S.Korean shares muted, earnings in focus; won touches 5-month low

Kitco Media
By Reuters
Published:
Updated:
Reuters



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KOSPI little changed



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Korean won touches near five-month low

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South Korea benchmark bond yield climbs


SEOUL, April 20 (Reuters) - Round-up of South Korean financial markets:


** South Korean shares were marginally down on Thursday, moving in a narrow range in subdued trading due to lack of any market drivers, with investor focus set on major companies' earnings next week.


** The Korean won touched a near five-month low, while the benchmark bond yield rose.
** The benchmark KOSPI fell 3.71 points, or 0.14%, to 2,571.37, as of 0112 GMT.


** It followed two straight sessions of daily changes of less than 0.2% in either direction. The index had hit a 10-month high on Monday.


** "The market is lacking upside drivers amid few macroeconomic news," said analyst Huh Jae-hwan at Eugene Investment and Securities.
** South Korea's major companies, including main chipmakers and automakers, are scheduled to release their first quarter results next week.
** Technology giant Samsung Electronics fell 0.61% and peer SK Hynix lost 0.45%, while battery maker LG Energy Solution added 0.17%.


** Most other index heavyweights also rose or fell by less than 1%.


** Of the total 927 issues traded, only 250 shares rose.
** Foreigners were net buyers of shares worth 44.4 billion won ($33.34 million).


** The won was quoted 0.23% lower at 1,328.8 per dollar on the onshore settlement platform , after hitting its lowest level since Nov. 29, 2022 at 1,332.3.
** In money and debt markets, June futures on three-year treasury bonds fell 0.02 point to 104.68.
** The most liquid three-year Korean treasury bond yield rose by 2.8 basis points to 3.361%, while the benchmark 10-year yield rose by 3.8 basis points to 3.408%. ($1 = 1,331.7800 won) (Reporting by Jihoon Lee; Editing by Rashmi Aich)

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