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Korean Government's Eased Capital Gains Tax on Stocks Fuels Surge in Secondary Battery Investments koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.
The Korean stock market is poised to take an upturn next year, driven mainly by the U.S. Federal Reserve’s shift to a dovish monetary policy and widely anticipated multiple rate cuts, according to top analysts of securities firms. ....
LG Electronics said Tuesday it expected its third quarter operating earnings for 2023 to climb 33.5 percent from a year before, amid the strong performance of its home appliance and vehicle component solutions units. LG estimated that its operating profit for the July-September period came in at 996.7 billion won ($738 million), compared with 746.6 billion won a year ago, according to the company’s earnings gui. ....
South Korean stocks ended higher Thursday, as chipmakers surged on hopes for a business turnaround and investors digested the Federal Reserve's latest interest rate hike. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index added 11.45 points, or 0.44 percent, to close at 2,603.81. Trading volume was heavy at 585.77 million shares worth 23.79 trillion won ($18.62 billion. ....
The main index KOSPI slid below 2,400 points in Tuesday s session, as foreign investors dumped local stocks on pessimistic outlooks amid concern over the collapse of Silicon Valley Bank (SVB) late last week. ....