Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  World  >  KOSPI Composite Index    KOSPI   KRD020020008

KOSPI COMPOSITE INDEX

(KOSPI)
SummaryQuotesChartsNewsComponents 
News SummaryAll newsMarketScreener Strategies

South Korea stocks sag on Trump's tariffs against Brazil, Argentina

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/02/2019 | 09:18pm EST
A woman walks past an electronic board showing the KOSPI at the Korea Exchange in Seoul

Round-up of South Korean financial markets:

** South Korean shares dropped on Tuesday as U.S. President Donald Trump's surprise decision to impose tariffs on Brazil and Argentina rekindled fears that a trade war could be spreading. The Korean won weakened, while the benchmark bond yield rose.

** Trump on Monday announced tariffs on U.S. steel and aluminium imports from the two countries, with sentiment also hit by weak U.S. manufacturing data.

** In addition to U.S.-China trade war, risk appetite waned on signs of trade frictions between the United States and the South American countries, said Lee Young-gon, an analyst at Hana Financial Investment.

** As of 0206 GMT, the Seoul stock market's main KOSPI fell 16.27 points, or 0.78%, to 2,075.50. The index fell as much as 1.2% in early trade, its lowest intraday level since Oct. 21.

** Foreigners were net sellers of 117.1 billion won ($99.29 million) worth of shares on the main board.

** The won was quoted at 1,187.0 per dollar on the onshore settlement platform <KRW=KFTC>, 0.33% lower than its previous close at 1,183.1.

** In offshore trading, the won was quoted at 1,187.1 per U.S. dollar, down 0.2% from the previous day, while in non-deliverable forward trading its one-month contract <KRW1MNDFOR=> was quoted at 1,185.3 per dollar.

** MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was down 0.61%, after U.S. stocks slid around 1% overnight [MKTS/GLOB]. Japanese stocks <.N225> fell 0.95%.

** The KOSPI has risen 1.64% so far this year, and gained 1.3% in the previous 30 trading sessions.

** Trading volume during the session in the KOSPI index was 173.62 million shares and, of the total traded issues of 900, the number of advancing shares was 159.

** The won has lost 6.0% against the dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds fell 0.03 points to 110.29, while the 3-month Certificate of Deposit rate was quoted at 1.53% in late afternoon trade.

** The most liquid 3-year Korean treasury bond yield rose by 1.2 basis points to 1.434% in late afternoon trade, while the benchmark 10-year yield rose by 3.2 basis points to 1.714%.

(Reporting by Hayoung Choi; Editing by Sriraj Kalluvila)

Stocks mentioned in the article
ChangeLast1st jan.
EURO / ARGENTINE PESO (EUR/ARS) -0.08% 66.252 Delayed Quote.53.56%
EURO / BRAZILIAN REAL (EUR/BRL) 0.00% 4.5977 Delayed Quote.3.27%
HEWLETT PACKARD ENTERPRISE -0.31% 15.84 Delayed Quote.19.91%
KOSPI COMPOSITE INDEX 0.48% 2107.02 Real-time Quote.2.71%
LME ALUMINIUM CASH -0.91% 1750 End-of-day quote.-5.81%
US DOLLAR / ARGENTINE PESO (USD/ARS) 0.01% 59.739 Delayed Quote.59.25%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on KOSPI COMPOSITE INDEX
12/09Asian stocks pulled higher by Wall St jobs rally but China caution prevails
RE
12/08South Korea's vice finance minister says to act swiftly if volatility in fina..
RE
12/05South Korean stocks end lower as investors shrug off positive trade signals
RE
12/04South Korea stocks post modest gains amid positive trade headlines
RE
12/04South Korean stocks, won tumble as Trump stirs concerns of trade war dragging..
RE
12/03South Korea stocks fall as trade hopes wane on Trump comments
RE
12/03South Korean stocks fall as Trump's tariffs on Brazil, Argentina hit risk app..
RE
12/02South Korea stocks sag on Trump's tariffs against Brazil, Argentina
RE
12/02South Korea stocks end higher on upbeat China factory activity data
RE
12/01South Korea stocks rise on upbeat China factory activity data
RE
More news
Chart KOSPI COMPOSITE INDEX
Duration : Period :
KOSPI Composite Index Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KOSPI COMPOSITE INDEX
Short TermMid-TermLong Term
TrendsBearishBullishNeutral