June 29, 2020 / 7:13 AM / 8 days ago

S.Korean stocks tumble as virus dents recovery hopes

* KOSPI drops near 2%, foreigners net sellers

* KRW edges up against USD

* S.Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, June 29 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares on Monday tumbled near 2% as investors sought safe assets after a resurgence in global coronavirus cases dented recovery hopes. The Korean won inched up, while the benchmark bond yield rose.

** The benchmark KOSPI fell 41.17 points, or 1.93%, to 2,093.48.

** The index tracked Wall Street’s fall on Friday as some U.S. states including Texas reconsidered their reopening plans.

** South Korea’s health authorities called on Monday for citizens to stagger vacation schedules and avoid gatherings at workplaces and religious facilities, as coronavirus infections from small clusters persist.

** The national tally is near 13,000 cases as of midnight Sunday.

** YG Entertainment surged as much as 21% as a new single by the company’s girl-band Blackpink broke YouTube’s 24-hour viewing record.

** Foreigners were net sellers of 230.4 billion won ($192.25 million) worth of shares on the main board.

** The won was quoted at 1,198.6 per dollar on the onshore settlement platform, 0.17% higher than its previous close at 1,200.6.

** In offshore trading, the won was quoted at 1,198.5, up 0.4% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,198.2.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.99%.

** The trading volume during the session in the KOSPI index was 631.63 million shares. Of the total traded issues of 898, the number of advancing shares was 135.

** In money and debt markets, September futures on three-year treasury bonds fell 0.03 points to 112.11.

** The most liquid 3-year Korean treasury bond yield rose by 2.6 basis points to 0.837% in late afternoon trade, while the benchmark 10-year yield rose by 3.2 basis points to 1.359%.

$1 = 1,198.4100 won Reporting by Joori Roh; Editing by Shailesh Kuber

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below