Arab Today, arab today seoul stock market\s turnover hits 6year low
Last Updated : GMT 20:32:53
Arab Today, arab today
Arab Today, arab today

Seoul stock market\'s turnover hits 6-year low

Arab Today, arab today

Arab Today, arab today Seoul stock market\'s turnover hits 6-year low

Seoul - YONHAP

The turnover of the South Korean market hit a six-year low in February largely due to lingering economic jitters, with the trading volume of derivatives also sagging, data showed Thursday. The daily turnover of the main bourse averaged 3.67 trillion won (US$3.38 billion) last month, the lowest since the 3.15 trillion won tallied in March 2007, according to the data by the Korea Exchange (KRX). This compares with the largest daily turnover of 9.19 trillion won recorded in April 2011, when the stock market was bullish, which shows that the daily turnover has plunged 60 percent in the last two years, the KRX said. In February, the daily turnover dipped 17.1 percent on-month, with the value of trading volume hovering below 2 trillion won per day. Officials at the bourse operator cited remaining economic uncertainties that have made investors abstain from stock investment. With the South Korean economy stuck in a slowdown, retail investors avoided making risky bets due to their falling asset values, which led to a lot of fund withdrawals, they said. \"Even institutional investors have been taking a defensive approach, leaving the market to be led by foreigners,\" a KRX official said. Lingering concerns over the United States\' automatic spending cuts, a weaker Japanese yen and political insecurity in Italy also contributed to dampening local investors\' appetite, although foreigners have turned net buyers, experts said. The data also showed the local derivatives market suffered a slump last month. The number of trading contracts tumbled 72.2 percent on-year to 3.4 million cases with the daily turnover falling 10.8 percent to 46.5 trillion won. Less market volatility has sapped demand for derivatives from aggressive investors who are willing to take more risks, officials added. Analysts forecast the lackluster stock trading in South Korea to continue for some time on the economic downturn, warning that it could crimp the stock market\'s main role as a channel for corporate funding.

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 seoul stock market\s turnover hits 6year low Arab Today, arab today seoul stock market\s turnover hits 6year low

 



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 stock market\s turnover hits 6year low Arab Today, arab today seoul stock market\s turnover hits 6year low

 



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 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

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