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Korean won logs worst month in more than 11 years
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KOSPI rises, foreigners net sellers
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South Korea benchmark bond yield rises
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For the midday report, please click SEOUL, Feb 28 (Reuters) - Round-up of South Korean financial markets:
** South Korean shares rose on Tuesday, tracking Wall Street's overnight bounce, although the index ended the month lower as traders assessed the prospects of further monetary policy tightening in the United States.
** The Korean won strengthened, but logged its worst month
in more than 11 years, while the benchmark bond yield jumped to
its highest level since early January.
** The benchmark KOSPI ended higher by 10.21 points,
or 0.42%, at 2,412.85, after rising as much as 1.21%.
** The KOSPI ended February 0.50% lower, after an 8.44% jump
last month, which was the biggest monthly rise since December
2020.
** "The market erased early gains, tracking the dollar and U.S. Treasury yields' strength on continued worries about the Fed turning hawkish," said Seo Sang-young, an analyst at Mirae Asset Securities.
** Technology giant Samsung Electronics rose
0.17%, but peer SK Hynix lost 0.67%, while battery
maker LG Energy Solution jumped 2.95%.
** Of the total 933 issues traded, 506 shares advanced.
** Foreigners were net sellers of shares worth 290.4 billion
won ($219.82 million).
** The won ended onshore trade at 1,322.6 per dollar, 0.03% higher than its previous close.
** The currency weakened 6.86% this month, snapping a
four-month gaining streak and marking the biggest fall since
September 2011.
** In money and debt markets, March futures on three-year
treasury bonds fell 0.37 point to 103.09.
** The treasury bond yields hit the highest levels since
early January.
** The most liquid three-year Korean treasury bond yield
rose by 12.2 basis points to 3.795%, while the benchmark 10-year
yield climbed 14.3 basis points to 3.751%.
($1 = 1,321.1100 won)
(Reporting by Jihoon Lee; Editing by Sherry Jacob-Phillips)
