S. Korean shares end little changed; US, China events weigh on sentiment

Korea Electric Power

16/05/2023 07:31

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      KOSPI almost flat, foreigners net buyers
    

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      Korean won weakens against dollar
    

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      South Korea benchmark bond yield falls
    

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      For the midday report, please click  urn:newsml:reuters.com:*:nL1N37D03O
    

  
       SEOUL, May 16 (Reuters) - Round-up of South Korean
financial markets:
    
    ** South Korean shares closed flat after a lacklustre trade
on Tuesday, with gains by a few heavyweight issues barely
offsetting selloff amid concerns about China's weak economic
recovery and uncertainties over the U.S. debt ceiling talks.
    ** The benchmark KOSPI  .KS11  closed up 0.89 points, or
0.04%, at 2,480.24. Still, losers far outnumbered gainers by 565
to 305, reflecting a weak underlying sentiment.
    ** Technology giant Samsung Electronics  005930.KS  rose
1.40% and peer SK Hynix  000660.KS  gained 4.63%, while battery
maker LG Energy Solution  373220.KS  declined 0.92%.
    ** Foreigners were net buyers of shares worth 226.2 billion
won ($171.24 million). 
    ** The won ended onshore trade  KRW=KFTC  at 1,338.6 per
dollar, 0.12% lower than its previous close at 1,337.0. 
    ** In offshore trading, the won  KRW=  was quoted at 1,338.1
per dollar, down 0.2% on the day, while in non-deliverable
forward trading its one-month contract  KRW1MNDFOR=  was quoted
at 1,335.5.
    ** The KOSPI has risen 10.90% so far this year, and gained
1.1% in the previous 30 trading sessions.
    ** The won has lost 5.5% against the dollar so far this
year.
    ** In money and debt markets, June futures on three-year
treasury bonds  KTBc1  rose 0.12 points to 105.08.
    ** The most liquid three-year Korean treasury bond yield
fell by 3.5 basis points to 3.245%, while the benchmark 10-year
yield fell by 2.3 basis points to 3.309%.    
 ($1 = 1,320.9300 won)

 (Reporting by Choonsik Yoo)
 ((choonsik.yoo@thomsonreuters.com))