South Korean shares track Wall Street higher; U.S. CPI data in focus

Kitco Media
By Reuters
Published:
Updated:
Reuters



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KOSPI rises, foreigners net buyers

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Korean won strengthens against dollar

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South Korea benchmark bond yield falls

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For the midday report, please click SEOUL, Feb 14 (Reuters) - Round-up of South Korean financial markets:
** South Korean shares rose on Tuesday, tracking Wall Street's overnight strength, with investors keen on U.S. inflation data due later in the day. The Korean won strengthened, while the benchmark bond yield fell.
** The benchmark KOSPI ended up 12.94 points, or 0.50%, at 2,465.64, erasing some of its early gain of as much as 1.13%.
** "There was a strong wait-and-see mood ahead of U.S. inflation data, despite improved risk sentiment," said Choi Yoo-june, an analyst at Shinhan 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 0.48%, peer SK Hynix jumped 3.09%, and battery maker LG Energy Solution added 0.57%.
** BTS agency HYBE , Kakao Corp and SM Entertainment shares rallied as South Korea's K-pop industry heads for a major restructuring.
** Of the total 934 issues traded, 491 shares advanced.
** Foreigners were net buyers of shares worth 62.2 billion won ($49.03 million).


** The won ended onshore trade at 1,269.4 per dollar, 0.62% higher than its previous close at 1,277.3.


** In money and debt markets, March futures on three-year treasury bonds rose 0.08 point to 104.44.
** The most liquid three-year Korean treasury bond yield fell by 2.8 basis points to 3.425%, while the benchmark 10-year yield fell by 5.1 basis points to 3.382%. ($1 = 1,268.6500 won) (Reporting by Jihoon Lee; Editing by Rashmi Aich)

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