🇰🇷 South Korea, 🇯🇵 Japan · Finance & markets
56 storiesNew York stocks close higher; S&P 500 and Nasdaq hit record highs
New York's main stock indices closed higher, with Kukmin Ilbo reporting SpaceX up 7.62% and Asia Economy noting the rise came even as the 10-year US Treasury yield renewed a high. In the following US session, Chosun Ilbo reported the S&P 50…
Court suspends Korea Exchange delisting decisions over market-cap rules
A Seoul court on Oct 2 granted injunctions suspending the Korea Exchange's delisting decisions against KOSPI-listed Joo Yeon Tech and KOSDAQ-listed KM Pharma. The court questioned the rule requiring a company to stay above the market-cap th…
Nvidia sets second straight record close; Korean AI supply chain shares rally
Nvidia closed 2.1% higher at $238.90 on October 5 in New York, a second consecutive record close, lifting its market capitalisation to about $5.76 trillion and putting the first $6 trillion valuation within reach. Korean outlets also report…
Nikkei average recovers 70,000 level for first time in about three months
Tokyo's Nikkei average rose above 70,000 during trading on 5 October, the first time in about three months, as buying concentrated on semiconductor and AI-related shares. Nikkei reported the morning close at 70,037.61, up 1,728.15 points or…
Nasdaq closes at record high as AI stocks rally despite rising Treasury yields
US stocks rose on October 5 local time, with the Nasdaq Composite closing at a record high as technology and AI-related shares gained despite rising Treasury yields. Yonhap reported the Dow rose 0.18% to 51,267.90 and the S&P 500 gained 0.6…
Musk regains trillionaire status as SpaceX shares jump 7.63%
SpaceX shares closed 7.63% higher at $171.09 on Oct. 5, their highest level in about three months, after Morgan Stanley set a $300 target price. Forbes put Elon Musk's net worth at $1.046 trillion (about 1,400 trillion won), returning him t…
Japan raises 10-year government bond coupon rate to 3.1%, a 30-year high
Japan's Ministry of Finance set the coupon rate on newly issued 10-year government bonds at 3.1%, up from 2.7% for the July-September period, the highest level since August 1996, according to Nikkei, Asahi Shimbun, Sankei Shimbun and other …
Second National Growth Fund round sells 316.2 bln won in four days, 52.7% of target
The second round of South Korea's state-backed National Participation National Growth Fund sold 316.2 billion won in its first four days, 52.7% of its 600 billion won target, the Financial Services Commission said. The remaining 283.43 bill…
Rival parties clash at Seoul audit over single-stock leveraged ETF losses
Ruling and opposition lawmakers clashed at the National Assembly's Strategy and Finance Committee audit of the finance ministry on October 6 over single-stock leveraged ETFs and related documents. The opposition demanded presidential office…
New York stocks open mixed as 10-year Treasury yield holds near 5.3%
New York's main stock indices opened mixed on October 5, with the Dow Jones Industrial Average down about 0.27% as the 10-year US Treasury yield held around 5.3%, a level Asia Economy described as the highest in several years. The S&P 500 a…
Youth Future Savings Account second round opens Oct 7 with up to 19.4% effective rate
The second round of applications for South Korea's Youth Future Savings Account runs from Oct 7 to Oct 16, with the first two days split by odd and even birth years, the Financial Services Commission and the Korea Inclusive Finance Agency s…
Korea's financial investment association joins IIFA board talks in Toronto, plans Japan MOU
The Korea Financial Investment Association said it is attending the 39th annual meeting of the International Investment Funds Association (IIFA) in Toronto from October 5 as a board member, discussing international regulatory cooperation an…
Kospi slips below 7,000 after holiday open; Kosdaq gains about 2%
South Korea's Kospi opened at 7,044.67 on Oct. 6, up 40.93 points (0.58%), the first session after the Gaecheonjeol holiday, and the Kosdaq opened at 902.16, up 8.87 points (0.99%). The Kospi gave back the gain within minutes and was at 6,9…
KOSDAQ closes at 919.92, up 2.98%, led by Jusung Engineering and biotech
The KOSDAQ closed at 919.92 on October 6, up 26.63 points, or 2.98%, after opening at 902.16, according to Yonhap, Asia Economy, Maeil Business and Chosun Ilbo. Jusung Engineering gained roughly 15% to 17% during the session; Asia Economy a…
Nikkei briefly tops 70,000 in Tokyo, first time in about three months
Tokyo stocks rebounded on Monday, October 5, with the Nikkei average rising more than 1,700 points at one point and briefly recovering the 70,000 level for the first time in about three months. Outlets attributed the gains to receding expec…
New York stocks open lower; Dow falls 273 points as bond yields rise
New York stocks opened lower on Oct. 5. As of 9:45 a.m., the Dow Jones Industrial Average was down 273.01 points at 50,903.95, Nikkei reported, saying rising U.S. long-term interest rates weighed on cyclical shares while some tech stocks dr…
Yen weakens in Tokyo to 158-yen range as US long-term yields rise
The yen traded weaker against the dollar in Tokyo on Oct. 5, quoted at 158.09–11 around 1 p.m., 52 sen weaker than the previous week's close, Sankei Shimbun reported. Sankei attributed the dollar buying to higher US long-term yields and cit…
Korea's crypto economy put at $449.1bn, largest in East Asia, Chainalysis says
Chainalysis estimates South Korea's crypto economy at $449.1 billion (about 604 trillion won) for the year to June, up 12.3% from a year earlier and the largest in East Asia, ahead of Japan's $228.3 billion. Activity on domestic exchanges r…
Korea Securities Finance issues first $300m foreign-currency global bond
Korea Securities Finance Corporation said it issued a $300m three-year dollar global bond, its first foreign-currency bond since its founding in 1955 and, according to the company, the first public global bond by any securities finance comp…
Won closes at 1,343.6 per dollar, down 0.4 won
The won closed at 1,343.6 per dollar on Oct. 6, down 0.4 won from the previous session, according to the 15:30 reference rate reported by Yonhap, Chosun Ilbo and Newsis. In morning trading the rate stood at 1,344 won, down 6.6 won (0.48%) f…