June 15, 2020 / 2:52 AM / 24 days ago

S.Korean shares fall on second virus wave woes, economic recovery uncertainty

    * KOSPI falls, foreigners net sellers
    * Korean won weakens versus U.S. dollar
    * South Korea benchmark bond yield rises

    SEOUL, June 15 (Reuters) - Round-up of South Korean
financial markets:
    ** South Korean shares fell on Monday as investors gauged
the danger of a second wave of coronavirus infections amid
doubts about economic recovery following a U.S. Federal
Reserve's statement last week. The won weakened, while the
benchmark bond yield rose.
    ** The Seoul stock market's main KOSPI         fell 5.10
points, or 0.24%, to 2,127.20 as of 0208 GMT. 
    ** A large number of small U.S. businesses could fail during
the coronavirus recession, the Federal Reserve said on Friday,
slowing recovery and creating lasting damage to the world's
largest economy.             
    ** New coronavirus cases and hospitalizations in record
numbers swept through more U.S. states, including Florida and
Texas, as most push ahead with reopening.             
    ** Investors are awaiting economic indicators from China and
the U.S., including retail sales and factory output data, as
they will look for evidences to support high hopes about
economic recovery that has been underpinning the recent rally,
said Seo Sang-young, an analyst at Kiwoom Securities.
    ** Foreigners were net sellers of 219.1 billion won ($181.34
million) worth of shares on the main board. 
    ** The won was quoted 0.33% lower at 1,207.8 per dollar on
the onshore settlement platform           .
    ** In offshore trading, the won        was quoted 0.4% lower
at 1,208.2 per dollar, while in non-deliverable forward trading
its one-month contract               was quoted at 1,206.9.
    ** The trading volume during the session in the KOSPI index
        was 420.93 million shares. Of the total traded issues of
901, the number of advancing shares was 258. 
    ** In money and debt markets, June futures on three-year
treasury bonds         fell 0.05 point to 112.01.
    ** The most liquid 3-year Korean treasury bond yield rose by
1.6 basis points to 0.857%, while the benchmark 10-year yield
rose by 0.4 basis point to 1.392%.

    ($1 = 1,208.2400 won)

 (Reporting by Jihoon Lee; Editing by Rashmi Aich)
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