South Korea hopes to include the stock market in the Advanced Market Index soon
Vice -Chairman of the South Korean Financial Organization Authority, Kim Su Yong, announced the opportunity to include the Korean stock market as a major indicator of advanced markets in the near future.
“We are looking for a great opportunity to add us this time,” Yong told foreign media at a press conference in Seoul.
The fourth largest economy in Asia is currently classified as a developing market by the Morgan Stanley Capital International (MSCI), which provides global indicators, although many other standards indicate that they are in modern economies.
Last month, South Korea lifted a comprehensive ban on sales of open shares, for the first time in five years, a major factor that would hinder foreign investors and MSCIs to reach the market.
“More than 90 percent of the problems raised by MSCI have been solved,” Kim said. During his United States tour this week, Kim Pyongyan, Chairman of Directors, will discuss the recent improvements with foreign investors and indicators.
The MSCI will review its market rankings next June. The indicators usually keep the market for one or two years in the monitoring menu, before re -classing it.
On Monday, stock markets in South Korea closed slightly height; The country’s leading presidential candidate is backed to make efforts to strengthen the market, but these profits have been limited to the expectations of the United States and the precautionary measures on customs duties.
The standard “Cosby” index closed 5 points or 0.20 percent to 2,488,42.
South Korea’s most prominent presidential presidential candidate Lee Jun Mean has pledged to restore the law with the aim of reducing the violations of controlled shareholders, eliminating some of his plans to strengthen the stock market, remove the “Korean opponent”, which is compared to the global counterparts.
South Korean Acting President Han Duck Suu, this week, said that he had expressed that trade talks with the United States in Washington had begun a meaningful cooperation, but that negotiations may be difficult.
South Korea’s exports, in the first 20 days of April, declined by 5.2 percent, compared to the same period last year. As a result of the customs definition policies imposed by President Donald Trump, the united states are the result of a decline in goods.
Among the major companies listed on the index, Samsung Electronics Company shares, chips rose 0.18 per cent, and its VK Hinix counter shares rose 0.91 per cent, with “LG Energy Solicon” batteries 1.63 per cent.
Shares of “Hyundai Motor” were also up 0.05 per cent, and Sister Kia Corp shares, Sister -in -La cars rose 0.80 per cent.
Of the 934 shares traded, 500 shares were down and 373 shares fell.
Net foreign sales recorded 288.7 billion WNA (equal to $ 203.8 million).
The Von’s solution won 1,417,8 per dollar on the local settlement platform, up from 0.41 % compared to the previous closure of 1,423,6.
The revenue of Korean Treasury Bonds declined to three years, with a very liquid 3.5 basis points to 2.330 per cent, while standard Treasury bonds back to 2.201 per cent over ten years.
