Arab Today, arab today seoul shares to move in narrow range next week
Last Updated : GMT 02:47:36
Arab Today, arab today
Arab Today, arab today

Seoul shares to move in narrow range next week

Arab Today, arab today

Arab Today, arab today Seoul shares to move in narrow range next week

Seoul shares
Seoul - Yonhap

South Korean stocks are likely to trade in a tight range next week, affected by lackluster corporate earnings and continuous selling by foreign investors, analysts said Saturday.

The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,030.16 on Friday, falling 15.80 points, or 0.77 percent, from a week earlier.

The index was mostly driven by corporate earnings announced for large-cap shares throughout this week, while the local currency's descent against the U.S. dollar helped boost car companies.

Pharm companies tumbled following results that failed to beat market expectations, while tech issues, including Samsung Electronics, dropped on unimpressive earnings. In particular, Internet portal operator Naver tumbled nearly 14 percent on Thursday.

Carmakers benefited from the won's descent against the dollar this week as they boosted the outlook for their exports. Hyundai Motor and Kia Motors gained ground.

Analysts expected the market will remain volatile next week as small- and mid-sized companies are set to announce their earnings, which are expected to be no better than what was unveiled this week.

"The KOSPI will likely move in a tight range next week with lack of market momentum coupled with downward revision to earnings," said Ko Seung-hee, an analyst at KDB Daewoo Securities Co.

"Foreigners will not show any meaningful buying trend either amid lingering uncertainty over the U.S. Fed policy (on interest rates) and growing risks from emerging markets," the analyst added.

This week, the Federal Open Market Committee wrapped up its two-day policy meeting, issuing a statement that fell short of providing any definitive clues as to the timing of a rate hike.

Major events that will draw investor attention include the U.S. ISM index, a major gauge of manufacturing activity scheduled for Monday, along with the latest job data to be unveiled later next week, which could help assess the current state of the world's largest economy, experts said.

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 seoul shares to move in narrow range next week Arab Today, arab today seoul shares to move in narrow range next week

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

GMT 16:08 2017 Thursday ,23 February

BHB holds VAT seminar

GMT 13:40 2017 Thursday ,23 February

Muscat Securities Market loses 17 points

GMT 13:18 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 05:51 2017 Thursday ,23 February

Saudi stocks edge up as Brent futures rebound

GMT 20:48 2017 Wednesday ,22 February

Dividend announcements drive Muscat bourse

GMT 16:56 2017 Wednesday ,22 February

Global gold prices drop

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%

GMT 13:22 2017 Wednesday ,22 February

Canadian stock market closes at record high
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
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 Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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