South Korean shares rise in cautious mood ahead of U.S. inflation data

Kitco Media
By Reuters
Published:
Updated:
Reuters



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KOSPI rises, foreigners net sellers

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Korean won strengthens against dollar

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South Korea benchmark bond yield falls


SEOUL, Feb 14 (Reuters) - Round-up of South Korean financial markets:
** South Korean shares rose on Tuesday, following Wall Street's overnight moves, but the gains were capped by investors' caution ahead of U.S. inflation data due later in the day. The won strengthened, while the benchmark bond yield fell.
** The benchmark KOSPI was up 8.62 points, or 0.37%, at 2,461.32 by 0126 GMT. It rose as much as 1.13% earlier in the session.


** "The market erased early gains on caution against U.S. inflation data, with uncertainty of how the changes of weight calculations would affect the index," said Park Kwang-nam, an analyst at Mirae Asset Securities.
** U.S. consumer price index is expected to have marked a slower annual rise of 6.2% in January than 6.5% in December, according to a Reuters survey. The data will be released during U.S. trade hours.
** Technology giant Samsung Electronics rose 0.79% and peer SK Hynix gained 1.88%, while battery maker LG Energy Solution was flat.
** Of the total 930 issues traded, 445 shares advanced.
** Foreigners were net sellers of local stocks, by a narrow margin of 8.9 billion won ($7.00 million).


** The won was quoted at 1,271.5 per dollar on the onshore settlement platform , 0.46% higher.


** In money and debt markets, March futures on three-year treasury bonds rose 0.04 point to 104.40.
** The most liquid three-year Korean treasury bond yield fell by 1.9 basis points to 3.434%, while the benchmark 10-year yield fell by 4.3 basis points to 3.390%. ($1 = 1,272.3200 won) (Reporting by Jihoon Lee; editing by Uttaresh.V)

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