• Like
  • Comment
  • Favorite

South Korean shares fall for a second day as political uncertainty spikes

Reuters12-05

South Korean shares fall for a second day as political uncertainty spikes

KOSPI falls, foreigners net sellers

Korean won weakens against dollar

South Korea benchmark bond yield rises

SEOUL, Dec 5 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares fell for a second straight day on Thursday amid heightened political uncertainty with the president facing an impeachment push.

** The won and the benchmark bond yield were little changed.

** The benchmark KOSPI .KS11 was down 6.06 points, or 0.25%, at 2,457.94 as of 0226 GMT, after a fall of 1.4% on Wednesday.

** South Korea's parliament introduced a motion on Thursday to impeach President Yoon Suk Yeol over a botched attempt to impose martial law, but his party vowed to oppose the move, throwing the process into doubt.

** South Korea's finance ministry said on Thursday that the government would activate 40 trillion won ($28.35 billion) worth of market stabilization funds.

** Asia's fourth-largest economy grew 0.1% in the third quarter, revised central bank data showed, unchanged from its advance estimates issued in October.

** Among index heavyweights, chipmaker Samsung Electronics 005930.KS rose 1.88% and peer SK Hynix 000660.KS gained 4.05%, while battery maker LG Energy Solution 373220.KS climbed 0.13%.

** Hyundai Motor 005380.KS shed 1.67% and sister automaker Kia Corp 000270.KS lost 2.75%, while search engine Naver 035420.KS and instant messenger Kakao 035720.KS were up 1.73% and down 5.04%, respectively.

** Of the total 935 traded issues, 247 shares advanced, while 641 declined.

** Foreigners were net sellers of shares worth 223 billion won ($157.7 million).

** The won was quoted at 1,415.0 per dollar on the onshore settlement platform KRW=KFTC, 0.10% lower than its previous close at 1,413.6.

** In money and debt markets, December futures on three-year treasury bonds KTBc1 fell 0.04 point to 106.71.

** The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 4.6 basis points to 2.640%, while the benchmark 10-year yield KR10YT=RR rose by 0.7 basis points to 2.773%.

($1 = 1,414.1500 won)

(Reporting by Jihoon Lee; Editing by Sonia Cheema)

((jihoon.lee@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial