KOSPI falls, foreigners net sellers
Korean won strengthens against U.S. dollar
South Korean benchmark bond yield falls
SEOUL, Oct 26 (Reuters) - Round-up of South Korean financial
markets:
South Korean shares fell on Monday, as cases of the novel
coronavirus surged at home and abroad. The won strengthened to
its highest level since late-March 2019, while the benchmark
bond yield fell.
By 0221 GMT, the benchmark KOSPI fell 1.90
points, or 0.08%, to 2,358.91.
Domestic cases of COVID-19 rose by 119 as of Sunday
midnight, nearly doubling from 61 a day ago, while the new cases
sharply rose in the United States and France.
Shares of Samsung Electronics and affiliates
rose after the death of Chairman Lee Kun-hee a day earlier
sparked hopes for restructuring and stake sales.
Celltrion Inc and its affiliates jumped after
the company said it received an emergency use authorisation from
the U.S. Food & Drug Administration (FDA) for its rapid COVID-19
testing kit Sampinute.
Foreigners were net sellers of 7.1 billion won ($6.29
million) worth of shares on the main board.
The won was quoted at 1,129.7 per dollar on the onshore
settlement platform , up 0.28% and the strongest since
March 22, 2019.
In offshore trading, the won was quoted at 1,128.3
per dollar, unchanged from the previous day, while in
non-deliverable forward trading, its one-month contract
was quoted at 1,128.0.
In money and debt markets, December futures on three-year
treasury bonds rose 0.05 point to 111.89.
The most liquid 3-year Korean treasury bond yield fell by
0.6 basis point to 0.903%, while the benchmark 10-year yield
fell by 1.6 basis points to 1.478%.
($1 = 1,128.3300 won)
(Reporting by Joori Roh)
Read More
https://covid19globalcases.com/s-korean-stocks-fall-as-global-coronavirus-cases-surge/
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