Arab Today, arab today s korean shares fall on negative news from us
Last Updated : GMT 21:38:38
Arab Today, arab today
Arab Today, arab today

S Korean shares fall on negative news from US

Arab Today, arab today

Arab Today, arab today S Korean shares fall on negative news from US

Seoul - XINHUA

South Korean shares ended lower on Tuesday from the previous session\'s rebound as concerns over the U. S. fiscal cliff issue still pressured the market sentiment, while weak U.S. economic data added worries on the economic growth. The benchmark Korea Composite Stock Price Index (KOSPI) fell 4. 84 points, or 0.25 percent, to close at 1,935.18. Trading volume stood at 288.24 million shares worth 2.8 trillion won (2.59 billion U.S. dollars). The KOSPI started lower, and stayed in negative terrain throughout the session. Negative news from the world\'s No.1 economy weighed on investors\'sentiment. The U.S. House Speaker John Boehner and six other House Republican leaders on Sunday unveiled a proposal, calling for 800 billion dollars in revenue through tax reforms and 600 billion dollars in health savings. Treasury Secretary Timothy Geithner said that the Republicans would ultimately agree to raise tax rates on the rich to avert the potential economic disaster of the cliff. Investors still lacked confidence in the solution of the fiscal issue in the United States and the mood weighed on the local stock market. On the economic front, the U.S. manufacturing activities unexpected contracted last month. The Institute for Supply Management (ISM) manufacturing index fell to 49.5 in November, dropping to the lowest level in nearly three years. The figure boosted concerns over the U.S. economic recovery. Institutional investors led the market decline by offloading a net 91 billion won worth of stocks. The KOSPI\'s fall was limited thanks to stock purchases by foreign and retail investors that bought shares worth 88.2 billion won and 9.3 billion won each. Large-cap shares ended mixed. Top steelmaker POSCO declined 1. 9 percent to 318,500 won, and leading chemical firm LG Chem, the nation\'s biggest auto parts maker Hyundai Mobis and the nation\'s No.2 banking group KB Financial Group retreated more than 1 percent. The nation\'s No.1 automaker Hyundai Motor inched down 0.2 percent to 228,000 won, and its affiliate Kia Motors closed in negative terrain. Market bellwether Samsung Electronics and top crude oil refiner SK Innovation ended steady. The nation\'s largest life insurer Samsung Life Insurance rose 1.2 percent to 93,200 won, and memory chip giant SK Hynix gained ground. The world\'s largest shipbuilder Hyundai Heavy Industries ended slightly higher. The local currency finished at 1,083.4 won against the greenback, down 0.3 won from Monday\'s close. Bond prices ended flat. The yield on the liquid three-year treasury notes closed unchanged at 2.84 percent, and the return on the benchmark five-year government bonds finished steady at 2.91 percent.

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 s korean shares fall on negative news from us Arab Today, arab today s korean shares fall on negative news from us

 



Arab Today, arab today
Arab Today, arab today US, Britain ban laptops on flights

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Hezbollah commander killed by own men

GMT 07:43 2017 Wednesday ,22 March

Hezbollah commander killed by own men
Arab Today, arab today Tunisian media host praises her new experience

GMT 12:35 2017 Wednesday ,15 March

Tunisian media host praises her new experience
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Palestinian police wage war

GMT 07:53 2017 Friday ,17 March

Palestinian police wage war
Arab Today, arab today Dalia Mustafa believes in the presence of ghosts

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 14:17 2017 Monday ,20 March

Cholesterol-slashing drug not impair brain

GMT 17:08 2017 Saturday ,18 March

Reveals secrets of tourism flights to space

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 15:42 2017 Saturday ,18 March

HTC U Play now available in KSA

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
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