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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 10 (Reuters) - Round-up of South Korean financial markets:
** South Korean shares slid for a second consecutive day on
Wednesday as investors opted to boost cash holdings on caution
ahead of U.S. inflation data, due in several hours, and amid the
uncertainty in U.S. debt ceiling talks.
** The benchmark KOSPI fell 13.55 points, or 0.54%,
to close at 2,496.51, after a 0.1% drop on Tuesday.
** Technology giant Samsung Electronics fell
1.07% and peer SK Hynix lost 0.46%, while battery
maker LG Energy Solution advanced 0.53%.
** Of the total 931 issues traded, 391 shares gained.
** Reflecting an extremely cautious mood, the daily value of
transactions stood at 8.76 trillion won ($6.63 billion), the
lowest since late March and far less than a daily average of
11.94 trillion won for the past one month.
** Foreigners were net buyers of shares worth 120.7 billion
won.
** The won ended onshore trade at 1,324.8 per dollar, 0.07% lower than its previous close at 1,323.9.
** In offshore trading, the won was quoted at 1,324.7
per dollar, up 0.1% on the day, while in non-deliverable forward
trading its one-month contract was quoted at
1,322.0.
** The KOSPI has risen 11.63% so far this year, and gained
3.9% in the previous 30 trading sessions.
** The won has lost 4.6% against the dollar so far this
year.
** In money and debt markets, June futures on three-year
treasury bonds fell 0.03 points to 104.97.
** The most liquid three-year Korean treasury bond yield
rose by 2.0 basis points to 3.269%, while the benchmark 10-year
yield rose by 2.5 basis points to 3.334%.
($1 = 1,320.9300 won)
(Reporting by Choonsik Yoo; Editing by Janane Venkatraman)
