Arab Today, arab today korean shares fall on foreign exodus
Last Updated : GMT 05:37:54
Arab Today, arab today
Arab Today, arab today

Korean shares fall on foreign exodus

Arab Today, arab today

Arab Today, arab today Korean shares fall on foreign exodus

Seoul - XINHUA

South Korean shares fell on Monday as foreign funds flowed out of the stock market amid concern the proposed levy on bank deposits in Cyprus would lead Europe into crisis. The benchmark Korea Composite Stock Price Index (KOSPI) fell 18.32 points, or 0.92 percent, to close at 1,968.18, the lowest in about five weeks. Trading volume stood at 300.83 million shares worth 3.91 trillion won (3.51 billion U.S. dollars). Cyprus President Nicos Anastasiades appealed to lawmakers on Sunday to pass the legislation imposing a one-off levy on deposits in Cypriot banks in return for international aid. Euro-area finance ministers demanded to raise 5.8 billion euros (7.5 billion U.S. dollars) by imposing a levy of 6.75 percent on all deposits in Cypriot banks below 100,000 euros and of 9.9 percent on sums above this mark. Foreign funds reduced their holdings of stocks by 1.1 trillion won over the past three sessions. Retail investors and local institutions bought shares worth 204.5 billion won and 157.8 billion won each, relieving selling pressure from foreigners. Most industry groups ended bearish. Samsung Electronics declined 2.4 percent after foreigners offloaded the most valuable stock in the main bourse. Top automaker Hyundai Motor fell 0.5 percent amid renewed risk-off mode, and its affiliate Kia Motors slid 0.4 percent. The nation\'s largest steelmaker POSCO dipped 0.9 percent, and most large-cap shares such as SK Hynix, LG Chem and SK Innovation all ended in negative territory. The local currency finished at 1,114.6 won against the greenback, down 4.3 won from Friday\'s close. Bond prices ended higher. The yield on the liquid three-year treasury notes fell 0.02 percentage point to 2.59 percent, and the return on the benchmark five-year government bonds lost 0.03 percentage point to 2.68 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 korean shares fall on foreign exodus Arab Today, arab today korean shares fall on foreign exodus

 



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 korean shares fall on foreign exodus Arab Today, arab today korean shares fall on foreign exodus

 



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 Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
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 France opens door to post-2025 talks

GMT 05:16 2017 Wednesday ,20 September

France opens door to post-2025 talks
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
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 New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
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 Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

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