South Korea shares extend selloff to 5th session, US events dominate

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 15 (Reuters) - Round-up of South Korean financial markets:


** South Korean shares extended their losing streak into a fifth session by falling slightly early on Monday, with the high U.S. inflation expectation data adding to already jittery sentiment over U.S. debt ceiling talks.
** The benchmark KOSPI fell 9.80 points, or 0.40%, to 2,465.62 as of 02:17 GMT.
** Technology giant Samsung Electronics rose 0.16% and peer SK Hynix lost 1.95%, while battery maker LG Energy Solution declined 1.10%.
** Of the total 928 issues traded, 233 shares gained.
** Foreigners were net buyers of shares worth 53.9 billion won ($40.80 million).


** The won was quoted at 1,338.3 per dollar on the onshore settlement platform , 0.28% lower than its previous close at 1,334.5.
** In offshore trading, the won was quoted at 1,339.3 per dollar, up 0.2% on the day, while in non-deliverable forward trading its one-month contract was quoted at 1,336.7.
** The KOSPI has risen 10.25% so far this year, gaining 1.3% in the previous 30 trading sessions.
** The won has lost 5.5% against the dollar so far this year.
** In money and debt markets, June futures on three-year treasury bonds fell 0.16 points to 104.99.
** The most liquid three-year Korean treasury bond yield rose by 4.8 basis points to 3.272%, while the benchmark 10-year yield rose by 4.1 basis points to 3.312%.
($1 = 1,320.9300 won) (Reporting by Choonsik Yoo; Editing by Janane Venkatraman )

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