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Wed, November 13, 2019 | 10:49
Investors flock to gold, silver amid growing market uncertainties
Investors flock to gold, silver amid growing market uncertainties
The sales of gold and silver bars have been on a continued increase over the past few months as investors favor safe assets amid escalating uncertainties fueled by the U.S.-China trade dispute and Japan's export restriction measures.
2019-08-11 17:04
  • Korean won tipped to face further decline after 5% dip
Korean won tipped to face further decline after 5% dip
Korean won tipped to face further decline after 5% dip
South Korea's local currency has dropped by one of the fastest rates in the world against the U.S. dollar but may further decline on apparently growing demand for safer assets, data showed Sunday. The Korean won closed at 1,214.90 won against the greenback Thursday, down 5 percent from 1,154.70 won a month earlier, according to the Bank of Korea (BOK).
2019-08-11 11:07
  • Investors flock to gold, silver amid growing market uncertainties
Bitcoin prices soar on deepening US-China feud
Bitcoin prices soar on deepening US-China feud
Prices of cryptocurrencies have continued on an upward trajectory both at home and abroad amid growing uncertainties caused by U.S.-China trade dispute developing into a full-fledged currency war. Bitcoin prices have topped the 14 million won ($11,560) level in Korea, the nation's largest crypto exchange Bithumb said Thursday. The global bitcoin price is also nearing the $12,...
2019-08-08 16:35
Why is Kosdaq market in panic mode?
Why is Kosdaq market in panic mode?
Investors' sell-off rush crashed the secondary Kosdaq by over 7 percent to below the 570-point level Monday. This was the sharpest drop in eight years.
2019-08-07 17:09
Won likely to continue losing value to dollar
Won likely to continue losing value to dollar
The Korean won is expected to continue to lose value against the U.S. dollar for the time being amid a mixture of fresh and existing negative developments triggered by global trade disputes, market analysts said Tuesday. The U.S. designated China as a currency manipulator on Monday (local time), a decision that followed what the United States considers to be deliberate inacti...
2019-08-06 17:58
Korean won dips further amid looming currency war
Korean won dips further amid looming currency war
The South Korean won continued to sink to new lows against the U.S. dollar Tuesday amid escalating trade tensions between the world's two largest economies that now appear to be set to include a currency war. After opening at 1,220.00 won, the local currency was changing hands at 1,217.45 won with the U.S. dollar as of 9:37 a.m., down 2.15 won from the previous session's clos...
2019-08-06 10:03
  • Korea to take steps to stem market volatility
Feud jolts markets in Seoul, Tokyo
Feud jolts markets in Seoul, Tokyo
Seoul stocks crashed to their lowest in two years and nine months while the won-dollar exchange rate surged above the 1,200 won level for the first time in two years and seven months on Monday.
2019-08-05 17:16
NPS urged to stop investments in Japan
NPS urged to stop investments in Japan
Calls have been growing for the Korean government to restrain the National Pension Service (NPS) from investing in Japan, as the tension between the two countries has escalated since Japan's export controls.
2019-08-05 15:39
Kosdaq suspended as index plunges
Program trading was halted for five minutes starting at 2:09 p.m. after the Kosdaq index slipped more than 6 percent, the Korea Exchange said in a statement.
2019-08-05 14:37
  • Korean won plunges to 3-year low amid diplomatic row with Japan
Korean won plunges to 3-year low amid diplomatic row with Japan
Korean won plunges to 3-year low amid diplomatic row with Japan
After opening at 1,203.60, the local currency expanded its loss against the dollar on news that the Chinese yuan fell to the lowest point in a decade against the greenback on growing worries that the world's two largest economies' sparring over trade may continue longer than expected. At one point, the won fell to as low as 1,218.30 won to the dollar, but began to stabilize s...
2019-08-05 14:32
  • Kosdaq suspended as index plunges
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