Picture of Samsung Electronics Co logo

SMSN Samsung Electronics Co News Story

0.000.00%
gb flag iconLast trade - 00:00
TechnologyAdventurousLarge CapHigh Flyer

South Korean shares end lower on Middle East uncertainty

South Korean shares end lower on Middle East uncertainty

KOSPI falls, foreigners net sellers

Korean won strengthens against dollar

South Korea benchmark bond yield rises

For the midday report, please click nL1N42R03O

- Round-up of South Korean financial markets:

** South Korean shares ended lower on Friday, after hitting an all-time high, amid uncertainty over the Middle East conflict.

** The benchmark KOSPI .KS11 closed down 11.42 points, or 0.13%, at 9,052.42. During the session, it rose as much as 3.55% to a record high.

** For the week, the index rose 11.4%, the biggest since early May.

** Talks that had been planned for Friday between the United States and Iran at the Burgenstock mountaintop resort in Switzerland will not take place, according to a statement from the Swiss foreign ministry.

** Among index heavyweights, chipmaker Samsung Electronics 005930.KS ended down 2.34%, after hitting a record high earlier in the session. Peer SK Hynix 000660.KS gained 2.94% to notch a record close.

** Battery maker LG Energy Solution 373220.KS climbed 1.13%, while Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were up 2.00% and down 2.46%, respectively.

** Steelmaker POSCO Holdings 005490.KS shed 2.86%, while drugmaker Samsung BioLogics 207940.KS fell 3.92%.

** Of the 918 issues traded, 115 advanced, while 787 declined.

** Foreigners were net sellers of shares worth 353.0 billion won ($231.34 million).

** The won was quoted at 1,526.0 per dollar on the onshore settlement platform KRW=KFTC, 0.92% higher than its previous close at 1,540.0.

** In money and debt markets, September futures on three-year treasury bonds KTBc1 lost 0.09 point to 102.94.

** The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 2.7 basis points to 3.784%, while the benchmark 10-year yield KR10YT=RR rose by 5.4 basis points to 4.169%.

($1 = 1,525.9000 won)


(Reporting by Jihoon Lee; Editing by Rashmi Aich)

((jihoon.lee@thomsonreuters.com;))

Recent news on Samsung Electronics Co

See all news