Arab Today, arab today south korean shares rebound on easing fed concerns
Last Updated : GMT 15:59:42
Arab Today, arab today
Arab Today, arab today

South Korean shares rebound on easing Fed concerns

Arab Today, arab today

Arab Today, arab today South Korean shares rebound on easing Fed concerns

Seoul - XINHUA

South Korean shares rebounded in four sessions Monday due to worse-than-expected jobs data in the United States that eased concerns over the U.S. Federal Reserve's tapering of its bond purchasing program. The benchmark Korea Composite Stock Price Index (KOSPI) rose 10. 38 points, or 0.54 percent, to close at 1,948.92. Trading volume stood at 264.16 million shares worth 3.29 trillion won (3.11 billion U.S. dollars). Market sentiment was boosted as investors considered the worse- than-expected employment in the U.S. as good news, believing it may prompt the Fed to slower its pace of scaling back bond buying program. The Fed decided to reduce its monthly bond purchases by 10 billion dollars to 75 billion dollars starting from this month. The U.S. economy added 74,000 jobs in December, the fewest in three years. The jobs growth was much weaker than economists' expectations for about 200,000 new jobs. Institutional and retail investors bought shares worth 66.6 billion won and 22.2 billion won respectively, offsetting sales by foreign investors worth 95.4 billion won. Among 16 sectors that make up the KOSPI, 11 industries such as tech and auto sectors ended in positive territory. Market bellwether Samsung Electronics rose 1.8 percent, and top automaker Hyundai Motor advanced 3.2 percent. The No.2 carmaker Kia Motors gained 1.7 percent, and the nation's biggest auto parts maker Hyundai Mobis rose 2.2 percent. The South Korean currency finished at 1,056.7 won against the greenback, up 4.7 won from Friday's close. Bond prices ended higher. The yield on the liquid three-year treasury notes fell 0.02 percentage point to 2.89 percent, but the return on the benchmark 10-year government bonds lost 0.03 percentage point to 3.62 percent.

arabstoday
arabstoday

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

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 rebound on easing fed concerns Arab Today, arab today south korean shares rebound on easing fed concerns

 



Arab Today, arab today

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 rebound on easing fed concerns Arab Today, arab today south korean shares rebound on easing fed concerns

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
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