UPDATE 2-Altice USA jumps 7.2 percent in debut
June 22 Shares of Altice USA Inc rose as much as 7.2 percent in their debut on Thursday, giving the cable operator a market capitalization of $23.71 billion as it prepares for U.S. expansion.
* Global risk-averse sentiment continues, pressuring the market * Won down for four straight sessions SEOUL, Dec 19 The South Korean won was slightly down early on Monday as investors kept to the sidelines ahead of a speech by Federal Reserve Chair Janet Yellen and the outcome of the Bank of Japan's policy meeting. The won was quoted at 1,185.9 as of 0157 GMT, down 0.2 percent compared to the previous close of 1,183.9, the fourth straight session of losses. The currency hit a low of 1,187.2, the weakest since late June of this year. South Korean shares were virtually unchanged with the Korea Composite Stock Price Index (KOSPI) at 2,042.20 points. Jung Sung-yoon, a foreign exchange analyst at Hyundai Futures, expects subdued trade as investors look ahead to global events. Fed Chair Yellen will deliver a speech later in the day while the Bank of Japan will announce the outcome of its two-day policy review on Tuesday. "There is still some possibility the won may suddenly fall as investors are still wary of riskier assets," added Jung. Offshore investors were set to be net sellers, offloading 7.3 billion Korean won ($6.16 million) worth of KOSPI shares near mid-session. Shares of Hotel Shilla Co Ltd fell nearly 4 percent as it failed to win duty-free store licence. Shinsegae Inc, however, rose nearly 2 percent as it was granted one. Decliners outnumbered advancers 456 to 328. December futures on three-year treasury bonds gained 0.01 point to 109.51. 0157 GMT Prev close Dollar/won 1,185.9 1,183.9 Yen/won 10.0833/10 10.0500 *KTB futures 109.51 109.50 KOSPI 2,042.20 2,042.24 * Front-month futures on three-year treasury bonds (Reporting by Dahee Kim; Editing by Shri Navaratnam)
NEW YORK, June 22 Short seller Marc Cohodes, who has bet against Home Capital Group Inc shares for more than two years, said on Thursday he is keeping his short position on the Canadian lender despite a capital infusion from Warren Buffett's Berkshire Hathaway Inc.
* UK's Imagination Tech puts itself up for sale, shares bounce