Tech Shares Likely To Boost KOSPI

RTTNews | 819 dni temu
Tech Shares Likely To Boost KOSPI

(RTTNews) - The South Korea stock market has moved higher in five straight sessions, collecting more than 100 points or 4 percent along the way. The KOSPI now rests just above the 2,560-point plateau and it's tipped to extend its gains again on Friday.

The global forecast for the Asian markets is upbeat thanks to easing concerns over inflation and interest rates. The European and U.S. markets were up and the Asian bourses are expected to open in similar fashion.

The KOSPI finished modestly higher on Thursday following mixed performances from the financials, chemicals, technology stocks and oil companies.

For the day, the index added 11.02 points or 0.43 percent to finish at 2,561.66. Volume was 826.7 million shares worth 11.7 trillion won. There were 535 gainers and 330 decliners.

Among the actives, Shinhan Financial added 0.58 percent, while KB Financial collected 0.64 percent, Hana Financial tumbled 1.81 percent, Samsung Electronics perked 0.15 percent, Samsung SDI gained 0.65 percent, LG Electronics increased 0.61 percent, SK Hynix retreated 1.77 percent, Naver dropped 0.81 percent, LG Chem soared 3.48 percent, Lotte Chemical shed 0.71 percent, S-Oil rallied 2.48 percent, SK Innovation slumped 0.78 percent, POSCO tumbled 3.69 percent, SK Telecom advanced 0.94 percent, KEPCO sank 0.75 percent, Hyundai Mobis dipped 0.22 percent, Hyundai Motor rose 0.35 percent and Kia Motors improved 0.58 percent.

The lead from Wall Street is solid as the major averages opened slightly higher on Thursday but accelerated as the day progressed, ending near session highs.

The Dow surged 383.19 points or 1.14 percent to finish at 34,029.69, while the NASDAQ spiked 236.93 points or 1.99 percent to end at 12,166.27 and the S&P 500 jumped54.27 points or 1.33 percent to close at 4,146.22.

The rally on Wall Street came following a report from the Labor Department showing an unexpected decrease in U.S. producer prices in March.

Combined with Wednesday's tamer-than-expected consumer price inflation data, the report helped ease concerns about inflation and the outlook for interest rates.

A separate Labor Department report showed first-time claims for U.S. unemployment benefits rose more than expected last week.

Crude oil prices drifted lower Thursday as weak data and worries about a U.S. recession raised concerns about the outlook for oil demand. West Texas Intermediate Crude oil futures for May slumped $1.10 or 1.3 percent at $82.16 a barrel.

read more
Walmart Recalls 850K Ozark Trail Water Bottles

Walmart Recalls 850K Ozark Trail Water Bottles

Retain giant Walmart Inc. is recalling about 850,000 Ozark Trail 64 oz Stainless Steel Insulated Water Bottles as the lid can suddenly pop off with force, causing injury, according to the U.S. Consumer Product Safety Commission. The recall includes Water Bottles sold under model number 83-662. These silver stainless-steel bottles feature a black one-piece screw-on lid.
RTTNews | 44 minut temu
European Shares Decline As Tariff Worries Return To Haunt

European Shares Decline As Tariff Worries Return To Haunt

European stocks fell on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian imports, starting Aug. 1, in a dramatic escalation of a trade war with the United States' closest ally over the country's alleged role in fentanyl flows.
RTTNews | 1g 50 minut temu
Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian shares ended mostly lower in cautious trade on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20 percent on most trading partners that haven't got letters yet.
RTTNews | 2g 15 minut temu
Yen Retreats Against Majors

Yen Retreats Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 2g 44 minut temu