KOSPI reverses losses as Samsung, SK hynix buybacks lift sentiment
5 Articles
5 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 ...
KOSPI reverses losses as Samsung, SK hynix buybacks lift sentiment
The benchmark KOSPI rebounded from a steep opening drop to close higher, Monday, as share buybacks by Samsung Electronics and SK hynix lifted the index amid concerns over a potential U.S. interest rate hike in September. The won continued to strengthen, closing in the 1,360-won range against the dollar for the first time in 13 months. The KOSPI closed at 6,820.02, up 0.46 percent from the previous session. The index opened 2.58 percent lower but…
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%)…
‘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…
KOSPI closes at 6,820.02, up 31.14 points (0.
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