Arab Today, arab today south korean shares rise on fta deal with china
Last Updated : GMT 03:50:11
Arab Today, arab today
Arab Today, arab today

South Korean shares rise on FTA deal with China

Arab Today, arab today

Arab Today, arab today South Korean shares rise on FTA deal with China

South Korean shares
Seoul - XINHUA

South Korean shares rose for four straight sessions on Tuesday as hopes lasted for the positive effect from a substantive conclusion with China for the bilateral free trade agreement (FTA).
The benchmark Korea Composite Stock Price Index (KOSPI) rose 4. 77 points, or 0.24 percent, to close at 1,963.00. Trading volume stood at 308.29 million shares worth 4.41 trillion won (4.04 billion U.S. dollars).
Chinese President Xi Jinping and his South Korean counterpart Park Geun-hye declared on Monday that the FTA talks, which had lasted since May 2012, reached the substantive conclusion.
With Xi and Park observing, the trade ministers of the two countries signed a protocol in Beijing, as South Korea hopes to complete the deal by encourage its parliament to ratify the trade accord by the second half of 2015.
The trade agreement boosted expectations for growth in South Korea's exports to the world's largest consumer market. According to the Korea Institute for International Economic Policy (KIEP)'s estimates, the FTA deal would lift South Korea's real gross domestic product (GDP) by 0.92 percentage points to 1.25 percentage points over the next five years after the deal comes into force.
Foreigners raised stock holdings by 108.4 billion won, but institutional and retail investors sold stocks worth 40.4 billion won and 129.4 billion won respectively.
Large-cap shares ended mixed. Market bellwether Samsung Electronics retreated 2.9 percent as tariffs on display panels will began to be reduced in 10 years after the China-South Korea FTA deal takes effect.
The biggest steelmaker POSCO declined 3.2 percent on concerns that the trade agreement with China would raise South Korea's import of cheap steel products produced in China.
Top automaker Hyundai Motor and its affiliate Kia Motors advanced 5.7 percent and two percent respectively after the country's largest auto-making group announced a plan to buy back its own shares and increase dividends.
Leading cosmetics maker Amore Pacific surged 9.3 percent on expectations for benefit from the FTA deal as the company depends heavily on China sales for its revenue.
The South Korean currency finished at 1,091.6 won against the greenback, down 6.6 won from Monday's close.
Bond prices ended lower. Yields on the liquid three-year treasury notes rose 5.8 basis points to 2.176 percent, and the return on the benchmark five-year government bonds added 4.8 basis points to 2.369 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korean shares rise on fta deal with china Arab Today, arab today south korean shares rise on fta deal with china

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korean shares rise on fta deal with china Arab Today, arab today south korean shares rise on fta deal with china

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday