South Korean shares fall for 3rd day as China data disappoints

Reuters · 05/11/2023 06:30
South Korean shares fall for 3rd day as China data disappoints

KOSPI falls, foreigners buyers

Korean won weakens against dollar

South Korea benchmark bond yield falls

For the midday report, please click


- Round-up of South Korean financial markets:


** South Korean shares reversed modest early gains to close down for a third consecutive day on Thursday, as investors took softer Chinese inflation data as reflecting a weak economic momentum there.

** The benchmark KOSPI .KS11 fell 5.51 points, or 0.22%, to close at 2,491.00 after having risen as much as 0.65% on the day.

** Technology giant Samsung Electronics Co Ltd 005930.KS fell 0.62% and peer SK Hynix Inc 000660.KS lost 0.69%, while battery maker LG Energy Solution Ltd 373220.KS declined 2.30%.

** Despite the fall in the benchmark index, selling was broad based as gainers totalled 505 out of the total 931 issues traded.

** Foreigners were buyers of shares worth 0.3 billion won ($227,112.72).

** The won ended onshore trade KRW=KFTC at 1,326.3 per dollar, 0.11% lower than its previous close at 1,324.8.

** In offshore trading, the won KRW= was quoted at 1,326.2 per dollar, down 0.6% for the day, while in -deliverable forward trading its one-month contract KRW1MNDFOR= was quoted at 1,323.6.

** The KOSPI has risen 11.38% so far this year, and gained 3.6% in the previous 30 trading sessions.

** The won has lost 4.7% against the dollar so far this year.

** In money and debt markets, June futures on three-year treasury bonds KTBc1 rose 0.13 points to 105.11.

** The most liquid three-year Korean treasury bond yield fell by 4.4 basis points to 3.231%, while the benchmark 10-year yield fell by 4.4 basis points to 3.300%.


($1 = 1,320.9300 won)


(Reporting by Choonsik Yoo; Editing by Varun H K)

((choonsik.yoo@thomsonreuters.com))