Arab Today, arab today south korean shares rise on higher export shares
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

South Korean shares rise on higher export shares

Arab Today, arab today

Arab Today, arab today South Korean shares rise on higher export shares

South Korean shares
Seoul - XINHUA

South Korean shares rose for two straight days on Friday as export shares rebounded on comments by Vice Finance Minister Joo Hyung-hwan to take steps to tackle the sharp fall in the Japanese yen.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 3. 39 points, or 0.18 percent, to close at 1,939.87. Trading volume stood at 250.6 million shares worth 3.57 trillion won (3.27 billion U.S. dollars).
Joo told lawmakers Thursday that the finance ministry has been on works to make the Japanese yen the South Korean won move in tandem, indicating steps to be taken to reduce a negative effect of the weaker yen.
After the Bank of Japan (BOJ)'s surprise monetary expansion last week, the yen/dollar exchange rate continued to rise to the level of 115 yen per dollar, the highest in seven years.
The sharper fall in the yen fueled worries about falling export profit and slower growth of the export-driven South Korean economy.
The vice minister's comments dragged down the South Korean currency to the dollar. The won finished at 1,093.7 won versus the greenback, down 9.9 won from Thursday's close.
European Central Bank (ECB) froze its benchmark interest rate at 0.05 percent, heralding an expansion in its asset-buying program. It boosted shares in Europe and the United States overnight, bolstering up investors' sentiment in the local stock market.
Institutional investors led the market rebound by purchasing shares worth 45.5 billion won, but foreigners sold a net 102.7 billion won worth of shares, keeping a selling trend for five days in a row.
Auto shares gained ground. Top automaker Hyundai Motor advanced 2.2 percent, and its affiliate Kia Motors rose 1.5 percent. Market bellwether Samsung Electronics added 0.2 percent, and the biggest steelmaker POSCO gained 0.5 percent.
Bond prices ended lower. Yields on the liquid three-year treasury notes rose 0.9 basis points to 2.090 percent, and the return on the benchmark 10-year government bonds added 2.8 basis points to 2.670 percent.

arabstoday
arabstoday

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 rise on higher export shares Arab Today, arab today south korean shares rise on higher export shares

 



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 rise on higher export shares Arab Today, arab today south korean shares rise on higher export shares

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel

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

GMT 04:37 2017 Thursday ,11 May

Tadawul index near flat on varying 1Q results
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