Arab Today, arab today south korean shares fall on us exit concerns
Last Updated : GMT 22:47:01
Arab Today, arab today
Arab Today, arab today

South Korean shares fall on US exit concerns

Arab Today, arab today

Arab Today, arab today South Korean shares fall on US exit concerns

Seoul - XINHUA

South Korean shares fell for two trading days on Tuesday as foreigners turned into net sellers amid resurfacing concerns over an early exit of U.S. quantitative easing. The benchmark Korea Composite Stock Price Index (KOSPI) declined 9.6 points, or 0.5 percent, to close at 1,906.62. Trading volume stood at 291.38 million shares worth 3.45 trillion won (3.1 billion U.S. dollars). Dallas Fed President Richard Fisher said overnight that with the U.S. jobless rate having come down to 7.4 percent, the Fed was now closer to \"execution mode\" of cutting asset purchases, noting that he wanted the cuts to begin this fall. Fed Chairman Ben Bernanke said in June that the Fed would probably make cuts to the bond purchasing program later this year, with an eye to ending it by mid-2014, when unemployment will likely be around 7 percent. Foreign investors sold a net 164.7 billion won worth of local stocks, turning into net sellers for the first time in 12 sessions. Local institutions and retail investors bought stocks worth 119.3 billion won and 46.7 billion won each, limiting the KOSPI\'s further decline. Market bellwether Samsung Electronics dipped 1.6 percent, falling for two sessions on negative news that the U.S. administration overturned an independent trade agency\'s ruling that Apple should be banned from selling some products. Top steelmaker POSCO declined 1.1 percent, and leading chemical firm LG Chem slid 0.5 percent. The nation\'s No.1 wireless carrier SK Telecom retreated 2 percent, and the world\'s largest shipbuilder Hyundai Heavy Industries shed 0.5 percent. South Korean tech behemoth LG Electronics jumped 2.6 percent on hopes for the launch of its new smartphone G2. Top automaker Hyundai Motor rose 0.9 percent, and its affiliate Kia Motors gained 0.8 percent. Memory chip giant SK Hynix added 0.6 percent, and top life insurer Samsung Life Insurance advanced 0.5 percent. The South Korean currency finished at 1,115.5 won against the greenback, down 1.7 won from Monday\'s close. Bond prices ended mixed. The yield on the liquid three-year treasury notes closed steady at 2.92 percent, but the return on the benchmark 10-year government bonds added 0.01 percentage point to 3.52 percent.

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 south korean shares fall on us exit concerns Arab Today, arab today south korean shares fall on us exit concerns

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 15:57 2017 Sunday ,26 February

Ooredoo Posts 4 Pct Increase in Net Profit in 2016

GMT 15:41 2017 Sunday ,26 February

Ooredoo Posts 4 Pct Increase in Net Profit in 2016

GMT 14:44 2017 Sunday ,26 February

Muscat shares fall on local selling

GMT 06:44 2017 Sunday ,26 February

Doubts grow over American stock market’s surge

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
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 Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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