Most Popular
-
1
With teammate's help, inconsolable shooter regroups in time to win bronze
-
2
S. Korea wins gold in women's badminton, 1st since 1994
-
3
Where is Blackpink headed?
-
4
Traffic heavy on expressways following Chuseok
-
5
Police launch belated probe into another teacher's suicide after parental harassment
-
6
Households in capital areas hold 70 pct larger assets than non-metropolitan families: data
-
7
Inflation driving up costs to eat out
-
8
Jungkook of BTS sweeps iTunes’ Top Songs charts in 100 different regions
-
9
Expressways remain congested four days into Chuseok holidays
-
10
Seoul's financial assistance for egg freezing receives attention from single women
Prices in global stock markets, including in Korea, appear to have moved ahead of the real economy, said Bahk Jae-wan, Korea’s finance minister.
“We see some gap as financial markets have recently shown some strength, if not a rally, while the global economy is slowing due to uncertainties concerning Europe,” Bahk told reporters in Seoul today. “The recent gains may reflect investor expectations of improvement in the global economy and European debt crisis in the coming months, and may be due to increased liquidity arising from quantitative easing measures in advanced countries.”
Korea’s benchmark Kospi index has risen 11 percent this year, along with other indexes in the region, as U.S. economic reports beat estimates and optimism increased that Greece will get a second debt bailout.
Stocks in the Korean gauge trade at 9.9 times estimated profit, compared with about 8.4 times in September, according to data compiled by Bloomberg.
“We still see a lot of uncertainty surrounding Europe,” Bahk said. “Europe still has a long and bumpy road to travel to resolve its debt problems.” (Bloomberg)
“We see some gap as financial markets have recently shown some strength, if not a rally, while the global economy is slowing due to uncertainties concerning Europe,” Bahk told reporters in Seoul today. “The recent gains may reflect investor expectations of improvement in the global economy and European debt crisis in the coming months, and may be due to increased liquidity arising from quantitative easing measures in advanced countries.”
Korea’s benchmark Kospi index has risen 11 percent this year, along with other indexes in the region, as U.S. economic reports beat estimates and optimism increased that Greece will get a second debt bailout.
Stocks in the Korean gauge trade at 9.9 times estimated profit, compared with about 8.4 times in September, according to data compiled by Bloomberg.
“We still see a lot of uncertainty surrounding Europe,” Bahk said. “Europe still has a long and bumpy road to travel to resolve its debt problems.” (Bloomberg)
-
Articles by Korea Herald
More from Headlines
