South Korean shares snap two-day slide after U.S. inflation data

Kitco Media
By Reuters
Published:
Updated:
Reuters



*


KOSPI rises, foreigners net buyers

*


Korean won strengthens against dollar

*


South Korea benchmark bond yield falls


SEOUL, May 11 (Reuters) - Round-up of South Korean financial markets:


** South Korean shares rebounded on Thursday after two sessions of losses, supported by benign U.S. inflation data that eased concerns about U.S. monetary policy tightening.
** The benchmark KOSPI rose 8.43 points, or 0.34%, to 2,504.94 as of 02:07 GMT.
** Technology giant Samsung Electronics rose 0.15% and peer SK Hynix lost 0.12%, while battery maker LG Energy Solution declined 1.94%.
** Of the total 930 issues traded, 611 shares gained.
** Foreigners were net buyers of shares worth 55.7 billion won ($42.17 million).
** The won was quoted at 1,320.3 per dollar on the onshore settlement platform , 0.34% higher than its previous close at 1,324.8.


** In offshore trading, the won was quoted at 1,320.6 per dollar, down 0.2% on the day, while in non-deliverable forward trading its one-month contract was quoted at 1,318.0.
** The KOSPI has risen 12.01% so far this year, and gained 3.6% in the previous 30 trading sessions.
** The won has lost 4.2% against the dollar so far this year.
** In money and debt markets, June futures on three-year treasury bonds rose 0.13 points to 105.11.
** The most liquid three-year Korean treasury bond yield fell by 4.8 basis points to 3.227%, while the benchmark 10-year yield fell by 4.8 basis points to 3.296%.
($1 = 1,320.9300 won) (Reporting by Choonsik Yoo; Editing by Rashmi Aich)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.