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The Korea Herald

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IT/기술

Kospi plunges 5% on US chip stock rout

South Korea's benchmark Kospi tumbled more than 5 percent in early trading Friday, tracking a sharp selloff in semiconductor stocks on Wall Street after Broadcom's earnings and outlook disappointed investors. The Kospi opened at 8,323.2, down 3.66 percent from the previous session. Losses deepened shortly after the opening bell, with the index falling to 8,190.25 as of 9:15 a.m., down 5.2 percent on-session. The decline pushed the benchmark below the 8,100 mark during trading. A sell-side sideca

The Korea Herald

중도

정치

Seoul shares open sharply lower on Wall Street losses, renewed Iran tension; won falls

South Korean stocks opened sharply lower Thursday, tracking overnight losses on Wall Street caused by uncertainty over negotiations between the United States and Iran to end their war in the Middle East. After starting 2.02 percent lower, the benchmark Korea Composite Stock Price Index lost 180.03 points, or 2.05 percent, to 8,621.46 as of 9:15 a.m. The Kospi closed at an all-time high of 8,801.49 on Tuesday. The local stock market was closed Wednesday for the election. Overnight, US stocks ende

The Korea Herald

중도

기타

Global hotel booking apps under fire over hidden costs

More than half of consumers who used global accommodation booking platforms reported financial losses, according to a Seoul city government survey released Monday. The survey found that 55 percent of 1,000 respondents who had used overseas lodging platforms within the past three years suffered financial losses when booking accommodations through services including Agoda, Airbnb, Expedia, Booking.com, Trip.com and Hotels.com. The findings come as Seoul seeks stronger oversight of overseas booking

The Korea Herald

중도

경제

Seoul shares open lower, tracking overnight US losses

South Korean stocks opened lower Wednesday as investors tracked overnight losses on Wall Street caused by rising bond yields amid inflation woes. After starting 0.72 percent higher, the benchmark Korea Composite Stock Price Index went down 141.07 points, or 1.94 percent, to 7,130.59 as of 9:15 a.m. Overnight, US stocks extended their decline from recent record highs as rising US Treasury yields and persistent inflation concerns continued to weigh on investor sentiment. The S&P 500 fell 0.7 perce

뉴스

타임라인 키워드

Kospi plunges 5% on US chip stock rout

Seoul shares open sharply lower on Wall Street losses, renewed Iran tension; won falls

Global hotel booking apps under fire over hidden costs

Seoul shares open lower, tracking overnight US losses