XM does not provide services to residents of the United States of America.

Auto, battery makers drag South Korean stocks lower on US tariff worries



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Auto, battery makers drag South Korean stocks lower on US tariff worries</title></head><body>

KOSPI falls, foreigners net sellers

Korean won weakens against US dollar

South Korea benchmark bond yield falls

SEOUL, Nov 26 (Reuters) -Round-up of South Korean financial markets:


** South Korean shares fell on Tuesday as auto and battery makers dropped amid U.S. tariff worries. The won weakened, while the benchmark bond yield fell.

** The benchmark KOSPI .KS11 was down 15.32 points, or 0.60%, at 2,519.02 as of 0252 GMT.

** U.S. President-elect Donald Trump on Monday pledged big tariffs on the United States' three largest trading partners - Canada, Mexico and China - detailing how he will implement campaign promises that could trigger trade wars.

** The Transport Equipment Index .KS42 dropped 1.7%, with Kia 000270.KS, which runs a factory in Mexico, shedding 0.7%.

** Battery maker LG Energy Solution 373220.KS slid 2.4%, tracking its U.S. customer Tesla's TSLA.O overnight loss of 4% on uncertainty over electric vehicle (EV) subsidies. Peer Samsung SDI 006400.KS lost 0.5%.

** Meanwhile, the Bank of Korea on Thursday is expected to keep key policy rate at 3.25% to support the won, according to a Reuters poll, with a majority of economists forecasting at least three rate cuts next year.

** Among other index heavyweights, e-commerce firms gained, biopharmaceutical manufacturers slipped, while chipmakers were little changed.

** Of the total 938 traded issues, 461 advanced and 417 declined.

** Foreigners net sold shares worth 63.9 billion won ($45.65 million).

** The won was quoted at 1,402.7 per U.S. dollar on the onshore settlement platform KRW=KFTC, 0.26% lower than its previous close at 1,399.0.

** In the money and debt markets, December futures on three-year treasury bonds KTBc1 rose 0.07 point to 106.39.

** The most liquid three-year Korean treasury bond yield KR3YT=RR fell 3.2 basis points to 2.747%, while the benchmark 10-year yield KR10YT=RR shed 5.7 basis points to 2.882%.


($1 = 1,399.7400 won)



Reporting by Jihoon Lee; Editing by Sumana Nandy

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.