SEOUL Andrew Robertson Shirt , July 17 (Xinhua) -- South Korean stocks hit a new record high Monday, keeping the record-breaking trend for the third consecutive trading session.
The benchmark Korea Composite Stock Price Index (KOSPI) gained 10.47 points, or 0.43 percent, to settle at a new high of 2 Simon Mignolet Shirt ,425.10. Trading volume stood at 252.17 million shares worth 4.8 trillion won (4.3 billion U.S. dollars).
The record-breaking trend followed China's announcement earlier in the day of better-than-expected gross domestic product (GDP) results.
The GDP of China, South Korea's biggest trading partner, expanded 6.9 percent year on year in the first half of this year. It was well above the government's target for the year of 6.5 percent.
China's second-quarter GDP grew 6.9 percent, holding steady from a 6.9 percent expansion in the first quarter.
Helped by the positive GDP data from China Alex Oxlade-Chamberlain Shirt , the KOSPI raised its record-high figure by more than 10 points. The intra-day high was 2,430.34.
Expectations were running high for the upcoming earnings season as Samsung Electronics announced its preliminary earnings result earlier in the month that were better than market forecast.
Major South Korean companies were scheduled to announce the second-quarter earnings later this week.
Shares of Samsung Group, the country's biggest family-controlled conglomerate, gained ground. Market bellwether Samsung Electronics rose 0.3 percent to close at a new high of 2.532 million won. The biggest life insurer Samsung Life Insurance advanced 1.2 percent Adam Lallana Shirt , and the construction unit Samsung C&T rose 1.4 percent.
The state-run power supplier Korea Electric Power Corp. added 1.1 percent, and top steelmaker POSCO climbed 0.8 percent.
Auto shares lost ground. The No.1 carmaker Hyundai Motor shed 2.3 percent, and the biggest auto parts maker Hyundai Mobis lost 0.4 percent.
Foreign and individual investors sold 39 billion won and 113 billion respectively, but institutional investors bought a net 111 billion won worth of stocks.
South Korea's currency finished at 1 Alberto Moreno Shirt ,128.3 won against the greenback, up 5.0 won from the previous close.
Bond prices ended lower. Yields on the liquid three-year treasury notes rose 0.4 basis points to 1.754 percent, and the return on the benchmark 10-year government bonds gained 2.3 basis points to 2.272 percent.
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ADDIS ABABA Daniel Sturridge Shirt , July 12 (Xinhua) -- Ethiopia has announced a record 866-million-U.S.-dollar earning from coffee export during the just concluded fiscal year.
The announcement by the Ethiopian Coffee and Tea Development and Marketing Authority on Wednesday said Ethiopia has secured the revenue from the export of 221,000 tonnes of coffee to the global market.
According to the authority, the country has managed to achieve 92 percent of its targets in coffee export sector during the 20162017 fiscal year.
The authority further hailed the performance as "a very great achievement" compared to the previous years as the quantity of coffee product exported grew by 11.5 percent while the income generated from coffee export increased by 20 percent.
Germany, Saudi Arabia Jordan Henderson Shirt , the United States, Belgium, Sudan and South Korea are among the top importers of the Ethiopian coffee, accounting for close to 86 percent of the total coffee exported from Ethiopia Joe Gomez Shirt , according to the authority.
Ethiopia is one of Africa's largest producers of Arabica coffee. Coffee production is dubbed as the backbone of the country's agriculture-led economy.
The East African country also announced 74 million dollars earning from gold exports during the same fiscal year.
Back in May, the judiciary spokesman had announced that Dorri Najaf Abadi had been sentenced to a prison term Roberto Firmino Shirt , but added that he could not provide details since the verdict could be appealed.
He added that Dorri Najaf Abadi holds a dual citizenship a. Cheap Jerseys Cheap NBA Jerseys China Cheap Jerseys China Cheap Jerseys From China Cheap Jerseys From China Wholesale NFL Jerseys China Cheap NFL Jerseys China Cheap NFL Jerseys China Cheap Authentic NFL Jerseys Wholesale NFL Jerseys China