KOSPI flat, foreigners web sellers
Korean received weakens towards greenback
South Korea benchmark bond yield rises
SEOUL, – Spherical-up of South Korean monetary markets:
** South Korean shares had been little modified on Monday, as traders took a wait-and-see stance amid uncertainty over U.S. tariffs.
** The benchmark KOSPI was up 2.73 factors, or 0.07%, at 3,057.01, as of 0154 GMT.
** South Korea’s presidential safety adviser headed to Washington on Sunday for commerce and defence talks as Seoul mentioned an extension of the freeze on U.S. tariffs that’s set to run out inside days.
** “Market sensitivity to tariffs, which has been low for a while, will probably be re-elevated close to the deadline,” mentioned Han Ji-young, an analyst at Kiwoom Securities.
** Samsung Electronics fell 1.18% forward of its second-quarter earnings launch on Tuesday. The chipmaker is anticipated to forecast a plunge in working revenue, weighed down by delays in supplying superior reminiscence chips to synthetic intelligence chip chief Nvidia.
** Battery maker LG Power Resolution climbed 3.70% on an estimated 152% rise in its quarterly working revenue.
** Hyundai Motor and sister automaker Kia Corp had been down 0.95% and up 0.61%, respectively. Steelmaker POSCO Holdings was flat, whereas drugmaker Samsung BioLogics fell 0.67%.
** Of the overall 935 traded points, 393 shares superior, whereas 483 declined.
** Foreigners had been web sellers of shares value 106.2 billion received .
** The received was quoted at 1,365.1 per greenback on the onshore settlement platform, 0.19% decrease than its earlier shut at 1,362.5.
** In cash and debt markets, September futures on three-year treasury bonds gained 0.04 level to 107.16.
** Probably the most liquid three-year Korean treasury bond yield fell by 0.7 foundation factors to 2.465%, whereas the benchmark 10-year yield rose by 0.5 foundation factors to 2.832%.
This text was generated from an automatic information company feed with out modifications to textual content.
