June 24, 2020 / 3:02 AM / 13 days ago

S.Korean shares rise on recovery hopes, North Korea relief

    SEOUL, June 24 (Reuters) - Round-up of South Korean
financial markets:
    
    ** South Korean shares jumped nearly 1.5% on Wednesday on
renewed hopes of global economic recovery, after an improvement
in U.S and euro zone data and reports of easing tensions with
North Korea. The won strengthened, while the benchmark bond
yield fell.
    
    ** The Seoul stock market's main KOSPI         rose 31.64
points, or 1.48%, to 2,162.88 as of 0210 GMT. 
    
    ** U.S. business activity contracted for a fifth straight
month in June, but at a slower pace, supporting views that the
virus-driven recession was drawing to an end, while the historic
downturn in the euro zone also eased as businesses started
reopening.                          
    
    ** North Korea has decided to suspend military action plans
against South Korea, the KCNA reported on Wednesday, sending
defence-related shares into a tailspin early in the session.
            
    
    ** Shares of Samsung BioLogics             rose as much as
4% after the drugmaker said it had bagged a 381 billion won
($316.63 million) order to make biopharmaceuticals for a
European firm.             
    
    ** Semiconductor and cyclical stocks rose as economic
indicators reflected effects of economy re-openings, said Han
Ji-young, an analyst at Cape Investment & Securities.
    
    ** Foreigners were net sellers of 20.5 billion won worth of
shares on the main board. 
    
    ** The won was quoted 0.38% higher at 1,204.2 per dollar on
the onshore settlement platform           .
    
    ** In offshore trading, the won        was quoted up 0.3% at
1,203.9 per dollar, while in non-deliverable forward trading its
one-month contract               was quoted at 1,203.5.
    
    ** In money and debt markets, September futures on
three-year treasury bonds         rose 0.04 point to 112.11.
    
    ** The most liquid 3-year Korean treasury bond yield fell by
0.3 basis point to 0.825%, while the benchmark 10-year yield
fell by 3.1 basis points to 1.355%.

($1 = 1,203.3000 won)

 (Reporting by Jihoon Lee; 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