KOSPI 100 index

Source: Dukascopy Bank SA
© Dukascopy Bank SA
South Korean Stocks stayed flat on Wednesday, while data indicated the nation's consumer confidence failed to improve in December. The KOSPI index increased 0.02%, or 0.43 points, to 1,982.25, advancing from its previous close at 1,981.82. The KOSPI's turnover was at 3.5 trillion Korean won that  was only 80% of its 30-session daily weighted average. Five out of nine sectors shrank with Telecommunications declining the most by 0.91%, driven by South Korean regulator's decision to ban the carriers from appealing new subscribers for combined 66 days. Furthermore, the Technology and Industrials shares fell 0.15% and 0.14%. Meanwhile, Utilities were up 1.45%, as investors hoped for an increase in electricity prices and Health Care sector surged 0.95%. Among best performers were WooSung Feed Co, Jooyontech Co and Wooridul Life Sciences by adding 15%, 14.99% and 14.98%, respectively. Meanwhile, Taihan Electric Wire, Yuyu Pharma and Kumho Industrial lost 6.87%, 6.49% and 5.81%, respectively.

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Wed, 26 Dec 2012 16:57:35 GMT

SENEX index

Most emerging-market equities advanced today on better earnings prospects for Chinese companies, yet investors are concerned over whether the U.S. lawmakers will compromise on resolving "fiscal cliff" before the deadline. Indian shares also slightly increased amid investors adding to their domestic shares' holdings. Meanwhile, India, having one of the worst performing currencies, faces inflation and economic slowdown that the nation

Wed, 26 Dec 2012 16:35:32 GMT

Nikkei 225 Stock Average

Japanese equities gained on speculation the nation's new prime minister would launch more aggressive fiscal and monetary policies.  The new prime minister Shinzo Abe pledged for more monetary easing and big government spending to recover the Japanese economy from its fourth recession. Meanwhile, the yen weakened to its lowest level since April 2011, boosting up the shares of exporting companies.

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