KOSPI falls, foreigners net sellers
Korean won weakens against dollar
South Korea benchmark bond yield falls
SEOUL, – Round-up of South Korean financial markets:
** South Korean shares fell more than 3% on Friday, as chipmakers dropped tracking a slump in U.S. peers on Wall Street overnight.
** The benchmark KOSPI was down 130.78 points, or 3.27%, at 3,874.07, as of 0105 GMT.
** The KOSPI has fallen 3.4% this week.
** Wall Street stocks slid on Thursday in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia’s earnings. The Philadelphia Semiconductor Index fell 4.8%.
** “There are worries that big tech companies will cut capital expenditure, which will raise doubts over the sustainability of a ‘super cycle’ in the semiconductor industry,” said Seo Sang-young, an analyst at Mirae Asset Securities.
** The electric and electronic sector was the biggest decliner, down 5.2%, as chipmaker Samsung Electronics fell 4.47% and peer SK Hynix lost 7.71%.
** Battery maker LG Energy Solution slid 2.15%, while Hyundai Motor and sister automaker Kia Corp were down 1.34% and up 0.18%, respectively.
** Of the total 924 traded issues, 117 shares advanced, while 778 declined.
** Foreigners were net sellers of shares worth 1.37 trillion won .
** The won was quoted at 1,472.7 per dollar on the onshore settlement platform, 0.03% lower than its previous close at 1,472.2.
** In money and debt markets, December futures on three-year treasury bonds gained 0.11 point to 105.88.
** The most liquid three-year Korean treasury bond yield fell by 2.9 basis points to 2.884%, while the benchmark 10-year yield fell by 0.8 basis point to 3.289%.
This article was generated from an automated news agency feed without modifications to text.
