S.Korea stocks rise for sixth day ahead of tech, auto earnings

Cubic Korea

19/04/2021 04:12

* KOSPI rises, foreigners net sellers
    * Korean won strengthens against U.S. dollar
    * South Korea benchmark bond yield falls

    SEOUL, April 19 (Reuters) - Round-up of South Korean
financial markets:
    
** South Korean shares rose on Monday, as investors weighed the
recovery in global growth and upcoming corporate earnings of
domestic tech giants and carmakers. The won strengthened, while
the benchmark bond yield fell.
    
** The benchmark KOSPI  .KS11  rose 14.27 points, or 0.45%, to
3,212.89 as of 02:36 GMT.
    
** Investors are focusing on first quarter earnings expected
over the next few days, especially by chipmakers amid a global
shortage of chips, says Seo Sang-young, an analyst at Mirae
Asset Securities.     
    
** Among the heavyweights, technology giant Samsung Electronics
 005930.KS  fell 0.12% and peer SK Hynix  000660.KS  rose 0.73%,
while LG Chem  051910.KS  fell 0.33% and Naver  035420.KS  fell
0.13%.
    
** Foreigners were net sellers of 87.6 billion won ($78.38
million) worth of shares on the main board. 
    
** The won was quoted at 1,115.2 per dollar on the onshore
settlement platform  KRW=KFTC , 0.10% higher than its previous
close at 1,116.3.
    
** In offshore trading, the won  KRW=  was quoted at 1,116.1 per
dollar, up 0.0% from the previous day, while in non-deliverable
forward trading its one-month contract  KRW1MNDFOR=  was quoted
at 1,115.7.
    
** The KOSPI has risen 11.81% so far this year, and gained 5.7%
in the previous 30 trading sessions.
    
** The trading volume during the session in the KOSPI index
 .KS11  was 664.51 million shares. Of the total traded issues of
906, the number of advancing shares was 448.
    
** The won has lost 2.6% against the dollar so far this year.
** In money and debt markets, June futures on three-year
treasury bonds  KTBc1  rose 0.08 points to 110.88.
    
** The most liquid 3-year Korean treasury bond yield fell by 1.7
basis points to 1.138%, while the benchmark 10-year yield fell
by 3.3 basis points to 1.991%.


($1 = 1,117.6500 won)

 (Reporting by Cynthia Kim; Additional reporting by Jihoon Lee;
Editing by Rashmi Aich)
 ((Cynthia.Kim@thomsonreuters.com; 822 3704 5655; Reuters
Messaging: cynthia.kim.thomsonreuters.com@reuters.net))