October 31, 2019 / 2:03 AM / 15 days ago

S.Korea stocks, won jump on Fed's rate cut

    * KOSPI adds nearly 1%, foreigners net buyers
    * Korean won strengthens versus U.S. dollar
    * South Korea benchmark bond yield falls

    SEOUL, Oct 31 (Reuters) - Round-up of South Korean financial
** South Korean shares tracked broader Asian peers higher on
Thursday, after the U.S. Federal Reserve lowered interest rates
in line with expectations. The Korean won jumped, while the
benchmark bond yield dropped.
** The Federal Reserve on Wednesday cut interest rates for the
third time this year to help sustain U.S. growth despite a
slowdown in other parts of the world, but signalled there would
be no further reductions unless the economy takes a turn for the
** As of 0159 GMT, the Seoul stock market's main KOSPI        
rose 17.00 points, or 0.82%, to 2,097.27. For the month, the
KOSPI was set to climb 1.66%. 
** Samsung Electronics             shares gained nearly 2%,
after the South Korean tech giant said chip sales should pick up
in 2020 after it reported a 56% fall in third-quarter operating
** Foreigners were net buyers of 101.0 billion won ($87.08
million) worth of shares on the main board. 
** The won was quoted at 1,160.4 per dollar on the onshore
settlement platform           , 0.66% higher than its previous
close at 1,168.1.
** In offshore trading, the won        was quoted at 1,159.6 per
U.S. dollar, up 0.4% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,159.0 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.61%, after U.S. stocks picked up
           . Japanese stocks         rose 0.34%.
** The KOSPI has risen 2.86% so far this year, and gained 0.9%
in the previous 30 trading sessions.
** The trading volume during the session in the KOSPI index
        was 166.22 million shares and, of the total traded
issues of 895, the number of advancing shares was 473.
** The won has lost 3.9% against the dollar so far this year.
** In money and debt markets, December futures on three-year
treasury bonds         rose 0.04 points to 110.17, while the
3-month Certificate of Deposit rate was quoted at 1.44%.
** The most liquid 3-year Korean treasury bond yield fell by 3.6
basis points to 1.453%, while the benchmark 10-year yield fell
by 3.8 basis points to 1.721%.

($1 = 1,159.8000 won)

 (Reporting by Hayoung Choi; Editing by Rashmi Aich)
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