S. Korean shares close higher on European banks' stress tests

21:31, July 26, 2010      

Email | Print | Subscribe | Comments | Forum 

South Korean shares on Monday shot up on positive results on European banks' stress tests, local analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) jumped 11.01 points, or 0.63 percent, to close at 1,769.07, according to the bourse operator Korea Exchange (KRX).

The index continued to rise as investor sentiment was buoyed by test results from Europe's banks, thanks to stronger foreign buying, analysts said.

Foreigners stayed as net buyers, together with institutions, but retail investors stood as net sellers.

The junior bourse KOSDAQ ended higher as well, up 4.45 points, or 0.92 percent, to close at 488.14.

The derivatives closed up, however, with the KOSPI 200 Futures market climbing 1.37 points, or 0.60 percent, to 230.87, according to the bourse operator.

Meanwhile, the local currency gained strength against one U.S. dollar, up 7.70 won to end trading at 1,191.10 won.

Bond prices continued to close lower, with the yield on three- year Treasury notes rising 0.03 percentage point to 3.88 percent.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion