Seoul: Stocks rebound as foreigners turn net buyers; won rises

[SEOUL] South Korea's Kospi stock index rose slightly on Tuesday as foreigners turned net buyers following a sharp decline in the previous session. The Korean won edged higher against the dollar and the benchmark bond yield rose. The Seoul stock market's main Kospi closed up 3.94 points or 0.18 per cent to 2,148.80 points.

Shares of Asiana Airlines and its biggest shareholder Kumho Industrial plunged 15 per cent and 25.9 per cent, respectively, as the airline revised its accounts that widened its annual loss. Foreigners were net buyers of 40.2 billion won worth of shares on the main board, while individuals also bought 154.5 billion won worth of shares.

The current price-to-earnings ratio is 12.10, the dividend yield is 1.28 per cent and the market capitalisation is 1,242.04 trillion won.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Seoul: Stocks steady as institutions book profits; won down[SEOUL] South Korea's Kospi stock index ended flat on Friday due to offtake by institutions for profit taking, following a sharp rise of major stocks a day earlier. The South Korean won weakened, while the benchmark bond yield rose. The Seoul stock market's main Kospi ended up 2.07 points, or 0.09 per cent, to 2,186.95 points. For the week, the main index gained 0.50 per cent. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

K-pop star Seungri’s sex trade scandal rocks showbiz industrySeoul -- K-pop star The Great Seungri, 28, is facing accusations of having been an active member of an online group chat which shares sexually intima
Source: IndependentSG - 🏆 2. / 72 Read more »