S. Korean shares inch higher amid jitters around US debt ceiling talks

Kitco Media
By Reuters
Published:
Updated:
Reuters



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KOSPI rises, but losers outnumber gainers

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Korean won strengthens against dollar

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South Korea benchmark bond yield falls


SEOUL, May 16 (Reuters) - Round-up of South Korean financial markets:


** The South Korean stock market's main index rose by midday on Tuesday, but the overall mood appeared weak due to lingering uncertainties over the U.S. debt ceiling talks.
** The benchmark KOSPI rose 8.09 points, or 0.33%, to 2,487.44 as of 0156 GMT. Still, losers far outnumbered gainers by 492 to 366.
** Technology giant Samsung Electronics rose 1.55% and peer SK Hynix gained 4.17%, while battery maker LG Energy Solution was flat.
** Foreigners were net buyers of shares worth 133.7 billion won ($101.22 million).


** The won was quoted at 1,334.4 per dollar on the onshore settlement platform , 0.19% higher than its previous close at 1,337.0.
** In offshore trading, the won was quoted at 1,335.1 per dollar, while in non-deliverable forward trading its one-month contract was quoted at 1,332.3.
** The KOSPI has risen 11.23% so far this year, and gained 1.1% in the previous 30 trading sessions.
** The won has lost 5.2% against the dollar so far this year.
** In money and debt markets, June futures on three-year treasury bonds rose 0.04 point to 105.00.
** The most liquid three-year Korean treasury bond yield fell by 1.3 basis points to 3.267%, while the benchmark 10-year yield fell by 0.7 basis point to 3.325%. ($1 = 1,320.9300 won) (Reporting by Choonsik Yoo; editing by Uttaresh Venkateshwaran )

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