Seoul (Benchmark News) – South Korea Stock Exchange was able to maintain its speed at the end of the third day trading, Wednesday (14/12/2016), although only a thin ride.
Index Kospi closed up thin 0.04% or 0.89 points to 2,036.87, a level after opening with a gain of 0.35% or 7.09 points at position 2,043.07.
As much as 331 stocks strengthened, 371 stocks weakened, and stagnant shares from 771 69 shares traded on the Kospi index at the end of trading today.
Dongwha Pharm stocks co. Ltd. that uphill 1.02% became a major force against the positive movement of the Kospi, along with Woori Bank climbed 0.39% and KR Motors co. Ltd. which rose 0.85%.
Shares of Samsung Electronics Co. Ltd. undertook to strengthen 0.62% or 11,000 points to 1,777,000 at 13:44 GMT, after opening with a rise 0.68% or 12,000 points at position 1,778,000.
Meanwhile, the exchange rate of the won turned weakened 0.25% or 2.87 points to 1,169.80 per u.s. dollar, after opening with a gain of 0.21% or 2.41 points at position 1,164.52.
“Investors are still waiting to hear the statement of The Fed. The signal is slightly strengthened on the economy could hit won this weekend, considering it can accelerate the pace of monetary tightening, “said Kim Yoon-seo, a KTB Investment Analyst & Securities, as quoted Reuters today.
The US Central Bank, the Federal Reserve is scheduled to be concluded a two-day policy meeting on Wednesday afternoon or Thursdaymorning. The market believes interest rates will be dikerek by The Fed (Fed Funds Rate/FFR), following the improving economic prospects since the US election.
From within the country, continued political uncertainty related Kim, impeachment (impeachment) the Parliament against President Park Geun-hye, potentially giving the risks that can drag won…(Red)