KOSPI reverses losses as Samsung, SK hynix buybacks lift sentiment
7 Articles
7 Articles
(Seoul = Yonhap News) Reporter Kim Yu-ah = The shock of the head of the U.S. Federal Reserve (Fed) once again hinting at the possibility of raising the benchmark interest rate last week has... domestically and internationally ...
The KOSPI index, which started with a sharp decline due to concerns over a U.S. interest rate hike, closed higher. It appears that investor sentiment across the stock market was boosted as Samsung Electronics and SK Hynix began buying back their own shares to utilize for shareholder returns. On the 31st, the KOSPI index finished trading at 6,820.02, up 31.14 points (0.46%) from the previous trading day. The KOSPI index fell 175.30 points (2.58%)…
Market Rises 0.46% After Recovering from 3.5% Slump Amid Interest Rate and Middle East Boom
‘Major Reversal’ After Intraday Plunge of 3.5%… Samsung Electronics and SK Hynix Saved KOSPI [Digital Daily Reporter Kang Ki-hoon] The KOSPI index plunged more than 3.5% during intraday trading but closed higher, driven by a rebound in large-cap semiconductor stocks. Although it fell to the 6,500 level due to concerns over the Jackson Hole meeting and military conflict between the U.S. and Iran, Samsung Electronics and SK Hynix turned upward in…
The won/dollar exchange rate and KOSPI indices are displayed on an electronic display board in the dealing room of Hana Bank's headquarters in Jung-gu, Seoul, on the afternoon of the 31st. (Yonhap) On August 31, the domestic stock market closed with a dramatic counterattack, showing strong rebound momentum late in the session after overcoming an early plunge of over 3% driven by concerns over U.S. interest rate pressures and the global semicond…
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