Korea Economic Daily

The Bank of Japan left its benchmark interest rate unchanged at about 0.75% on April 28. Kyodo News and Nikkei reported that the BOJ decided at its monetary policy meeting, which began a day earlier, to keep its short-term policy rate at about 0.75%.

Park Sang-kyung, Hankyung.com reporter, highseoul@hankyung.com

The Kospi rose above 6,700 intraday on April 28, setting another record high, with Hyundai Motor surging more than 7% to lead the advance. As of 10:33 a.m., the Kospi was up 81.76 points, or 1.24%, at 6,696.79. After moving in a tight range early in

The Kospi rose in early trading on April 28 to another intraday record, driven by heavy buying from retail investors. Gains were capped by selling from foreign and institutional investors. As of 9:06 a.m., the Kospi was up 23.96 points, or 0.36%, at

US stocks ended mixed on April 27 as investors held back ahead of earnings from megacap technology companies and the Federal Reserve's policy meeting. The market impact of stalled US-Iran talks also appeared to be fading as the impasse dragged on. On

Rubio says divided leadership in Tehran is hampering talks Signals pressure could be increased if no deal is reached U.S. Secretary of State Marco Rubio said Iran's efforts to control traffic through the Strait of Hormuz and retain nuclear weapons ca

Hotel, casino and duty-free stocks rallied across the board on April 27 as investors bet a surge in visitors from Greater China and Japan will lift South Korea’s tourism sector ahead of the early May holiday period. According to the Korea Exchange, H

Reuters reported on April 27 that several tankers carrying about 4 million barrels of Iranian oil passed through the Strait of Hormuz on April 24 despite a US military blockade. Satellite tracking site TankerTrackers.com said multiple tankers loaded

Lebanese President Joseph Aoun pushed back against Hezbollah’s opposition to direct negotiations with Israel, accusing the group of treason for dragging Lebanon into war and insisting the talks are meant to end the state of war. Aoun said in a statem

OpenAI is working with Taiwan's MediaTek Inc. and Qualcomm Inc. to develop a smartphone processor, according to TF International Securities analyst Ming-Chi Kuo. China's Luxshare is set to be the device's exclusive design and manufacturing partner, w

At least seven vessels passed through the Strait of Hormuz in the past 24 hours, underscoring a continued drop in traffic since the outbreak of the Iran war and ongoing strains on energy and logistics supply chains. Reuters reported on April 27, citi

Hezbollah, the Iran-backed Lebanese armed group, strongly criticized direct talks between the Lebanese government and Israel, saying it rejects any such negotiations. AFP reported on April 27 that Hezbollah leader Naim Qassem, in a statement, called

"AI optimism is winning the tug-of-war with geopolitical risk" Brent crude rises to $107 despite Iran's new proposal for talks South Korean, Japanese and Taiwanese stocks extended their record run on April 27 as U.S.-Iran negotiations to end the war

Leverage, Active ETFs Lead Selling The Kosdaq has extended its rally after breaking above 1,200, but retail investors have been dumping Kosdaq exchange-traded funds in size. The selling suggests they are taking profits after the index’s sharp run-up

Kospi sets fresh records day after day Index has surged 57% in less than four months Investor sentiment rebounds as war fears ease Strong earnings and market-support measures lift stocks Margin loans hit 35 trillion won in historic liquidity rally In

Iranian Foreign Minister Abbas Araghchi blamed Washington for the breakdown in talks with the U.S. and signaled Tehran would coordinate its next steps through high-level consultations with Russia after a planned second round of meetings with American

South Korea’s stock market extended its record-setting rally on April 27, with total market capitalization topping 6,000 trillion won ($4.49 trillion) for the first time. The Kospi closed above 6,600 for the first time, while the Kosdaq also advanced

South Korean retail investors' margin borrowing has climbed to a record as the Kospi extends its run to fresh highs. Demand for leveraged stock purchases is growing as the benchmark index moves closer to 7,000. Outstanding margin loans in the domesti

Iran is seeking to expand its diplomatic support base by visiting key ally Russia as ceasefire talks with the US remain deadlocked. AFP and Russia's state-run TASS reported that Iranian Foreign Minister Abbas Araghchi arrived in St. Petersburg on Apr

Elon Musk’s damages lawsuit against OpenAI and Chief Executive Officer Sam Altman entered the trial stage on April 27. Reuters and AFP reported that the federal court in Oakland, California, began proceedings with jury selection. The court previously

SK Hynix climbed past 1.3 million won for the first time and set a record high, but a local brokerage has turned cautious on the stock. It was the first time in nine months that a Yeouido brokerage report downgraded SK Hynix from buy. As of 2 p.m. on

South Korea’s stock market capitalization surpassed 6,000 trillion won ($4.2 trillion) for the first time, as a semiconductor-driven rally lifted the market’s value 2.7-fold in just over a year. The Kospi rose 111.74 points, or 1.73%, to 6,587.37 as

Fed, ECB, BOJ and BOE Set Rates This Week "Uncertainty Over How the Shock Will Affect Growth and Inflation Has Increased" Major central banks are increasingly set to postpone further interest-rate increases this week and keep rates unchanged instead.

South Korea’s Kospi rose above 6,600 in intraday trading, setting another record as foreign investors reversed early selling to become net buyers of both stocks and futures. SK Hynix jumped more than 5% and was approaching 1.3 million won a share. As

SK Hynix shares jumped on April 27, hitting another record intraday high. As of 9:42 a.m., the stock was up 59,000 won, or 4.83%, from the previous session at 1,281,000 won. It rose as high as 1,288,000 won during the session, setting a new intraday

The combined market capitalization of companies listed on South Korea’s stock markets surpassed 6,000 trillion won for the first time. As of 9:26 a.m. on April 27, the combined market value of companies listed on the Kospi stood at 5,365.103 trillion

Han Kyung-woo, Hankyung.com reporter case@hankyung.com

A ceasefire between Israel and Lebanon’s armed group Hezbollah is effectively unraveling as negotiations between the US and Iran over ending the war remain stalled. Airstrikes and drone attacks have resumed, fueling a renewed escalation in cross-bord

Kevin Warsh’s bid for Senate confirmation as Federal Reserve chair gained momentum after a Republican senator who had been blocking the process reversed his position. NBC and other US media outlets reported on April 26 that Senator Thom Tillis, a Nor