PERSPECTA

News from every angle

Results for “Kospi

16 stories found

Nomura becomes first to target Kospi at 8,000
FinanceKorea Herald7d ago

Nomura becomes first to target Kospi at 8,000

Nomura became the first brokerage to project the Kospi at 8,000 in the first half of the year, setting a new high-water mark for targets as South Korea’s benchmark extends a record-breaking rally. Nomura Financial Investment, the Seoul unit of Japan’s Nomura Holdings, raised its first-half outlook to 7,500 in a base case and 8,000 in a bull case in a report released Monday. From the current 5,900 level, that implies potential gains of roughly 27 percent to 36 percent over the next four months. C

Kakao Pay surges as Circle earnings fuel stablecoin rally
FinanceKorea Herald5d ago

Kakao Pay surges as Circle earnings fuel stablecoin rally

Kakao Pay, the payments arm of Kakao Corp., surged on Thursday after the USDC issuer Circle delivered an overnight earnings surprise that rippled through stablecoin-linked shares in Seoul. The stock climbed as much as 14 percent to 73,300 won ($51.38) in morning trading on the Kospi before retreating to below 70,000 won by the afternoon. The rally came as Kakao Pay, viewed as one of the leading players in Korea’s emerging stablecoin sector, tracks Circle’s roughly 35 percent jump in New York ove

Seoul stocks open higher, briefly topping 6,000 on tech rally
FinancebloombergwsjKorea Herald+1yonhap-english6d ago4 sources

Seoul stocks open higher, briefly topping 6,000 on tech rally

Seoul shares opened higher Wednesday, briefly breaching a new historic landmark of 6,000 amid an extended rally in technology stocks. The benchmark Korea Composite Stock Price Index rose 26.73 points, or 0.45 percent, to 5,996.37 in the first 15 minutes of trading. Shortly after the opening bell, the KOSPI briefly breached the 6,000-point mark, just one month after landing in the 5,000-point territory. Overnight, the Dow Jones Industrial Average rose 0.76 percent, while the tech-heavy Nasdaq com