South Korean shares dip on caution ahead of US inflation data

Kitco Media
By Reuters
Published:
Updated:
Reuters



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KOSPI falls, foreigners net buyers

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Korean won weakens against dollar

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South Korea benchmark bond yield rises


SEOUL, May 9 (Reuters) - Round-up of South Korean financial markets:


** South Korean shares fell on Tuesday, as caution ahead of U.S. inflation data dampened trading sentiment across the board. The won and bond prices also fell by a limited magnitude.
** The stock market's benchmark KOSPI fell 6.43 points, or 0.26%, to 2,506.78 as of 0210 GMT.
** Technology giant Samsung Electronics dropped 0.76% and peer SK Hynix lost 1.58%, while battery maker LG Energy Solution advanced 0.18%.
** Of the total 928 issues traded, 302 shares gained.
** Foreigners were net buyers of shares worth 63.7 billion won ($48.22 million).


** The won was quoted at 1,323.5 per dollar on the onshore settlement platform , 0.16% lower than its previous close at 1,321.4.
** In offshore trading, the won was quoted at 1,324.4 per dollar, down 0.2%, while in non-deliverable forward trading its one-month contract was quoted at 1,321.7.
** The KOSPI has risen 12.09% so far this year, and gained 3.7% in the previous 30 trading sessions.
** The won has lost 4.5% against the dollar so far this year.
** In money and debt markets, June futures on three-year treasury bonds fell 0.05 points to 104.95.
** The most liquid three-year Korean treasury bond yield rose by 1.6 basis points to 3.277%, while the benchmark 10-year yield rose by 4.1 basis points to 3.349%.
($1 = 1,320.9300 won) (Reporting by Choonsik Yoo; editing by Uttaresh Venkateshwaran)

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