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

South Korean won pares early gains as President Yoon refuses to step down



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>South Korean won pares early gains as President Yoon refuses to step down</title></head><body>

KOSPI rises, foreigners net sellers

Korean won strengthens against dollar

South Korea benchmark bond yield rises

SEOUL, Dec 12 (Reuters) -Round-up of South Korean financial markets:

** The South Korean won pared early gains on Thursday morning as political turmoil continued after President Yoon Suk Yeol refused to step down amid parliament's push to impeach him.

** The won was unchanged from its previous closing price of 1,430.9 as of 1252 GMT in the onshore market.

** The benchmark KOSPI .KS11 was up 13.95 points, or 0.57%, at 2,456.46 as of 00:48 GMT.

** President Yoon said he will fight until the last moment with the public amid the opposition's moves to impeach him.

** Among index heavyweights, chipmaker Samsung Electronics 005930.KS rose 0.56% and peer SK Hynix 000660.KS gained 1.40%, while battery maker LG Energy Solution 373220.KS slid 0.13%.

** Hyundai Motor 005380.KS added 0.96% and sister automaker Kia Corp 000270.KS gained 1.66%, while search engine Naver 035420.KS and instant messenger Kakao 035720.KS were down 1.83% and up 0.67%, respectively.

** Of the total 933 traded issues, 530 shares advanced, while 352 declined.

** Foreigners were net sellers of shares worth 136.8 billion won on the main board on Thursday.

** The won rose as much as 0.1% to 1,428.9 per dollar on the onshore settlement platform KRW=KFTC before paring gains.

** In offshore trading, the won KRW= was quoted at 1,430.0 per dollar, down 0.2%, while in non-deliverable forward trading its one-month contract KRW1MNDFOR= was quoted at 1,428.0.

** The KOSPI has fallen 7.49% so far this year, and lost 5.8% in the previous 30 trading sessions.

** The won has lost 9.9% against the dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds KTBc1 fell 0.03 point to 106.74.

** The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 0.9 basis points to 2.544%, while the benchmark 10-year yield KR10YT=RR rose by 0.5 bps to 2.695%.



Reporting by Cynthia Kim; Editing by Varun H K

</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.