percent ahead of Tuesday earnings. Nikkei 225 brok...