Arab Today, arab today south korean shares fall to 4 month low
Last Updated : GMT 16:35:55
Arab Today, arab today
Arab Today, arab today

South Korean shares fall to 4 month low

Arab Today, arab today

Arab Today, arab today South Korean shares fall to 4 month low

Seoul - XINHUA

South Korean shares fell to the lowest level in around four months as foreign investors rushed to sell local stocks amid negative recommendations from a foreign investment bank. The benchmark Korea Composite Stock Price Index (KOSPI) fell 7. 57 points, or 0.39 percent, to close at 1,938.54. The figure was the lowest since late August last year. Trading volume stood at 254.22 million shares worth 4.21 trillion won (3.96 billion U.S. dollars). After taking off a strong start, the KOSPI turned into negative territory after foreigners became net sellers in five sessions by offloading a net 249.1 billion won worth of shares. HSBC downgraded its recommendations on the local stock market to "neutral" from "buy,"worsening sentiment among foreigners. Institutional and retail investors bought stocks worth 50.2 billion won and 178 billion won respectively, but the purchases failed to bolster the stock market. Shipbuilders lost ground on the back of growing concerns over the sour earnings. The world's biggest shipbuilder Hyundai Heavy Industries dropped 4.6 percent, and its rival Samsung Heavy Industries plunged 5.7 percent. Most sectors that make up the KOSPI ended in negative terrain, with banks and insurance falling 1.2 percent and 1 percent each. Telecommunication companies declined 1.6 percent, and transportation and financial sectors lost 1.6 percent and 1.5 percent respectively. The nation's No.3 banking group Shinhan Financial Group slid 2. 5 percent, and KB Financial Group retreated 2.5 percent. Top automaker Hyundai Motor lost 1.6 percent, and its affiliate Kia Motors fell 1.5 percent. The South Korean currency finished at 1,061.4 won against the greenback, up 1.5 won from Thursday's close. Bond prices ended mixed. The yield on the liquid three-year treasury notes rose 0.02 percentage point to 2.91 percent, but the return on the benchmark 10-year government bonds fell 0.02 percentage point to 3.65 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 to 4 month low Arab Today, arab today south korean shares fall to 4 month low

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi 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 Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water

GMT 16:11 2017 Thursday ,23 February

Bahrain Bourse daily trading report

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
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 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 Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

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 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

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