[SEOUL] South Korean stocks rose for a fourth consecutive session on Thursday to close at their highest in six months amid continued strong foreign investor buying, with the US Federal Reserve pledging to utilise all ts means for economic recovery.
The benchmark Kospi closed up 3.85 points, or 0.17per cent, at 2,267.01. The index rose as much as 0.8 per cent in early trading to its highest intraday level since early October 2018.Risk sentiment was buoyed after the US Federal Reserve kept its policy setting unchanged, while pledging it would use its full range of tools" if needed.
Meanwhile, the Fed and the Bank of Korea agreed to renew an existing currency swap agreement by six months to at least March 31 2021.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Seoul: Stocks close at 6-month high on Samsung Electronics rally, foreign buying[SEOUL] South Korean shares rose on Wednesday to their highest close since late January, driven by a jump in market heavyweight Samsung Electronics and on strong foreign investor buying, though gains were capped by an impasse in US economic stimulus negotiations. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US stocks end up as Fed keeps accommodative stanceNEW YORK (AFP) - Wall Street stocks finished solidly higher on Wednesday (July 29) as the Federal Reserve again stressed that it would maintain its highly accommodative stance and keep interest rates at zero until the economy recovers.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Europe: Earnings drive big swings in stocks ahead of Fed meeting[BENGALURU] Europe's main stocks benchmark closed nearly flat on Wednesday, as investors waited to hear from the US Federal Reserve, but a flurry of earnings reports drove big swings in individual stocks. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tokyo: Stocks open higher on dovish Fed comments[TOKYO] Tokyo stocks opened higher on Thursday extending rallies on Wall Street as the Federal Reserve again stressed it would maintain its highly accommodative policy of near-zero rates and asset purchases. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asian stocks set to rise on Fed policy, dollar hits two-year lowAsian stocks were set to track an upbeat Wall Street session on Thursday after the Federal Reserve kept interest rates at ultra-low levels, while ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asia stocks rise, US dollar languishes near two-year lows on accomodative FedSYDNEY (REUTERS) - Asian stocks were boosted on Thursday (July 30) by the promise of ultra-easy monetary policy globally as the US Federal Reserve left interest rates near zero to support the country's virus-battered economy, sending the dollar to a two-year trough.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »