South Korean shares edge down as caution on US data slows trade

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

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For the midday report, please click May 9 (Reuters) - Round-up of South Korean financial markets:


** South Korean shares edged down on Tuesday in an extremely thin trade, on heightened sense of caution among investors ahead of the release of key U.S. inflation data. The won also weakened slightly while bond prices were mixed.
** The stock market's benchmark KOSPI fell 3.15 points, or 0.13%, to close at 2,510.06.
** Reflecting the cautious mood, the daily value of transactions totalled just 9.2 trillion won ($6.96 billion) on the main board, similar to Monday's 9.1 trillion won but far below an average of 12.1 trillion for the past one month.
** Technology giant Samsung Electronics Co Ltd fell 0.91% and peer SK Hynix Inc lost 1.58%, while battery maker LG Energy Solution Ltd advanced 0.90%.
** Of the total 931 issues traded, 360 shares gained.
** Foreigners were net buyers of shares worth 140.2 billion won.
** The won ended onshore trade at 1,323.9 per dollar, 0.19% lower than its previous close at 1,321.4.
** In offshore trading, the won was quoted at 1,322.8 per dollar, down 0.1% on the day, while in non-deliverable forward trading its one-month contract was quoted at 1,320.2.
** The KOSPI has risen 12.24% 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 rose 0.03 points to 105.03.
** Investors shrugged off data showing foreign net investment in local bonds hit the highest in 16 months in April.
** The most liquid three-year Korean treasury bond yield fell by 1.0 basis points to 3.251%, while the benchmark 10-year yield rose by 0.4 basis points to 3.312%. ($1 = 1,320.9300 won) (Reporting by Choonsik Yoo; Editing by Varun H K)

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