Arab Today, arab today south korean shares rebound on foreign institutional buying
Last Updated : GMT 22:23:49
Arab Today, arab today
Arab Today, arab today

South Korean shares rebound on foreign, institutional buying

Arab Today, arab today

Arab Today, arab today South Korean shares rebound on foreign, institutional buying

Seoul - XINHUA

South Korean shares rebounded from two-day decline Wednesday as foreign and institutional investors betted bullish on stocks following Wall Street gains overnight. The benchmark Korea Composite Stock Price Index (KOSPI) advanced 19.43 points, or 0.97 percent, to close at 2,017.06. Trading volume stood at 207.46 million shares worth 3.22 trillion won (3.15 billion U.S. dollars). The main index took off a strong start and extended its earlier gains throughout the session as U.S. stocks closed higher on upbeat economic indicators. Foreigners maintained their buying streak for 12 straight sessions by snapping up shares worth 116.8 billion won, and local institutions turned into net buyers first in 10 trading days, with shares bought by them worth 66 billion won. The decline in the past two days were led by local institutions, which reduced holdings of shares due to strong demand from stock- type fund clients for cashing in on their investment. Market watchers said that demand for cash holdings by stock fund investors shrank following the recent sell-off, noting pension funds bought stocks on views that recent declines were overdone. Among large-cap shares, gainers outnumbered decliners. Market bellwether Samsung Electronics rose 1.9 percent, and top automaker Hyundai Motor added 0.4 percent. Memory chip giant SK Hynix climbed 1 percent, and the nation's biggest web search engine Naver jumped more than 3 percent. Top mobile operator SK Telecom declined 1.5 percent, and the nation's biggest steelmaker POSCO lost 0.3 percent. The country's No.1 life insurer Samsung Life Insurance dipped 0.1 percent, and leading chemical firm LG Chem slid 0.2 percent. The South Korean currency finished at 1,021.4 won against the greenback, up 1.8 won from Tuesday's close.

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 foreign institutional buying Arab Today, arab today south korean shares rebound on foreign institutional buying

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya 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 Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

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

GMT 20:48 2017 Wednesday ,22 February

Dividend announcements drive Muscat bourse

GMT 16:56 2017 Wednesday ,22 February

Global gold prices drop

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%

GMT 13:22 2017 Wednesday ,22 February

Canadian stock market closes at record high

GMT 11:50 2017 Wednesday ,22 February

Most Asia markets up as Hong Kong rebounds
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 Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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 Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

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 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

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