Arab Today, arab today south korean shares surge on eased us debt concerns
Last Updated : GMT 09:30:34
Arab Today, arab today
Arab Today, arab today

South Korean shares surge on eased US debt concerns

Arab Today, arab today

Arab Today, arab today South Korean shares surge on eased US debt concerns

Seoul - XINHUA

South Korean shares surged Friday to the highest in around nine months on the back of hopes that Washington would soon settle the fiscal deadlock over the debt ceiling negotiations. The benchmark Korea Composite Stock Price Index (KOSPI) rose 23. 5 points, or 1.17 percent, to close at 2,024.90, the highest since Feb. 20. Trading volume stood at 251.12 million shares worth 4.49 trillion won (4.19 billion U.S. dollars). Investors cheered the high likelihood for a temporary debt ceiling hike in the United States. Republicans planned to offer a temporary, short-term debt limit increase to negotiate with Democrats, a major breakthrough to resolve the fiscal impasse that has resulted in the partial shutdown of the U.S. government. Foreign investors kept their buying trend for 31 straight sessions, the longest winning streak since 1999 when the Korea Exchange began to compile related data. Foreigners bought a net 163.1 billion won worth of shares. Institutional investors raised their holdings of stocks by 123. 7 billion won, the first purchase in 23 sessions. Retail investors sold a net 277.1 billion won worth of stocks in a bid to lock in profits. Most large-cap shares rose sharply. Market bellwether Samsung Electronics rose 0.9 percent, and leading banking group KB Financial Group surged 6 percent. Other large-cap shares, including LG Electronics, SK Innovation, LG Chem and Hyundai Heavy Industries, gained more than 2 percent. The country\'s No.1 mobile operator SK Telecom ended unchanged and the nation\'s second-biggest carmaker Kia Motors slid 0.6 percent. The South Korean currency finished at 1,071.4 won against the greenback, up 2.2 won from Thursday\'s close. Bond prices ended higher. The yield on the liquid three-year treasury notes fell 0.01 percentage point to 2.86 percent, and the return on the benchmark 10-year government bonds lost 0.01 percentage point to 3.50 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 surge on eased us debt concerns Arab Today, arab today south korean shares surge on eased us debt concerns

 



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 surge on eased us debt concerns Arab Today, arab today south korean shares surge on eased us debt concerns

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
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 Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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