South Korean shares flat as battery makers counter gains in autos
KOSPI rises, foreigners net sellers
Korean won weakens against dollar
South Korea benchmark bond yield falls
SEOUL, July 16 (Reuters) -Round-up of South Korean financial markets:
** South Korean shares were flat on Tuesday, as battery makers partially offset strong performances by automakers, while defence stocks extended their climb on the prospect of Donald Trump's victory in November's U.S. presidential elections.
** The benchmark KOSPI .KS11 held its ground at 2,861.18, as of 0045 GMT.
** The Transport Equipment Index .KS42 was the biggest gainer with a 1.65% jump. Shares of Hyundai Motor 005380.KS climbed 2.05% and sister automaker Kia Corp 000270.KS rose 1.67%.
** Battery maker LG Energy Solution 373220.KS slid 2.37% and peer Samsung SDI 006400.KS dropped 2.78%, tracking losses in U.S. battery stocks.
** Among other index heavyweights, chipmaker Samsung Electronics 005930.KS rose 0.35%, while rival SK Hynix 000660.KS lost 0.43%, search engine Naver 035420.KS and instant messenger Kakao 035720.KS were down 2.21% and 1.31%, respectively.
** Hanwha Aerospace 012450.KS rose 3.58%, Hanwha Systems 272210.KS jumped 3%, and LIGNex1 079550.KS climbed 2.36% as traders weighed expectations that Republican Donald Trump might win the U.S. presidential race after he survived an assassination attempt over the weekend.
** Of the total 928 traded issues, 372 shares advanced, while 471 declined.
** Foreigners were net sellers of shares worth 65.8 billion won ($47.46 million) on the main board.
** The won was quoted at 1,386.3 per dollar on the onshore settlement platform KRW=KFTC, 0.22% lower than its previous close at 1,383.2.
** In money and debt markets, September futures on three-year treasury bonds KTBc1 rose 0.04 point to 105.57.
** The most liquid three-year Korean treasury bond yield fell 3.1 basis points to 3.061%, while the benchmark 10-year yield eased 1.3 basis points to 3.163%.
($1 = 1,386.2900 won)
Reporting by Jihoon Lee; Editing by Sherry Jacob-Phillips
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.
