South Korean shares little changed as investors await earnings

Kitco Media
By Reuters
Published:
Updated:
Reuters



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KOSPI little changed

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Korean won strengthens against dollar

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South Korea benchmark bond yield rises


SEOUL, April 19 (Reuters) - Round-up of South Korean financial markets:


** South Korean shares traded flat on Wednesday, with investors mostly waiting for major companies' first-quarter results at home and abroad. The Korean won strengthened, while the benchmark bond yield rose.
** The benchmark KOSPI was up 4.25 points, or 0.17%, to 2,575.34 as of 0122 GMT.
** "The market showed mixed movements, rather than a clear direction, amid both hopes and worries about the earnings season," said analyst Seo Sang-young at Mirae Asset Securities.
** South Korea's main chipmakers and automakers, among others, are scheduled to report their first-quarter results next week.


** Technology giant Samsung Electronics fell 0.30%, peer SK Hynix lost 0.46%, while battery maker LG Energy Solution declined 1.01%.
** Most index heavyweights fell, including online platform providers and biopharmaceutical stocks, but 617 shares advanced among the total 929 traded issues.


** Foreigners were net buyers on the main board, but by a small margin of 0.5 billion won ($379,925).


** The won was quoted at 1,315.5 per dollar on the onshore settlement platform , 0.24% higher than its previous close.
** In money and debt markets, June futures on three-year treasury bonds fell 0.04 points to 104.84.
** The most liquid three-year Korean treasury bond yield rose by 1.6 basis points to 3.310%, while the benchmark 10-year yield rose by 2.0 basis points to 3.372%. ($1 = 1,316.0500 won) (Reporting by Jihoon Lee; editing by Uttaresh Venkateshwaran)

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