FINWIRES · TerminalLIVE
FINWIRES

South Korean Stocks Close Higher as Investors Eye US-China Talks

By

South Korean shares closed higher on Thursday, as investors closely followed the ongoing U.S.-China talks in Beijing.

The Korea Composite Stock Price Index or Kospi increased by 137.4 points, or 1.8%, to end at 7,981.41. The Kosdaq declined by 14.16 points, or 1.2%, to close at 1,191.09.

In economic news, South Korea's money supply increased in March, as the broad money, or M2, rose 0.4% to 4,132.1 trillion won from 4,113.6 trillion won a month earlier, the Bank of Korea said.

The country's narrow money, or M1, increased 0.7% to 1,368.7 trillion won from 1,358.6 trillion won in February.

In corporate news, Samsung Fire & Marine Insurance (KRX:000810) closed 8% higher after posting first-quarter net income of 634.7 billion won, up 4.4% from 608.1 billion won a year earlier.

Related Articles

Asia

CSE Global's Revenue Jumps 29% in Q1

CSE Global's (SGX:544) revenue surged 29% during the first quarter of the year to SG$265.2 million from SG$205.5 million a year earlier, according to a Thursday filing with the Singapore Exchange.Order intake zoomed 75% year over year to SG$271.2 million from SG$155.3 million, backed by strong growth in the electrification segment.

$SGX:544
Asia

Caplin Point Laboratories' Consolidated Profit Rises in Fiscal Q4; Shares Jump 10%

Caplin Point Laboratories (NSE:CAPLIPOINT, BOM:524742) consolidated attributable profit rose to 1.70 billion Indian rupees in the fiscal fourth quarter ended March 31, from 1.43 billion rupees a year ago.Earnings per share came in at 22.31 rupees from 18.69 rupees a year earlier, the pharmaceutical company said in a filing to the Indian stock exchanges on Thursday.Revenue from operations in fiscal Q4 also increased to 6.00 billion rupees from 5.02 billion rupees a year ago.The company's board declared an interim dividend of 4 rupees per equity share of face value of 2 rupees each for the financial year ended March 31.Caplin Point's shares were up over 10% in recent trade.

$BOM:524742$NSE:CAPLIPOINT
Asia

Prism Johnson's Consolidated Profit Falls Sharply in Fiscal Q4

Prism Johnson's (NSE:PRSMJOHNSN, BOM:500338) consolidated attributable profit plunged to 64.3 million Indian rupees in the fiscal fourth quarter ended March 31, from 1.29 billion rupees a year ago.Earnings per share contracted to 0.13 rupees from 2.57 rupees a year earlier, the business materials manufacturer said in a filing to the Indian stock exchanges on Thursday.Revenue from operations in fiscal Q4 increased to 20.9 billion rupees from 19.5 billion rupees a year ago.The company's shares were up nearly 1% in recent trade.

$BOM:500338$NSE:PRSMJOHNSN