Arab Today, arab today south korean shares inch down after yellen\s nomination as federal chief
Last Updated : GMT 06:10:04
Arab Today, arab today
Arab Today, arab today

South Korean shares inch down after Yellen\'s nomination as Federal chief

Arab Today, arab today

Arab Today, arab today South Korean shares inch down after Yellen\'s nomination as Federal chief

Seoul - XINHUA

South Korean shares fell Thursday on concerns over the prolonged shutdown of the U.S. government, but the fall was limited after the nomination of Federal Reserve Vice Chair Janet Yellen as next chief of the U.S. central bank. The benchmark Korea Composite Stock Price Index (KOSPI) fell 1. 36 points, or 0.07 percent, to close at 2,001.40. Trading volume stood at 219.49 million shares worth 3.85 trillion won (3.58 billion U.S. dollars). Concerns remained over the budget impasse that may lead to default on public debt for the first time in U.S. history. If Congress fails to raise the current debt limit of 16.7 trillion dollars by the deadline of Oct. 17, the U.S administration will face default. Those fears were offset by the nomination of Yellen as the next Fed chief. Expectations spread that the Fed would keep its current massive monetary stimulus as Yellen, widely seen as a policy \" dove\", was named to succeed outgoing Fed Chairman Ben Bernanke. \"Policy coherence will be maintained as Yellen, the incumbent Vice Chair, becomes the next Fed chief,\" Bank of Korea (BOK) Governor Kim Choong-soo told a press conference after keeping the country\'s policy rate unchanged at 2.5 percent. The central bank froze the policy rate for the fifth straight month. Foreigners kept their longest buying streak by purchasing a net 140.3 billion won worth of local stocks. Offshore investors raised their holdings of stocks for 30 straight sessions, the longest winning streak since 1999 when the Korea Exchange began to compile the related data. Local institutions sold a net 291.3 billion won worth of stocks, but retail investors were net buyers of a net 160 billion won worth of shares. Large-cap shares ended mixed. Top automaker Hyundai Motor gained 2.8 percent, and its affiliate Kia Motors rose 1.6 percent. Memory chip giant SK Hynix advanced 2.6 percent, but POSCO, Samsung Life Insurance, SK Telecom and Hyundai Heavy Industries ended in negative territory. The South Korean currency finished at 1,073.6 won against the greenback, up 0.1 won from Tuesday\'s close. The local financial markets were closed on Wednesday for the Hangeul Day, which commemorates the proclamation of the Korean alphabet in 1446. Bond prices ended lower. The yield on the liquid three-year treasury notes rose 0.02 percentage point to 2.87 percent, and the return on the benchmark 10-year government bonds gained 0.05 percentage point to 3.51 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 inch down after yellen\s nomination as federal chief Arab Today, arab today south korean shares inch down after yellen\s nomination as federal chief

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher

GMT 15:33 2017 Saturday ,18 February

Lock-up shares worth 39 bln yuan eligible for trade

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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 Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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