Category: General

Seoul shares open higher ahead of U.S. jobs data

Seoul shares opened higher Friday as investors await U.S. jobs data this week for clues on the Federal Reserve’s future policy path.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 15.66 points, or 0.55 percent, to 2,840.60 in

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FDI pledges to S. Korea down 10.4 pct in H1

Foreign direct investment (FDI) pledges to South Korea fell 10.4 percent on-year in the first six months of this year amid economic uncertainties, data showed Friday.

The country received US$15.34 billion in FDI commitments in the January-June perio…

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BURSA MALAYSIA OPENS HIGHER

Bursa Malaysia opened firmly above the 1,600 level as strong market sentiment persists in line with overnight Wall Street’s upbeat performance.

At 9.12 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.18 per cent or 3.02 points to 1,618.34

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CHINA BACKS KAZAKHSTAN’S BID TO JOIN BRICS

China on Wednesday expressed its support for Kazakhstan joining the BRICS group.

This announcement was made in a joint statement issued after a meeting between President Xi Jinping and Kazakhstan President Kassym Jomart Tokayev.

According to the sta…

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