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S.Korean stocks end higher, investors eye key corporate earnings

10/25/2021 | 02:53am EST

* KOSPI rises, foreigners net buyers

* Korean won strengthens against U.S. dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, Oct 25 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares ended higher on Monday ahead of key corporate quarterly results at home and abroad. The won strengthened and the benchmark bond yield rose.

** The benchmark KOSPI closed 14.38 points, or 0.48%, higher at 3,020.54.

** Among the heavyweights, technology giant Samsung Electronics fell 0.28%, while peer SK Hynix rose 1.52%. Battery maker LG Chem added 0.37% but Naver fell 1.23%.

** Samsung Electronics and SK Hynix are expected to report their earnings results on Thursday and Tuesday, respectively.

** Globally, Facebook will report results later on Monday, while other tech giants Microsoft, Apple and Alphabet will announce their results later in the week.

** Meanwhile, South Korea's central bank will release its third-quarter economic data early on Tuesday, which is expected to have slowed a bit on subdued domestic demand.

** The central bank said on Monday upside risks to its inflation forecast are growing and added it cannot rule out the possibility that consumer prices may rise more than 3% this month.

** Foreigners were net buyers of 35.6 billion won ($30.24 million) worth of shares on the main board.

** The won ended at 1,168.4 per dollar on the onshore settlement platform, 0.74% higher than its previous close.

** In offshore trading, the won was quoted at 1,168.7 per dollar, up 0.8% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,169.3.

** In money and debt markets, December futures on three-year treasury bonds rose 0.05 points to 108.53.

** The most liquid 3-year Korean treasury bond yield rose by 0.8 basis points to 1.897%, while the benchmark 10-year yield rose by 0.2 basis points to 2.413%. ($1 = 1,177.2300 won) (Reporting by Joori Roh; Editing by Vinay Dwivedi)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -2.50% 2837.95 Delayed Quote.61.92%
APPLE INC. 3.16% 165.3 Delayed Quote.24.58%
FACEBOOK INC -4.01% 324.46 Delayed Quote.18.78%
LG CHEM, LTD. -2.53% 694000 End-of-day quote.-15.78%
MICROSOFT CORPORATION -1.79% 330.59 Delayed Quote.48.63%
NAVER CORPORATION -1.42% 381000 End-of-day quote.30.26%
SAMSUNG ELECTRONICS CO., LTD. -1.38% 71300 End-of-day quote.-11.98%
SK HYNIX INC. -1.72% 114000 End-of-day quote.-3.80%
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