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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 falls
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For the midday report, please click SEOUL, Feb 24 (Reuters) - Round-up of South Korean
financial markets:
** South Korean shares reversed early gains to close down on
Friday as investors preferred cash ahead of the weekend and amid
uncertainty over the U.S. interest rate policy. The won currency
also weakened, while bond prices gained.
** The stock market's benchmark KOSPI ended down
15.48 points, or 0.63%, at 2,423.61, reversing early gains of as
much as 0.6%.
** Technology giant Samsung Electronics fell
1.13% and peer SK Hynix lost 1.83%, while battery
maker LG Energy Solution advanced 0.79%.
** Of the total 935 issues traded, 225 shares gained.
** Foreigners were net sellers of shares worth 300.7 billion
won ($230.50 million). For the week, foreigners sold a net 774.2
billion won worth, snapping a seven-week buying streak.
** On the onshore currency market, the won ended
at 1,304.8 per dollar, 0.59% lower than its previous close at
1,297.1.
** In offshore trading, the won was quoted at 1,304.4
per dollar, down 0.5% on the day, while in non-deliverable
forward trading its one-month contract was quoted
at 1,302.6.
** The KOSPI has risen 8.37% so far this year, and gained
3.7% in the previous 30 trading sessions.
** The won has lost 3.1% against the dollar so far this
year.
** In money and debt markets, March futures on three-year
treasury bonds rose 0.13 points to 103.88.
** The most liquid three-year Korean treasury bond yield
fell by 2.8 basis points to 3.566%, while the benchmark 10-year
yield fell by 4.5 basis points to 3.543%.
($1 = 1,304.5600 won)
(Reporting by Choonsik Yoo;Editing by Nivedita Bhattacharjee)
