South Korean shares rise for fifth session, won rallies after swap deal

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 rises


SEOUL, April 13 (Reuters) - Round-up of South Korean financial markets:


** South Korean shares extended their rally to a fifth session on Thursday, buoyed by softer U.S. inflation data and a stronger won. The won rallied after the central bank announced a currency swap deal with the pension fund.
** The benchmark KOSPI rose 5.41 points, or 0.21%, to 2,556.05, as of 02:30 GMT.
** Technology giant Samsung Electronics rose 0.15% and peer SK Hynix lost 1.00%, while battery maker LG Energy Solution advanced 0.51%.
** Of the total 928 issues traded, 442 shares gained.
** Foreigners were net sellers of shares worth 30.1 billion won ($22.91 million).


** The won was quoted at 1,312.5 per dollar on the onshore settlement platform , 1.01% higher than its previous close at 1,325.7. It extended gains after the central bank announced a $35 billion swap deal with the pension fund.


** In offshore trading, the won was quoted at 1,312.5 per dollar, up 0.8% on the day, while in non-deliverable forward trading its one-month contract was quoted at 1,310.0.
** The KOSPI has risen 14.29% so far this year, and gained 5.7% in the previous 30 trading sessions.
** The won has lost 3.7% against the dollar so far this year.
** In money and debt markets, June futures on three-year treasury bonds rose 0.05 point to 105.10.
** The most liquid three-year Korean treasury bond yield rose by 0.1 basis point to 3.227%, while the benchmark 10-year yield rose by 4.2 basis points to 3.300%.
($1 = 1,313.7900 won) (Reporting by Choonsik Yoo; Editing by Subhranshu Sahu)

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