Latest news with #KOSPI200
Bloomberg
6 days ago
- Business
- Bloomberg
South Korean Bourse Wants to Add More Weekly Index Options
South Korea's main stock exchange is preparing to launch a range of short-term derivatives, joining other Asian bourses in expanding the offering of such instruments. The Korea Stock Exchange plans to introduce weekly options expiring every weekday on the benchmark Kospi 200 Index as well as weeklies with Monday and Thursday expiries for the Kosdaq 150 Index of small-cap companies, according to people familiar with the matter, who asked not to be identified discussing private information. It also intends to offer dividend futures tied to the Kospi 200, the people said.
Korea Herald
07-04-2025
- Automotive
- Korea Herald
Seoul shares open sharply lower amid escalating trade war sparked by Trump tariffs
South Korean stocks started sharply lower Monday amid growing fears of a global trade war triggered by US President Donald Trump's tariff plans and China's countermeasures. The benchmark Korea Composite Stock Price Index lost 103.56 points, or 4.2 percent, to 2,361.86 in the first 15 minutes of trading. With the steep drop, the bourse operator issued a sidecar order at 9:12 a.m., halting program purchasing for five minutes, after the KOSPI 200 index shed over 5 percent for more than 1 minute. It was the first sidecar order for program buying since August 2024. Investors scurried to unload stocks as fears of a recession grew after the Trump administration's announcement of reciprocal tariffs last week led to China's retaliation that included additional 34 percent tariffs on US goods. Wall Street saw its worst week since the COVID-19 pandemic, with the S&P 500 plunging 6 percent Friday, while the Dow Jones Industrial Average plummeted 5.5 percent and the tech-heavy Nasdaq composite lost 5.8 percent. In Seoul, major stocks were sliding. Market bellwether Samsung Electronics fell 3.74 percent and its chipmaking rival SK hynix slumped 5.43 percent. Top carmaker Hyundai Motor sank 4.74 percent, and major defense firm Hanwha Aerospace slipped 5.56 percent. Leading shipbuilders Hanwha Ocean and HD Hyundai Heavy shot down 6.06 percent and 4.5 percent, respectively. Financial shares also sharply went down, with KB Financial dipping 6.18 percent and Shinhan Financial losing 4.78 percent. The local currency was trading at 1,467.2 won against the US dollar at 9:15 a.m., down 33.1 won from the previous session. (Yonhap)
Korea Herald
19-03-2025
- Business
- Korea Herald
Illegal short selling detection system to help regain market confidence: watchdog chief
The chief of South Korea's financial watchdog said Wednesday that a system to detect illegal short selling will help regain market confidence as the country is set to lift its temporary ban on the stock trading practice at the end of this month. In a ceremony to demonstrate the monitoring system, Lee Bok-hyun, governor of the Financial Supervisory Service, also said his agency and the stock market operator will redouble efforts to advance the country's financial market by making access by foreign investors to the market easier and by better safeguarding shareholders via various measures. The country imposed a temporary ban on stock short selling in November 2023 after a series of naked short selling violations involving several global investment banks were discovered. The watchdog levied a combined 83.6 billion won ($57.8 million) in fines on 13 global investment banks over illegal short selling practices. The financial regulator said earlier it is planning to allow short selling on all publicly traded companies here. Before the short selling ban, only 350 listed firms, namely the constituents of the Kospi 200 index and the Kosdaq 150 index, had been subject to short selling. (Yonhap)
Korea Herald
04-03-2025
- Business
- Korea Herald
Watchdog levies over W60b in fines in 2 yrs over illegal short selling: data
South Korea's financial watchdog has imposed over 60 billion won ($41 million) in fines on global and local investors over illegal short selling over the past two years, data showed Tuesday, with the country set to lift its temporary ban on the stock trading practice at the end of this month. According to the data compiled by the Financial Supervisory Service and submitted to Rep. Lee Kang-il of the main opposition Democratic Party, the watchdog imposed a combined 63.5 billion won in fines in 58 illegal short selling cases from March 2023 to last month. The figure may further rise as details of measures currently under review were not disclosed. The FSS has been investigating 14 global investors and is planning to complete its probe before March 31, when the short selling is scheduled to resume. The country imposed a temporary ban on the practice in November 2023 after a series of naked short selling violations involving several global investment banks were discovered. Kim Byoung-hwan, the chief of the Financial Services Commission, said earlier the regulator is planning to allow short selling on all publicly traded companies here. Before the short selling ban, only 350 listed firms, namely the constituents of the KOSPI 200 index and the KOSDAQ 150 index, had been subject to short selling. (Yonhap)
