Arab Today, arab today s korean shares rise on foreign buying
Last Updated : GMT 01:44:06
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%.  

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

 



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 Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
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 Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
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 says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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