South Korean shares fall for third day, U.S. policy in focus

Kitco Media
By Reuters
Published:
Updated:
Reuters



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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


SEOUL, Feb 13 (Reuters) - Round-up of South Korean financial markets:
** South Korean shares fell more than 1% early on Monday, down for a third consecutive session due to concerns about U.S. interest rates staying higher than expected for a longer period.
** The won and government bond prices also dropped due to increasing concerns about the impact of U.S. monetary policy over riskier assets.
** The benchmark KOSPI fell 25.07 points, or 1.02%, to 2,444.66 as of 0154 GMT.
** Technology giant Samsung Electronics fell 0.80% and peer SK Hynix lost 3.53%, while battery maker LG Energy Solution declined 1.85%.
** Of the total 933 issues traded, 228 shares gained.
** Foreigners were net sellers of shares worth 30.7 billion won ($24.13 million).
** The won was quoted at 1,273.7 per dollar on the onshore settlement platform , down 0.67%.


** In offshore trading, the won was quoted at 1,272.4 per dollar, down 0.4%, while in non-deliverable forward trading its one-month contract was quoted at 1,270.7.
** The KOSPI has risen 9.31% so far this year, and gained 5.9% in the previous 30 trading sessions.
** The won has lost 0.7% against the dollar so far this year.
** In money and debt markets, March futures on three-year treasury bonds fell 0.17 point to 104.33.
** The most liquid three-year Korean treasury bond yield rose by 5.7 basis points to 3.455%, while the benchmark 10-year yield rose by 7.3 basis points to 3.441%. ($1 = 1,272.4700 won) (Reporting by Choonsik Yoo; editing by Uttaresh.V)

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