Latest news with #Kosdaq
Mint
2 days ago
- Business
- Mint
Global markets today: Kospi, ASX 200 trade mix following China's benchmark rates
Global markets today: Asian markets showed a mixed trend on Monday, with investors closely monitoring the People's Bank of China's upcoming decision on the 1-year and 5-year loan prime rates for July, along with recent trade-related developments. South Korea's markets opened on a positive note, with the Kospi index rising 0.45 per cent, while the Kosdaq remained unchanged. Meanwhile, Australia's S&P/ASX 200 benchmark also traded flat. Japanese markets were shut due to the Marine Day public holiday. Trump's tariffs returned to the focus over the weekend after the White House reaffirmed its stance on tariffs. U.S. Commerce Secretary Howard Lutnick said on Sunday that August 1 is the "firm deadline" for countries to begin paying tariffs, while also noting that dialogue could still continue beyond that date. The S&P 500 and Nasdaq Composite ended nearly flat on Friday, bouncing back from a brief decline sparked by a Financial Times report that U.S. President Donald Trump was advocating for significant new tariffs on European Union goods. The S&P 500 slipped by just 0.57 points, or 0.01 per cent, to close at 6,296.79, while the Nasdaq Composite inched up 10.01 points, or 0.05 per cent, to settle at 20,895.66. Meanwhile, the Dow Jones Industrial Average dropped 142.30 points, or 0.32%, to finish at 44,342.19. A report by the Financial Times stating that the Trump administration was considering setting a minimum tariff of 15 per cent to 20 per cent in any agreement with the European Union initially pushed markets down, though they later partially rebounded. The S&P 500 and Nasdaq have repeatedly reached new record highs in recent weeks, as investors grew less concerned about Trump's tariff threats and more confident that these policies might not harm the U.S. economy as much as initially expected. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Bloomberg
4 days ago
- Business
- Bloomberg
Chip Designer Semifive Files for Pre-IPO Review in South Korea
Chip design firm Semifive Inc. filed a preliminary application for an initial public offering in Seoul, seeking to spur its growth to tap rising demand for semiconductors in fields such as artificial intelligence. The filing starts the process for a listing on the Kosdaq, South Korea's equivalent of the Nasdaq, the company said in a statement Friday. Samsung Securities Co. and UBS Group AG are acting as joint lead managers.
Business Times
6 days ago
- Business
- Business Times
South Korea seeks to unlock property money in ‘Kospi 5,000' drive
SOUTH Korea is seeking to redirect household wealth concentrated in real estate into equities, according to a lawmaker spearheading a committee tasked with supercharging the nation's stock market. 'Reviving the stock market is one of the president's key political goals,' Oh Gi-hyoung, chairperson of the special committee on 'Kospi 5,000', said in a Bloomberg News interview this week. 'He hopes to see capital shift from the property market into equities.' The ruling Democratic Party lawmaker's comments underscore the extent to which President Lee Jae-myung is pushing for higher equity valuations. While optimism over corporate governance reforms has already made the Kospi one of the world's best-performing benchmark indices this year, the new administration's view is that the rally could extend if capital can be more effectively reallocated. South Koreans' long-held penchant for property has fuelled a rise in home prices and turned real estate into a magnet for speculators. A 2024 Bank of Korea survey showed only a quarter of household assets were in financial investments, while 75 per cent were tied up in real assets – mostly real estate – an exceptional level of concentration by global standards. Retail investors – roughly 14 million out of the nation's 52 million population – have gained political clout as their ranks swelled during the pandemic-era investment boom. Former president Yoon Suk-yeol also promoted stock-friendly initiatives during his term. The ad hoc Kospi 5,000 committee was formed last month, with its name suggesting an index target that is 55 per cent above Tuesday's (Jul 15) close. The slogan has sparked both optimism and skepticism about the feasibility of reaching that goal. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Oh said 5,000 is not a numeric target, but more of a symbolic phrase to emphasise policy commitment. 'The index has been suppressed for too long, and the goal is to bring it back to a healthy level – not to hit that number by a specific date. And we're not excluding Kosdaq from the picture.' He also dismissed concerns over a potential bubble in stocks, saying the market is currently at a 'normalisation stage'. The Kospi has gained about 33 per cent so far this year to near a record high. The gauge is trading at 10.7 times 12-month forward earnings estimates, compared with a ratio of 15 for Japan's Topix. A key driver for the upswing was the passage of the commercial code revision, aimed at improving corporate governance and helping protect the rights of minority shareholders, after Lee's election win in June. 'Organisations like the Federation of Korean Industries wouldn't have seen the Commercial Act passing,' Oh said, referring to the body representing the country's conglomerates. 'They were caught off guard and now scrambling to respond.' BLOOMBERG
Mint
15-07-2025
- Business
- Mint
Global markets today: Nikkei, Kospi continues to trade mix ahead of China's economic data releases
Global markets today: Asian markets trade mix on Tuesday, July 15, as investors seem to brush aside the uncertainty surrounding U.S. President Donald Trump's fluctuating tariff stance and shift their focus to upcoming economic data from China. Japan's Nikkei 225 remained largely unchanged, while the broader Topix index rose by 0.32 per cent. Japan's 10-year government bond yield rose to its highest point since 2008, driven by concerns over increased fiscal spending ahead of the upper house elections scheduled for July 20. On Monday, long-term bond yields also climbed in countries like Germany, the UK, and France, as fears mounted over expanding fiscal deficits. In South Korea, the Kospi slipped 0.31 per cent, whereas the small-cap Kosdaq gained 0.26 per cent. Meanwhile, Australia's S&P/ASX 200 index climbed 0.66 per cent. In Asia, attention will be focused on Beijing's release of second-quarter GDP figures, which are anticipated to show that China's economy grew slightly above the government's full-year growth target of 5 per cent. This would reduce the immediate need for further economic stimulus. Wall Street stocks ended slightly higher on Monday as investors remained cautious, avoiding major moves in response to fresh tariff threats from U.S. President Donald Trump. Markets stayed steady ahead of a packed week of economic data and the kickoff of earnings season. The Dow Jones Industrial Average climbed 88.14 points, or 0.20 per cent, to close at 44,459.65. The S&P 500 added 8.81 points, or 0.14 per cent, ending at 6,268.56, while the Nasdaq Composite rose 54.80 points, or 0.27 per cent, finishing at 20,640.33. Over the weekend, Trump intensified trade tensions by announcing plans to impose a 30 per cent tariff on most imports from the European Union and Mexico starting August 1, increasing pressure for last-minute trade agreements. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
14-07-2025
- Business
- Mint
Global markets today: Nikkei, Kospi trade mix on Trump's 30% tariffs on European Union and Mexico
Global markets today: Asian markets open on a mix note on Monday as investors react to the 30% tariffs imposed by U.S. President Donald Trump on the European Union and Mexico over the weekend. Japan's Nikkei 225 had slipped 0.33 per cent, while the broader Topix index edged lower by 0.21 per cent. In South Korea, the Kospi gained 0.22 per cent, and the small-cap Kosdaq rose by 0.19 per cent. Meanwhile, Australia's S&P/ASX 200 index dipped 0.1 per cent. Meanwhile, Hong Kong's Hang Seng index remained unchanged on Monday, July 14. (This is a developing story) Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
