Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
News
All NewsCompaniesIndexesCurrency / ForexCommoditiesCryptocurrenciesETFInterest RatesEconomyThemesSectors 

South Korean shares rebound from two-week low on upbeat Wall Street

11/23/2022 | 02:09am EST

*

KOSPI rises, foreigners net buyers

*

Korean won strengthens against dollar

*

South Korea benchmark bond yield falls

*

For the midday report, please click

SEOUL, Nov 23 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares rebounded from a near two-week low on Wednesday, tracking Wall Street's overnight strength, and led by upbeat platform and entertainment stocks. The Korean won strengthened, while the benchmark bond yield was unchanged.

** The benchmark KOSPI ended up 12.74 points, or 0.53%, at 2,418.01, rebounding from Tuesday's close at the index's lowest since Nov. 10.

** "Expectations are high for robust consumer spending in the United States, while recent circumstances reverse the hopes for reopening in China," said Kim Seok-hwan, analyst at Mirae Asset Securities.

** Among heavyweights, technology giant Samsung Electronics rose 0.66%, while peer SK Hynix was flat. Battery maker LG Energy Solution fell 1.75%.

** Platform giant Kakao jumped 2.58% on reports that Saudi Arabia's state-run Public Investment Fund is considering investment in its entertainment subsidiary. Peer Naver rose 0.55%.

** Small-cap media content and entertainment shares surged after a Chinese streaming platform resumed distributing South Korean content after suspending it for nearly six years.

** Online game producers also jumped, with Netmarble Corp and NCSOFT Corp up 2.67% and 2.01% each, after a media report said China has resolved the problem of game addiction among its youth.

** SK Bioscience dropped 7.84% on reports of the vaccine maker suspending its COVID-19 vaccine production.

** Foreigners were net buyers of shares worth 83.3 billion won ($61.58 million).

** The won ended 0.36% higher at 1,351.8 per dollar on the onshore settlement platform, snapping a five-session falling streak.

** In money and debt markets, December futures on three-year treasury bonds rose 0.04 points to 103.23.

** The most liquid three-year Korean treasury bond yield rose by 3.0 basis points to 3.859%, while the benchmark 10-year yield rose by 1.3 basis points to 3.783%. ($1 = 1,352.7700 won) (Reporting by Jihoon Lee; Editing by Rashmi Aich)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
KAKAO CORP. 1.30% 62200 End-of-day quote.17.14%
KOSPI COMPOSITE INDEX 0.47% 2480.4 Real-time Quote.10.91%
LG ENERGY SOLUTION, LTD. 0.19% 522000 End-of-day quote.19.86%
NAVER CORPORATION 1.48% 205500 End-of-day quote.15.77%
NCSOFT CORPORATION 0.99% 458500 End-of-day quote.2.34%
NETMARBLE CORPORATION 0.49% 61300 End-of-day quote.1.49%
S&P GSCI COCOA INDEX -0.54% 100.9034 Real-time Quote.-0.31%
SAMSUNG ELECTRONICS CO., LTD. 1.31% 61800 End-of-day quote.11.75%
SK BIOSCIENCE CO.,LTD. 2.67% 77000 End-of-day quote.4.76%
SK HYNIX INC. 3.28% 91400 End-of-day quote.21.87%
Latest news "Economy"
05:55pTesla and ceo elon musk are not liable in securities fraud case…
RE
05:50pWall St. ends down after stunning jobs growth
RE
05:44pU.s. jury reaches verdict in tesla securities fraud case over mu…
RE
05:42pUp to IOC if Russia can compete -Paris Olympics head
RE
05:38pThe WSJ Dollar Index Rises 1.13% This Week to 96.01 -- Data Talk
DJ
05:38pEuro Lost 0.64% to $1.0799 -- Data Talk
DJ
05:38pSterling Lost 2.74% to $1.2056 -- Data Talk
DJ
05:38pDollar Gains 1.02% to 131.18 Yen -- Data Talk
DJ
05:32pDogecoin Gained 1.87% to $0.092 at 5 p.m. ET -- Data Talk
DJ
05:32pEthereum Gained 1.01% to $1657.36 at 5 p.m. ET -- Data Talk
DJ
Latest news "Economy"