south korean shares rise on fta deal with china
Last Updated : GMT 04:22:55
Arab Today, arab today
Arab Today, arab today

South Korean shares rise on FTA deal with China

Arab Today, arab today

Arab Today, arab today South Korean shares rise on FTA deal with China

South Korea's new President Park Geun
Seoul - XINHUA

 South Korean shares rose for three straight sessions Monday after negotiations for the China-South Korea free trade agreement (FTA) reached a substantive conclusion.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 18. 36 points, or 0.95 percent, to close at 1,958.23. Trading volume stood at 308.27 million shares worth 4.42 trillion won (4.08 billion U.S. dollars).
Export shares gained ground as the conclusion of the China- South Korea FTA deal is expected to boost exports of South Korean companies to the world's largest consumer market.
Chinese President Xi Jinping and his South Korean counterpart Park Geun-hye announced the conclusion of the FTA talks, launched in May 2012, at a meeting in Beijing on the sidelines of the ongoing Asia-Pacific Economic Cooperation (APEC) meetings.
Woo Tae-hee, assistant minister of South Korea's Ministry of Trade, Industry and Energy, told reporters here that the South Korea-China FTA will enable South Korea to secure an opportunity for penetrating in the Chinese market in advance of others, anticipating that it will serve as a new growth engine for the South Korean economy.
Under the deal, more than 90 percent of all South Korean and Chinese goods currently being traded will be free of tariffs immediately or within 20 years after the free trade pact takes effect.
According to the Korea Institute for International Economic Policy (KIEP)'s estimates, the FTA deal would lift South Korea's real gross domestic product (GDP) by 0.92 percentage points to 1. 25 percentage points over the next five years after the deal comes into force. In the next 10 years, the real GDP would be increased by 2.28 percentage points to 3.04 percentage points.
Market bellwether Samsung Electronics surged 5.1 percent, and memory chip giant SK Hynix added 0.3 percent. Top automaker Hyundai Motor advanced 2.8 percent and its affiliate Kia Motors climbed 1.9 percent. The nation's biggest auto parts maker Hyundai Mobis gained 0.4 percent.
The South Korean currency finished at 1,085.0 won against the greenback, up 8.7 won from Friday's close.
Bond prices ended lower. Yields on the liquid three-year treasury notes rose 2.8 basis points to 2.118 percent, and the return on the benchmark 10-year government bonds added 1.6 basis points to 2.686 percent.

arabstoday
arabstoday

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance

GMT 02:48 2017 Saturday ,11 November

European stock markets fall further
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*

south korean shares rise on fta deal with china south korean shares rise on fta deal with china

 



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*

south korean shares rise on fta deal with china south korean shares rise on fta deal with china

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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