South Korean shares flat as investors await key monetary policy events

Kitco Media
By Reuters
Published:
Updated:
Reuters



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KOSPI flat, foreigners net sellers

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Korean won strengthens against dollar

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South Korea benchmark bond yield falls


SEOUL, Feb 20 (Reuters) - Round-up of South Korean financial markets:
** South Korean shares were little changed on Monday, with investors awaiting major monetary policy and political events at home and abroad. The Korean won strengthened, while the benchmark bond yield fell.


** The benchmark KOSPI was down 2.96 points, or 0.12%, to 2,448.25 as of 0113 GMT, after falling as much as 0.85% earlier.
** The U.S. central bank will release the minutes of its latest policy meeting this week, while the Bank of Korea will hold its second rate decision meeting for this year.
** "Also, as this week marks one full year of the Russia-Ukraine conflict, there are political events that may upset financial markets," said Kim Seok-hwan, an analyst at Mirae Asset Securities.
** Technology giant Samsung Electronics fell 0.48%, but peer SK Hynix gained 0.43%. Battery maker LG Energy Solution declined 2.25%.
** Of the total 930 issues traded, 466 shares advanced.
** Foreigners were net sellers of shares worth 133.9 billion won ($103.22 million).


** The won was quoted at 1,298.5 per dollar on the onshore settlement platform , 0.08% higher.
** In money and debt markets, March futures on three-year treasury bonds rose 0.05 point to 103.76.
** The most liquid three-year Korean treasury bond yield fell by 0.9 basis point to 3.630%, while the benchmark 10-year yield fell by 3.9 basis points to 3.588%. ($1 = 1,297.1800 won) (Reporting by Jihoon Lee; editing by Uttaresh.V)

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