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Asia Top News and Analysis South Korea

  • The rally in Asian markets ran out of steam Monday afternoon as investors took profits from the recent run up in stocks. The key benchmarks in Tokyo and Seoul crept up to close marginally higher after a choppy session.

  • Asian markets were on shaky ground Friday ahead of U.S. monthly employment data, due out later in the session, that will provide another step in determining whether the recent signs of an improving global economy are real or just wishful thinking.

  • Asian markets rallied Thursday, as encouraging signs about the health of U.S. banks and the state of the global economy bolstered riskier assets such as oil and hurt safe-havens such as the yen.

  • Asian stocks were mostly lower while the yen rose Wednesday after news Bank of America needs $34 billion in fresh capital, sending shivers through investors ahead of official results of stress tests on U.S. banks due for release on Thursday.

  • Asian stocks were higher Tuesday with cyclical stocks and coal miners rising on signs of stability in the global economy, and greater China markets buoyed by cross-strait hopes. Trade though was quiet with markets shut in Japan, South Korea and Thailand.

  • Asian stocks punched to a seven-month peak Monday, fueled by confidence the global economy is recovering faster than expected and on a further jump in Taiwanese shares on hopes for an influx of Chinese investment.

  • Korea, Korean Flag

    South Korean exports in April fell less than expected and export earnings per day rose for the third month in a row, the latest signs that the global economic slump that drove Korea to the edge of recession may be easing.

  • Asian markets open the Monday session higher as optimism grows that the United States economy is starting to stabilize. Trade in equities is thin due to the Golden Week holidays in Japan, with markets there closed until Thursday.

  • Asian markets hit four-month highs Thursday as investors took heart from signs of improvement in the U.S. economy suggesting regional exporters may need to start cranking up production.

  • Asia stocks and the Australian dollar bounced back on Wednesday from a two-day slide, with investors taking heart from data showing the U.S. economy slowly healing, and betting the swine flu outbreak will be contained.

  • Korea, Korean Flag

    South Korea posted a record current account surplus for March as exports rose for a second consecutive month, central bank data showed on Wednesday, cementing hopes the worst for the economy is over.

  • Asian stocks slipped for a second session Tuesday on worries about the potential economic fallout from the swine virus outbreak, even as investor reaction remained limited due to uncertainty about the full impact.

  • Korea, Korean Flag

    South Korea's economy averted a recession in the first quarter thanks to pump-priming and rate cuts, the central bank said on Friday, supporting market bets that interest rates had troughed.

  • Asian stocks weakened Monday with worries about a global flu pandemic unnerving financial markets boosting pharmaceuticals while beating down pork product makers, trade, travel and tourism stocks.

  • Korea, Korean Flag

    South Korea's economy averted a recession in the first quarter thanks to pump-priming and rate cuts, the central bank said on Friday, supporting market bets that interest rates had troughed.

  • Asia stocks gained momentum in the afternoon to trade firmly in positive territory after the Bank of Japan said it would buy corporate bonds to ease an increasingly severe funding squeeze. Financials were mostly higher across the board after bank shares fuelled a Wall Street rally, but with global economic gloom still pervasive, safe-haven trades such as the yen and U.S. Treasuries also rose.

  • Ahead of the Bank of England's interest rate decision Thursday, where the central bank is widely expected to cut rates by 50 basis points, experts tell CNBC to expect another round of rate cuts worldwide.

  • Korea, Korean Flag

    South Korea's central bank cut its benchmark interest rate on Friday by a quarter point, as expected, its third cut in a month to try to calm markets and boost the economy in the face of the global financial crisis.

  • Korea, Korean Flag

    South Korea is working on a new set of policies to boost demand and offset the impact from a global slowdown on Asia's fourth-largest economy as investors are more hopeful that it has averted a full-scale financial meltdown.

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