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KOSPI falls, foreigners net sellers
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Korean won weakens against dollar
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South Korea benchmark bond yield rises
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For the midday report, please click SEOUL, Feb 6 (Reuters) - Round-up of South Korean
financial markets:
** South Korean shares, currency and bond prices fell
sharply on Monday, hit by growing expectations that the U.S.
Federal Reserve could keep the interest rates higher for longer.
** On the stock market, the benchmark KOSPI ended
down 42.21 points, or 1.70%, at 2,438.19 to mark its biggest
daily percentage drop since late December 2022.
** Technology giant Samsung Electronics fell
3.45% and peer SK Hynix lost 3.36%, while battery
maker LG Energy Solution also declined 1.87%.
** Of the total 934 issues traded, 419 shares gained.
** Foreigners were net sellers of shares worth 311.0 billion
won ($248.23 million).
** The won ended onshore trade at 1,252.8 per
dollar, 1.87% lower than its previous close at 1,229.4. It was
the fastest daily loss since early December 2022.
** In offshore trading, the won was quoted at 1,252.8
per dollar, down 0.4% on the day, while in non-deliverable
forward trading its one-month contract was quoted
at 1,250.7.
** The KOSPI has risen 9.02% so far this year, and gained
6.3% in the previous 30 trading sessions.
** The won has gained 0.9% against the dollar so far this
year.
** In money and debt markets, March futures on three-year
treasury bonds fell by a sharp 0.51 points to 104.79.
** The most liquid three-year Korean treasury bond yield
surged by 17.3 basis points to 3.283%, while the benchmark
10-year yield jumped by 13.3 basis points to 3.281%.
($1 = 1,252.8600 won)
(Reporting by Choonsik Yoo; Editing by Rashmi Aich)
