arabtoday
Last Updated : GMT 22:26:10
Arab Today, arab today
Arab Today, arab today

South Korean shares fall ahead of Bernanke\'s testimony

Arab Today, arab today

Arab Today, arab today South Korean shares fall ahead of Bernanke\'s testimony

Seoul - XINHUA

South Korean shares fell on Tuesday as investors took to the sidelines ahead of Federal Reserve Ben Bernanke\'s testimony to the U.S. Congress slated for Wednesday and Thursday. The benchmark Korea Composite Stock Price Index (KOSPI) fell 8. 8 points, or 0.47 percent, to close at 1,866.36. Trading volume stood at 300.37 million shares worth 2.95 trillion won (2.64 billion U.S. dollars). Investors showed reluctance to take aggressive positions in the market as Bernanke was scheduled to talk about monetary policy direction for the second half at the two-day testimony to the U.S. Congress. Bernanke tried to quell jitters last week by saying that highly accommodative monetary policy for the foreseeable future would be necessary for the U.S. economy, but concerns lingered over an early exit of the Fed\'s bond purchasing program. Foreign investors kept their buying streak for the fourth consecutive session, but their stock buying stood merely at 18.5 billion won. Retail investors bought stocks worth 69.4 billion won, but institutional investors sold shares worth 91.1 billion won. Most large-cap shares ended in negative territory. Market bellwether Samsung Electronics fell 1.1 percent, the first decline in six trading days. The nation\'s biggest auto parts maker Hyundai Mobis retreated 0.6 percent and, the country\'s No.2 carmaker Kia Motors slid 1.2 percent. The world\'s largest shipbuilder Hyundai Heavy Industries dipped 1 percent, and the state-run power provider Korea Electric Power Corp. (KEPCO) fell 1.4 percent. Top automaker Hyundai Motor edged up 0.2 percent. The local currency finished at 1,118.0 won against the greenback, up 4.0 won from Monday\'s close. Bond prices ended higher. The yield on the liquid three-year treasury notes fell 0.01 percentage point to 2.88 percent, and the return on the benchmark 10-year government bonds lost 0.01 percentage point to 3.44 percent.

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 fall ahead of bernanke\s testimony Arab Today, arab today south korean shares fall ahead of bernanke\s testimony

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today Ajman Tourism launches time capsule

GMT 13:17 2016 Friday ,25 November

Ajman Tourism launches time capsule
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today US-led coalition admits 54 deaths

GMT 08:47 2016 Friday ,02 December

US-led coalition admits 54 deaths
Arab Today, arab today French satire mag hits Germany

GMT 09:52 2016 Thursday ,01 December

French satire mag hits Germany

GMT 12:16 2016 Friday ,02 December

Dow ends at fresh record; Nasdaq tumbles 1.4%

GMT 01:19 2016 Friday ,02 December

Kuwait Bourse Ends Thursday in Green Zone

GMT 21:38 2016 Thursday ,01 December

US Stocks Mostly Low on Wednesday

GMT 21:01 2016 Thursday ,01 December

Chinese Yuan Weakens to 6.8958 against USD Thursday

GMT 00:42 2016 Thursday ,01 December

Boursa Kuwait Closes on Mixed Note
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Dino-killing crater shows clues

GMT 14:43 2016 Thursday ,24 November

Dino-killing crater shows clues
Arab Today, arab today Punk memorabilia torched

GMT 13:52 2016 Monday ,28 November

Punk memorabilia torched
Arab Today, arab today Green groups pressure Spain

GMT 13:01 2016 Thursday ,01 December

Green groups pressure Spain
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today To find German funny bone

GMT 12:45 2016 Tuesday ,29 November

To find German funny bone
Arab Today, arab today Car manufacturers to power Europe

GMT 13:01 2016 Tuesday ,29 November

Car manufacturers to power Europe

GMT 08:49 2016 Monday ,28 November

Israeli Arab rapper's music provokes

GMT 11:55 2016 Monday ,21 November

Amal Al-Qubaisi attends reception

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 12:39 2016 Friday ,25 November

Arctic 9-12C above normal

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 09:35 2016 Saturday ,19 November

Hyperloop One settles co-founder

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
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

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday