August 1, 2024

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SK Innovation remains in red in Q2

SK Innovation Co. on Thursday reported its second-quarter net loss of 639.7 billion won (US$467.4 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that it continued to post an operating loss of 45.8 bil…

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(LEAD) Seoul shares up for 2nd day on Fed’s rate-cut signal

South Korean stocks increased for two straight sessions Thursday driven by the U.S. Federal Reserve’s strong signal for a rate cut next time. The local currency rose sharply against the U.S. dollar.

The benchmark Korea Composite Stock Price Index inc…

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Seoul stocks open higher on dovish Fed

South Korean stocks started higher Thursday, driven by the U.S. Federal Reserve’s rate-cut signals.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 18.65 points, or 0.67 percent, to 2,789.34 in the first 15 minutes of trading.

At its …