AIRLINK 173.15 Increased By ▲ 15.74 (10%)
BOP 10.65 Increased By ▲ 0.28 (2.7%)
CNERGY 8.52 Increased By ▲ 0.20 (2.4%)
CPHL 97.46 Increased By ▲ 4.57 (4.92%)
FCCL 47.25 Increased By ▲ 0.52 (1.11%)
FFL 15.42 Increased By ▲ 0.54 (3.63%)
FLYNG 28.13 Increased By ▲ 1.15 (4.26%)
HUBC 138.91 Increased By ▲ 4.90 (3.66%)
HUMNL 12.81 Increased By ▲ 0.29 (2.32%)
KEL 4.54 Increased By ▲ 0.33 (7.84%)
KOSM 5.55 Increased By ▲ 0.16 (2.97%)
MLCF 62.26 Increased By ▲ 1.38 (2.27%)
OGDC 214.75 Increased By ▲ 6.23 (2.99%)
PACE 5.55 Increased By ▲ 0.15 (2.78%)
PAEL 44.86 Increased By ▲ 4.08 (10%)
PIAHCLA 18.70 Decreased By ▼ -0.10 (-0.53%)
PIBTL 10.74 Increased By ▲ 0.76 (7.62%)
POWER 12.26 Increased By ▲ 0.30 (2.51%)
PPL 173.87 Increased By ▲ 5.10 (3.02%)
PRL 36.22 Increased By ▲ 1.19 (3.4%)
PTC 23.56 Increased By ▲ 0.57 (2.48%)
SEARL 95.31 Increased By ▲ 2.21 (2.37%)
SSGC 39.13 Increased By ▲ 3.56 (10.01%)
SYM 14.02 Increased By ▲ 0.36 (2.64%)
TELE 7.23 Increased By ▲ 0.28 (4.03%)
TPLP 10.29 Increased By ▲ 0.29 (2.9%)
TRG 64.68 Increased By ▲ 4.01 (6.61%)
WAVESAPP 10.04 Increased By ▲ 0.34 (3.51%)
WTL 1.33 Increased By ▲ 0.03 (2.31%)
YOUW 3.70 Increased By ▲ 0.05 (1.37%)
BR100 12,492 Increased By 252.4 (2.06%)
BR30 37,694 Increased By 1300.9 (3.57%)
KSE100 116,189 Increased By 2036.1 (1.78%)
KSE30 35,750 Increased By 549.8 (1.56%)

SEOUL: Round-up of South Korean financial markets:

South Korean shares rose on Wednesday on expectations that the upcoming U.S. inflation data will allow the Federal Reserve to start cutting interest rates soon. The won strengthened, while the benchmark bond yield fell.

South Korean markets will be closed on Thursday for a public holiday.

The benchmark KOSPI rose 23.00 points, or 0.88%, to 2,644.50 by 06:30 GMT.

Among index heavyweights, chipmaker Samsung Electronics rose 1.45%, peer SK Hynix gained 2.64%, and battery maker LG Energy Solution climbed 2.28%.

Hyundai Motor shed 0.82%, sister automaker Kia Corp lost 0.49%, while search engine Naver and instant messenger Kakao were up 0.58% and up 1.10%, respectively.

South Korea’s unemployment rate decreased to 2.5% in July on a seasonally adjusted basis, from 2.8% in June, Statistics Korea data showed on Wednesday.

South Korean shares rebound as US recession fears ease

The U.S. producer price index for final demand increased 0.1% from a month ago in evidence of waning inflation pressures. Investors are waiting for the consumer price index later on Wednesday.

Of the total 936 traded issues, 652 shares advanced, while 236 declined.

Foreigners were net buyers of shares worth about 390 billion won on the main board on Wednesday.

The won was quoted at 1,358.2 per dollar on the onshore settlement platform, 0.61% higher than its previous close at 1,366.5.

In offshore trading, the won was quoted at 1,355.6 per dollar, up 0.4% on the day, while in non-deliverable forward trading its one-month contract was quoted at 1,352.8.

The KOSPI has fallen 0.41% so far this year, and lost 5.7% in the previous 30 trading sessions.

The won has lost 5.2% against the dollar so far this year.

In money and debt markets, September futures on three-year treasury bonds rose 0.09 points to 106.07.

The most liquid three-year Korean treasury bond yield fell by 3.3 basis points to 2.883%, while the benchmark 10-year yield fell by 2.4 basis points to 2.950%.

Comments

Comments are closed.