South Korea stocks slip as investors turn cautious ahead of U.S. election
KOSPI slips, foreigners net sellers
Korean won weakens against US dollar
South Korea benchmark bond yield falls
SEOUL, Nov 5 (Reuters) -Round-up of South Korean financial markets:
** South Korean shares fell on Tuesday amid increasing risk-off sentiment ahead of the U.S. presidential election. The won weakened, while the benchmark bond yield fell.
** The benchmark KOSPI .KS11 was down 15.11 points, or 0.58%, at 2,573.86 as of 01:46 GMT.
** Among index heavyweights, chipmaker Samsung Electronics 005930.KS fell 1.87% and peer SK Hynix 000660.KS gained 1.03%, while battery maker LG Energy Solution 373220.KS slid 0.82%.
** Hyundai 005380.KS shed 2.08% and sister automaker Kia 000270.KS lost 1.13%, while search engine Naver 035420.KS and instant messenger Kakao 035720.KS were up 0.28% and flat, respectively.
** South Korea's October headline inflation slowed further to its weakest in almost four years, data showed, strengthening the case for more interest rate cuts and fuelling worries of an undershoot of the Bank of Korea's 2% target.
** Of the total 939 traded issues, 439 shares advanced and 419 declined.
** Foreigners net sold shares worth 232.6 billion won ($168.8 million) on the main board.
** The won was quoted at 1,378.3 per U.S. dollar on the onshore settlement platform KRW=KFTC, 0.28% lower than its Monday's close at 1,374.5.
** In offshore trading, the won KRW= was quoted at 1,377.3 per dollar, down 0.3%, while its one-month contract KRW1MNDFOR= was quoted at 1,375.4 in non-deliverable forward trading.
** The KOSPI has fallen 3.07% so far this year, but gained 0.5% in the last 30 trading sessions.
** The won has shed 6.6% against the dollar so far this year.
** In money and debt markets, December futures on three-year treasury bonds KTBc1 rose 0.03 point to 105.88.
** The most liquid three-year Korean treasury bond yield KR3YT=RR fell 0.9 basis points to 2.926%, while the benchmark 10-year yield KR10YT=RR dropped 1.3 basis points to 3.084%.
($1 = 1,377.5100 won)
Reporting by Cynthia Kim; Editing by Sumana Nandy
Latest News
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.