(LEAD) Seoul stocks surge more than 1.5 pct on tech gains

the latest tech news, global tech news daily, tech news today, startups, usa tech, asia tech, china tech, eu tech, global tech, in-depth electronics reviews, 24h tech news, 24h tech news, top mobile apps, tech news daily, gaming hardware, big tech news, useful technology tips, expert interviews, reporting on the business of technology, venture capital funding, programing language

(ATTN: ADDS bond yields at bottom, photo, more info in paras 7-8; RECASTS headline )

SEOUL, Feb. 4 (Yonhap) — South Korean stocks climbed more than 1 percent on Friday, extending their winning streak to a third day, on the back of strong U.S. futures and tech gains. The Korean won rose against the U.S. dollar.

the latest tech news, global tech news daily, tech news today, startups, usa tech, asia tech, china tech, eu tech, global tech, in-depth electronics reviews, 24h tech news, 24h tech news, top mobile apps, tech news daily, gaming hardware, big tech news, useful technology tips, expert interviews, reporting on the business of technology, venture capital funding, programing language

After a choppy session, the benchmark Korea Composite Stock Price Index (KOSPI) surged 42.44 points, or 1.57 percent, to close at 2,750.26 points.

(LEAD) Seoul stocks surge more than 1.5 pct on tech gains

Global Tech News Daily

Trading volume was moderate at about 527 million shares worth some 11.1 trillion won (US$9.3 billion), with gainers far outnumbering losers 767 to 122.

Institutions and foreigners bought a net 214.4 billion won and 194.3 billion won, respectively, while retail investors offloaded 414.6 billion won.

Global Tech News Daily

Stocks got off to a bullish start despite overnight losses on Wall Street following the “earning shock” of Facebook’s parent company.

The tech-heavy Nasdaq plunged 3.7 percent amid worries over tightening monetary policy. The Dow Jones Industrial Average dropped 1.5 percent, and the broad-based S&P 500 shed 2.4 percent.

Analysts, however, said U.S. online retailer Amazon.com’s upbeat surprise earnings resulted in positive sentiment among investors.

“Investor sentiment improved following strength in U.S. Nasdaq equity futures, and reopening-related stocks also traded bullish on the possibility of loosening antivirus measures,” Kim Seok-hwan, an analyst at Mirae Asset Securities, said.

Most large caps closed higher in Seoul.

Tech shares were bullish, with market kingpin Samsung Electronics closing 0.95 percent higher to 74,000 won. No. 2 chipmaker SK hynix increased 2.9 percent to 124,000 won to continue a three-day winning streak. LG Energy Solution jumped 5.6 percent to close at 504,000 won.

Internet portal operator Naver moved up 2.18 percent to 327,500 won, and LG Chem inched up 0.15 percent to 678,000 won.

Among losers, top automaker Hyundai Motor went down 0.78 percent to 190,000 won, and leading pharmaceutical firm Samsung Biologics lost 0.38 percent to 769,000 won.

The local currency closed at 1,197 won against the U.S. dollar, up 9.4 won from the previous session’s close.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys added 3.6 basis points to 2.194 percent, and the return on the benchmark five-year government bond was up 4.5 basis points to 2.418 percent.
(END)

News Related

OTHER NEWS

KOSPI 2,707.82 UP 44.48 points (close)

(END) Read more »

Seoul stocks sharply higher late Thur. morning after holiday

SEOUL, Feb. 3 (Yonhap) — South Korean stocks jumped more than 2 percent late Thursday morning, tracking overnight gains on Wall Street that stemmed from robust earnings reports. The benchmark ... Read more »

KOSPI 2,706.34 UP 43.00 points (open)

(END) Read more »

KOSDAQ 887.85 UP 14.98 points (open)

(END) Read more »

Dollar opens at 1,202.0 won DN from 1,205.5 won

(END) Read more »

Buy Heranba Industries; target of Rs 1073: Arihant Capital

Arihant Capital’s research report on Heranba Industries Heranba Industries Ltd. is a crop protection chemical manufacturer, exporter and marketing company. The manufacturing facilities are located in Vapi and at Sarigam ... Read more »

Accumulate Jyothy Labs target of Rs 165: Geojit

Geojit’s research report on Jyothy Labs Jyothy Laboratories Ltd (JLL) is an Indian FMCG player with products across Fabric care, Dishwashing, Mosquito repellents & Personal Care. We revised down our ... Read more »

Buy Britannia Industries; target of Rs 4,050: Emkay

Britannia Industries Q3 sales grew by 13% to Rs35.7bn, exceeding our expectations by 5%, led by 5% volume growth and price increases. EBITDA/PAT declined 12%/18%, in line with estimates, due ... Read more »

Buy Devyani International; target of Rs 210: Emkay

Devyani International (DIL) is the 2 nd largest QSR chain in India after Jubilant FoodWorks. DIL operated 309 KFC and 351 Pizza Hut stores as of Sep’21, or 60% of ... Read more »

Buzzing Stocks | Tata Motors, L&T, Sun Pharma, Britannia and others in news today

Results on January 31: More than 100 companies will release their quarterly earnings on January 31 including Tata Motors, BPCL, HPCL, Indian Oil Corporation, UPL, Sun Pharmaceutical Industries, DLF, Aarti ... Read more »

Accumulate Havells India; target of Rs 1381: Prabhudas Lilladher

Prabhudas Lilladher’s research report on Havells India We change FY22/FY23/FY24 EPS estimate by -2.2%/ -2.3%/ 0.5% given 1) margin pressures due to input cost inflation 2) moderating near term demand ... Read more »

Buy Inox Leisure; target of Rs 486: Prabhudas Lilladher

Prabhudas Lilladher’s research report on Inox Leisure INOL’s operational performance was ahead of our estimates with Ind-AS adjusted EBITDA margin of 16.8% (PLe of 13.4%) aided by strong content (5 ... Read more »

(LEAD) Seoul stocks snap 5-day losing streak ahead of holiday

(ATTN: ADDS bond yields at bottom, photo) SEOUL, Jan. 28 (Yonhap) — South Korean stocks rebounded Friday ahead of a national holiday, ending a five-day losing streak on bargain hunting. ... Read more »

S. Korean Bond Yields on Jan. 28, 2022

Today (%) Previous Session(%) Change (BP) 1-year TB 1.463 1.473 -1.0 2-year TB 2.006 2.024 -1.8 3-year TB 2.189 2.217 -2.8 10-year TB 2.586 2.612 -2.6 2-year MSB 2.012 2.042 ... Read more »

Seoul stocks snap 5-day losing streak ahead of holiday

SEOUL, Jan. 28 (Yonhap) — South Korean stocks rebounded Friday ahead of a national holiday, ending a five-day losing streak on bargain hunting. The Korean won fell against the U.S. ... Read more »

KOSPI 2,663.34 UP 48.85 points (close)

(END) Read more »

KOSDAQ 872.87 UP 23.64 points (close)

(END) Read more »

Dollar ends at 1,205.5 won UP from 1,202.8 won

(END) Read more »

Seoul stocks up late Fri. morning on bottom-fishing

SEOUL, Jan. 28 (Yonhap) — South Korean stocks climbed late Friday morning amid choppy trading, largely as investors sought to buy oversold stocks after the key stock index’s five-day losing ... Read more »

Seoul stocks open higher on bottom-fishing

SEOUL, Jan. 28 (Yonhap) — South Korean stocks opened higher Friday as investors sought to buy oversold stocks after the key stock index’s five-day losing streak. The benchmark Korea Composite ... Read more »

KOSPI 2,617.87 UP 3.38 points (open)

(END) Read more »

KOSDAQ 852.57 UP 3.34 points (open)

(END) Read more »

Dollar opens at 1,205.0 won UP from 1,202.8 won

(END) Read more »

(LEAD) Seoul stocks down for 5th day to hit 14-month low on Fed's hawkish stance, LG Energy crash

(ATTN: ADDS bond yields at bottom, photo) SEOUL, Jan. 27 (Yonhap) — South Korean stocks tumbled more than 3 percent to extend their losing streak to a fifth consecutive day ... Read more »

S. Korean Bond Yields on Jan. 27, 2022

Today (%) Previous Session(%) Change (BP) 1-year TB 1.473 1.455 +1.8 2-year TB 2.024 1.963 +6.1 3-year TB 2.217 2.156 +6.1 10-year TB 2.612 2.573 +3.9 2-year MSB 2.042 1.981 ... Read more »

Seoul stocks down for 5th day to hit 14-month low on Fed's hawkish stance, LG Energy crash

SEOUL, Jan. 27 (Yonhap) — South Korean stocks tumbled more than 3 percent to extend their losing streak to a fifth consecutive day Thursday as investor sentiment was dented by ... Read more »

KOSDAQ 849.23 DN 32.86 points (close)

(END) Read more »

Dollar ends at 1,202.8 won UP from 1,197.7 won

(END) Read more »

KOSPI 2,614.49 DN 94.75 points (close)

(END) Read more »

Seoul stocks sharply down after Fed's rate hike signal

SEOUL, Jan. 27 (Yonhap) — South Korean stocks tumbled almost 3 percent late Thursday morning as investor sentiment was dented by the hawkish stance by the Federal Reserve. The benchmark ... Read more »

Seoul stocks open steeply lower on FOMC results, Russia-Ukraine risk

SEOUL, Jan. 27 (Yonhap) — South Korean stocks opened steeply lower Thursday as investors digest the U.S. central bank’s policy meeting results and the rising tensions between Russia and Ukraine. ... Read more »

KOSPI 2,709.24 EQ 0.00 points (open)

(END) Read more »

KOSDAQ 884.23 UP 2.14 points (open)

(END) Read more »

Dollar opens at 1,201.0 won UP from 1,197.7 won

(END) Read more »

(LEAD) Seoul stocks down for 4th day on Fed uncertainties, virus worries

(ATTN: ADDS bond yields at bottom, photo) SEOUL, Jan. 26 (Yonhap) — South Korean stocks continued to slide, closing at an over one year low Wednesday, with investors’ eyes on ... Read more »

S. Korean Bond Yields on Jan. 26, 2022

Today (%) Previous Session(%) Change (BP) 1-year TB 1.455 1.453 +0.2 2-year TB 1.963 1.960 +0.3 3-year TB 2.156 2.174 -1.8 10-year TB 2.573 2.576 -0.3 2-year MSB 1.981 1.973 ... Read more »

Seoul stocks down for 4th day on Fed uncertainties, virus worries

SEOUL, Jan. 26 (Yonhap) — South Korean stocks continued to slide, closing at an over one year low Wednesday, with investors’ eyes on the ongoing U.S. Federal Reserve’s policy meeting. ... Read more »

Dollar ends at 1,197.7 won DN from 1,198.6 won

(END) Read more »

KOSPI 2,709.24 DN 11.15 points (close)

(END) Read more »

KOSDAQ 882.09 DN 7.35 points (close)

(END) Read more »