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End-of-day quote Korea Stock Exchange  -  2022-08-17
61500.00 KRW   +1.82%
04:04pApplied Materials forecasts fourth-quarter revenue above estimates
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S.Korean shares fall over 1% after Fed chief's comment; won hits 13-year low

06/23/2022 | 03:18am EDT

* KOSPI closes at lowest since November 2020

* Won falls below 1,300 mark for first time in 13 years

* South Korea benchmark bond yield falls

* For the midday report, please click

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

** South Korean shares closed more than 1% lower after a volatile session on Thursday, as the U.S. central bank chief acknowledged the possibility of a recession. The Korean won weakened below 1,300 per dollar for the first time since July 2009, while the benchmark bond yield fell.

** The benchmark KOSPI ended down 28.49 points, or 1.22%, at 2,314.32 - the lowest close since Nov. 2, 2020. It rose 0.79% before reversing course to fall as much as 1.55%.

** U.S. Federal Reserve Chair Jerome Powell said on Wednesday the central bank is not trying to engineer a recession to stop inflation, but acknowledged that it is "certainly a possibility."

** Risks of Fed rate hikes leading to weaker demand for durable goods will be critical to manufacturing exporters like South Korea, said Cape Investment and Securities' analyst Na Jeong-hwan.

** South Korea's finance minister said authorities would work to minimise any adverse impact from a weakening won and take steps to stabilise the foreign exchange market if necessary.

** Among heavyweights, technology giant Samsung Electronics lost 0.35% and peer SK Hynix dropped 2.17%, while battery maker LG Energy Solution inched down 0.25%.

** Foreigners were net sellers of 296.3 billion won ($227.50 million) worth of shares on the main board, extending their selling streak to a fifth session.

** Of the total traded issues of 930 on the benchmark KOSPI, only 77 shares advanced.

** The won was last quoted 0.35% lower at 1,301.8 per dollar on the onshore settlement platform, after hitting the lowest since July 14, 2009, at 1302.8.

** In offshore trading, the won was quoted down 0.3% at 1,301.4 per dollar, while in non-deliverable forward trading its one-month contract was quoted at 1,300.2.

** In money and debt markets, September futures on three-year treasury bonds fell 0.07 point to 103.36 in late afternoon trade.

** The most liquid 3-year Korean treasury bond yield rose by 1.1 basis points to 3.569%, while the benchmark 10-year yield fell by 3.2 basis points to 3.671%.

($1 = 1,302.4200 won) (Reporting by Jihoon Lee; Editing by Subhranshu Sahu)

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.21% 0.6915 Delayed Quote.-3.32%
BRITISH POUND / US DOLLAR (GBP/USD) -0.92% 1.19321 Delayed Quote.-10.61%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.23% 0.77226 Delayed Quote.-1.59%
EURO / US DOLLAR (EUR/USD) -0.87% 1.00902 Delayed Quote.-10.49%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.47% 0.012542 Delayed Quote.-5.92%
KOSPI COMPOSITE INDEX -0.32% 2510.36 Real-time Quote.-15.39%
LG ENERGY SOLUTION, LTD. -0.33% 452000 End-of-day quote.0.00%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.31% 0.62552 Delayed Quote.-7.24%
SAMSUNG ELECTRONICS CO., LTD. 1.82% 61500 End-of-day quote.-21.46%
SK HYNIX INC. -1.44% 95700 End-of-day quote.-26.95%
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Sales 2022 314 023 B 237 B 237 B
Net income 2022 41 542 B 31,3 B 31,3 B
Net cash 2022 118 924 B 89,7 B 89,7 B
P/E ratio 2022 9,64x
Yield 2022 2,44%
Capitalization 413 552 B 312 B 312 B
EV / Sales 2022 0,94x
EV / Sales 2023 0,83x
Nbr of Employees -
Free-Float 83,0%
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