S.Korean shares end marginally up as automakers rebound; earnings in focus

Kitco Media
By Reuters
Published:
Updated:
Reuters



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KOSPI rises, foreigners net sellers

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Korean won weakens against dollar

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South Korea benchmark bond yield rises

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For the midday report, please click SEOUL, April 19 (Reuters) - Round-up of South Korean financial markets:


** South Korean shares ended marginally higher on Wednesday, as automakers rebounded, while a wait-and-see mood was prevalent ahead of major companies' first quarter results. The won weakened, while the benchmark bond yield rose.
** The benchmark KOSPI closed up 3.99 points, or 0.16%, at 2,575.08, reversing its loss of 0.19% recorded a day before.
** The index stood just 0.03% lower than a 10-month high hit on Monday.
** "The market was in rotational trading, with the benchmark index stuck near its recent peak," said analyst Kim Seok-hwan at Mirae Asset Securities.
** South Korea's main chipmakers and automakers, among others, are scheduled to report their first-quarter results next week.
** Hyundai Motor Co and Kia Corp rose 1.15% and 3.26% respectively, recouping their losses in the previous session.
** Technology giant Samsung Electronics Co Ltd fell 0.15%, but peer SK Hynix Inc gained 0.68%, while battery maker LG Energy Solution Ltd dropped 1.69%.
** Of the total 931 issues traded, 597 shares rose.
** Foreigners were net sellers of shares worth 19.9 billion won ($15 million).
** The won ended onshore trade at 1,325.7 per dollar, 0.54% lower than its previous close.
** In money and debt markets, June futures on three-year treasury bonds fell 0.09 point to 104.79.
** The most liquid three-year Korean treasury bond yield rose by 3.2 basis points to 3.326%, while the benchmark 10-year yield rose by 1.0 basis point to 3.362%. ($1 = 1,324.3400 won) (Reporting by Jihoon Lee; Editing by Varun H K)

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