Arab Today, arab today s korean shares rise on foreign buying
Last Updated : GMT 14:51:38
Arab Today, arab today
Arab Today, arab today

S Korean shares rise on foreign buying

Arab Today, arab today

Arab Today, arab today S Korean shares rise on foreign buying

Seoul - XINHUA

South Korean shares rebounded for the first time in three sessions on Monday amid the continued foreign capital inflow into the local stock market, but the gain was limited amid lackluster momentum to push local stocks even higher, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) rose 12. 56 points, or 0.62%, to close at 2,047.00. Trading volume stood at 545.6 million shares worth 4.87 trillion won (4.34 billion U.S. dollars). The KOSPI started higher, and stayed in the positive terrain throughout the session as market sentiment was boosted by continued foreign buying, but the index's rise was limited amid lack of momentum to push stocks even higher. "There was no specific issue to move local shares in any direction after Wall Street came to a lull last week. The KOSPI faced its resistance at the 2,060-point level," Yoo Kyung-ha, an analyst at Dongbu Securities in Seoul, told Xinhua. Yoo noted that hopes for the future liquidity rally eased further following the announcement of consumer price data in the United States, saying that the sterilized quantitative easing by the U.S. Federal Reserve was expected to come amid emerging worries about the inflation risk. The U.S. consumer price index increased 0.4% in February after oil prices jumped. The Fed was widely projected to buy long- term assets such as mortgage-backed securities (MBS) in a bid to stimulate the still fragile real estate market, while injecting short-term liquidity into the financial system by purchasing bonds with short maturities. Foreign investors led the market rebound by maintain their buying streak for five straight sessions, but their net buying volume stood merely at 34.7 billion won. Retail investors bought a net 83.5 billion won worth of shares, but local institutions sold a net 112.8 billion won worth of stocks. Tech shares gained ground amid expectations for first-quarter earnings results. Market bellwether Samsung Electronics gained 1. 78% to 1,260,000 won, and memory chip giant Hynix Semiconductor advanced 1.74% to 29,300 won. Builders ended bullish on hopes for an increase in overseas orders, and financial firms, including banks and insurers, mostly showed outperformance on positive views over the first-quarter earnings season. The nation's leading builder Samsung C&T climbed 1.83% to 77,900 won, and top life insurer Samsung Life Insurance jumped 3.54% to 99,400 won. Auto shares ended mixed. Top automaker Hyundai Motor rose 0.45% to 224,000 won, but its affiliate Kia Motors were down 1. 39% to 71,000 won. The country's largest auto parts maker Hyundai Mobis fell 1.38% to 285,000 won. Many large-cap shares moved in narrow range to end flat amid lack of momentum. Leading chemical firm LG Chem ended unchanged at 373,000 won, and the world's No. 1 shipyard Hyundai Heavy Industries finished flat at 328,000 won. The local currency finished at 1,122.3 won against the greenback, up 3.6 won from Friday's close. Bond prices ended lower. The yield on the liquid three-year treasury notes advanced 0.03 percentage points to 3.62%, and the return on the benchmark five-year government bonds jumped 0.06 percentage points to 3.76%.  

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 rise on foreign buying Arab Today, arab today s korean shares rise on foreign buying

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday

GMT 21:18 2017 Thursday ,16 February

Chinese Yuan Strengthens to 6.8632 Against USD Wednesday

GMT 09:55 2017 Thursday ,16 February

Robust Omani Riyal exchange rate affirmed
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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