The Seoul stock market's main KOSPI ended up 17.07 points, or 0.77 per cent, at 2,248.05.[SEOUL] South Korean stocks ended firmer on Thursday, led by automotive and pharmaceutical sectors, though investors remained wary of unresolved trade issues after an initial pact was signed by Washington and Beijing.
The United States and China signed the interim trade deal that will roll back some tariffs and boost Chinese purchases of US goods and services. The deal will, however, leave in place 25 per cent tariffs on a US$250 billion array of Chinese industrial goods and components used by US manufacturers. The pact does not address structural economic issues that led to the trade conflict. Officials say these will be dealt in Phase 2 negotiations, though the differences there are so fundamental that many investors doubt whether any deal will come through.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea: Stocks climb on imminent signing of US-China trade dealRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
New trial opens for disgraced South Korea ex-leader Park Geun-hyeSEOUL (AFP) - The retrial of ousted former South Korean president Park Geun-hye began Wednesday (Jan 15) over the sprawling corruption scandal that saw her impeached, convicted and jailed, only for the hearing to end after five minutes.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
South Korea's Moon optimistic about talks, but warns little time left for US-North Korea dealSEOUL - South Korean President Moon Jae-in remains optimistic about the resumption of talks between the United States and North Korea, saying that it is too early to feel disappointed as neither side has closed the door to dialogue.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Australian student says North Korea forced him to admit spyingAn Australian student arrested for spying and expelled from North Korea last year said he was forced to write a false confession while held ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Australian student says North Korea forced him to admit spyingSEOUL (AFP) - An Australian student arrested for spying and expelled from North Korea last year said he was forced to write a false confession while held incommunicado.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
UN sanctions experts warn: Stay away from North Korea cryptocurrency conferenceUNITED NATIONS (REUTERS) - United Nations sanctions experts are warning people not to attend a cryptocurrency conference in North Korea in February, flagging it as a likely sanctions violation, according to a confidential report due to be submitted to the UN Security Council later this month.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »