Arab Today, arab today s korean shares gain on hopes for stimulus in europe us
Last Updated : GMT 09:42:59
Arab Today, arab today
Arab Today, arab today

S Korean shares gain on hopes for stimulus in Europe, US

Arab Today, arab today

Arab Today, arab today S Korean shares gain on hopes for stimulus in Europe, US

Seoul - Xinhua

South Korean shares gained for three straight sessions on Monday as hopes mounted that central banks in Europe and the United States would soon step in to bolster their economies. The benchmark Korea Composite Stock Price Index (KOSPI) advanced 14.63 points, or 0.8 percent, to close at 1,843.79. Trading volume stood at 333.5 million shares worth 3.83 trillion won (3.37 billion U.S. dollars). The KOSPI started higher, and stayed in positive terrain throughout the session amid mounting expectations that the U.S. Federal Reserve and the European Central Bank (ECB) would soon unveil another stimulus measure to help their fragile economy. \"The local stock market maintained its relief rally that came after ECB President Mario Draghi\'s comments that the ECB would do whatever it takes,\" Jeong Seung-jae, an analyst at Mirae Asset Securities in Seoul, told Xinhua. Jeong, however, noted that the upward momentum weakened later in the trading as there has been no action taken by the central banks until now, saying that the KOSPI would not rise further until their real actions are taken. The US central bank officials will meet on Tuesday and Wednesday for their regular policy meeting, while the ECB policymakers will get together on Thursday for the August rate- setting meeting. The US Fed was forecast to wait until the September meeting for more action as it may want to accumulate additional information on the economic conditions, but the ECB was expected to resume its government bond purchases in an attempt to bring down borrowing costs for Spain and Italy. Draghi will meet with head of the German central bank in coming days to discuss the potential for bond purchases, interest rate cuts and long-term loans to banks. Foreigners led the recent rally by purchasing local stocks for two straight sessions. Offshore investors bought a net 477.1 billion won worth of local shares, but institutional investors sold a net 38 billion won worth of stocks. Retail investors dumped shares worth 439.4 billion won. Foreign buying mostly concentrated on tech and auto shares. Market bellwether Samsung Electronics advanced 3.41 percent to 1, 275,000 won, and memory chip giant SK Hynix rose 0.71 percent to 21,300 won. The country\'s biggest auto parts maker Hyundai Mobis jumped 4 percent to 299,000 won, and top automaker Hyundai Motor was up 1.8 percent to 232,500 won. Among large-cap shares, gainers outnumbered losers. Top crude oil refiner SK Innovation rose 1.7 percent to 152,500 won, and the country\'s No. 2 banking group KB Financial Group climbed 2.5 percent to 35,350 won. The world\'s largest shipbuilder Hyundai Heavy Industries inched up 0.2 percent to 227,000 won. Meanwhile, top steelmaker POSCO fell 0.3 percent to 357,500 won, and the nation\'s No. 2 carmaker Kia Motors declined 0.5 percent to 76,000 won. Leading chemical firm LG Chem retreated 0.8 percent to 307,000 won. The local currency finished at 1,137.6 won against the greenback, up 0.7 won from Friday\'s close. Bond prices ended higher. The yield on the liquid three-year treasury notes lost 0.01 percentage point to 2.85 percent, and the return on the benchmark five-year government bonds fell 0.01 percentage point to 2.96 percent. (1 U.S. dollar equals 1,134.5 won)

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 s korean shares gain on hopes for stimulus in europe us Arab Today, arab today s korean shares gain on hopes for stimulus in europe us

 



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 gain on hopes for stimulus in europe us Arab Today, arab today s korean shares gain on hopes for stimulus in europe us

 



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 Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
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 Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
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 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
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 Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

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