SEOUL, Feb. 4 (Yonhap) — Seoul stocks traded higher late Friday morning, despite overnight losses on Wall Street, but pared part of earlier gains.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 25.24 points, or 0.93 percent, to 2,733.06 as of 11:20 a.m.
U.S. stocks dropped sharply on Thursday as weaker than expected earnings from Facebook’s parent company escalated a selloff across the board. Facebook, a major tech firm, saw its parent company Meta Holdings drop 26 percent.
Tech shares in Seoul were mixed.
Market kingpin Samsung Electronics was up 0.55 percent and chipmaker SK hynix jumped 4.72 percent. Naver, the nation’s top portal operator, climbed 2.34 percent.
Bio shares were trading also bullish, with Samsung BioLogics inching up 0.52 percent and Celltrion inching up 0.64 percent.
The local currency was trading at 1200.5 won against the U.S. dollar, up 5.11 won from the previous session’s close.
(END)
-
Buy EURINR; target of : 85.05 : ICICI Direct
-
Dollar ends at 1,197.0 won DN from 1,206.4 won
-
KOSPI 2,750.26 UP 42.44 points (close)
-
KOSDAQ 902.87 UP 11.27 points (close)
-
KOSPI 2,714.83 UP 7.01 points (open)
-
Dollar opens at 1,202.0 won DN from 1,206.4 won
-
KOSDAQ 888.51 DN 3.09 points (open)
-
Seoul stocks open sharply higher despite Wall Street loss
-
Buy Tech Mahindra; target of Rs 1942: Prabhudas Lilladher
-
Accumulate KEC International; target of Rs 572: Prabhudas Lilladher
-
(LEAD) Seoul stocks make strong advance after holiday
-
S. Korean Bond Yields on Feb. 3, 2022
-
Dollar ends at 1,206.4 won UP from 1,205.5 won
-
KOSDAQ 891.60 UP 18.73 points (close)
OTHER NEWS
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
(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 »
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, 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 »
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, 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 »
(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 »
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, 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 »
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, 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 »
(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 »
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, 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 »