Arab Today, arab today south korean shares rise on upbeat china gdp
Last Updated : GMT 02:58:58
Arab Today, arab today
Arab Today, arab today

South Korean shares rise on upbeat China GDP

Arab Today, arab today

Arab Today, arab today South Korean shares rise on upbeat China GDP

Seoul - XINHUA

South Korean shares rose on Monday as China\'s gross domestic product (GDP) growth was higher than market consensus, easing concerns over economic slowdown in the world\'s No.2 economy. The benchmark Korea Composite Stock Price Index (KOSPI) rose 5. 18 points, or 0.28 percent, to close at 1,875.16. Trading volume stood at 326.64 million shares worth 3.15 trillion won (2.8 billion U.S. dollars). China\'s GDP growth slowed to 7.5 percent in the second quarter from 7.7 percent during the first quarter. But, the reading was higher than analysts\' estimates that fell to the near-7 percent level. Following the GDP announcement, foreigners turned into net buyers by purchasing domestic stocks worth around 100 billion won. Retail and institutional investors sold stocks worth 63 billion won and 35 billion won respectively. Market watchers noted that there remained worries about the Chinese economic slump, forecasting the Chinese government may unveil stimulus measures to boost the world\'s second-largest economy. Gainers outnumbered decliners. Market bellwether Samsung Electronics rose 0.1 percent to close at 1,313,000 won, and leading chemical firm LG Chem, sensitive to business cycle, jumped 3.2 percent due to the upbeat GDP data from China. The world\'s largest shipbuilder Hyundai Heavy Industries advanced 2.9 percent, and the nation\'s No.2 carmaker Kia Motors climbed 1.7 percent. Top life insurer Samsung Life Insurance fell 2.3 percent, and web portal operator NHN declined 1.2 percent. The local currency finished at 1,122.0 won against the greenback, up 2.5 won from Friday\'s close. Bond prices ended lower. The yield on the liquid three-year treasury notes gained 0.03 percentage point to 2.89 percent, and the return on the benchmark 10-year government bonds jumped 0.07 percentage point to 3.45 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 upbeat china gdp Arab Today, arab today south korean shares rise on upbeat china gdp

 



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 upbeat china gdp Arab Today, arab today south korean shares rise on upbeat china gdp

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
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
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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