S.Korean shares log biggest monthly gain in seven, SK group stocks jump

SK

28/06/2024 08:11

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      KOSPI rises, foreigners net buyers
    

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      Korean won strengthens 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:*:nL1N3IQ01X
    

  
       SEOUL, June 28 (Reuters) - Round-up of South Korean
financial markets:
    
    ** South Korean shares rose on Friday and ended June with
the biggest monthly gain in seven, as SK group stocks jumped
amid the conglomerate's restructuring push. 
    ** The benchmark KOSPI  .KS11  closed up 13.76 points, or
0.49%, at 2,797.82.
    ** The KOSPI rose 0.5% for the week, extending gains for a
fourth straight week. The index advanced 6.2% for the month.
    ** The KOSPI ended the second quarter with a gain of 1.9%,
marking its third straight quarterly rise.    
    ** "The market was in a wait-and-see mood and trading volume
was light ahead of U.S. inflation data," said Lee Kyoung-min, an
analyst at Daishin Securities. 
    ** Market reaction to the U.S. presidential debate was
mostly muted as no economic issue was discussed in depth, Lee
added. 
        ** The U.S. personal consumption expenditures (PCE)
price index - the Federal Reserve's preferred inflation measure
- is due at 1230 GMT.
  
    ** Among index heavyweights, automakers fell more than 1%,
but e-commerce firms advanced. Chipmakers were little changed. 
    ** SK Innovation  096770.KS  jumped 6.42%, SKC  011790.KS 
gained 6.71%, and SK Inc  034730.KS  added 4.08%. The group is
currently in the midst of internal discussions to restructure
its business, according to media reports. 
    ** Of the total 931 traded issues, 581 shares advanced,
while 296 declined.
    ** Foreigners were net buyers of shares worth 29.3 billion
won ($21.26 million) on the main board.
    ** The won ended onshore trade  KRW=KFTC  at 1,376.7 per
dollar, 0.66% higher than its previous close at 1,385.8.
    ** In money and debt markets, September futures on
three-year treasury bonds  KTBc1  rose 0.09 point to 105.18.
    ** The most liquid three-year Korean treasury bond yield
fell by 3.2 basis points to 3.190%, while the benchmark 10-year
yield fell by 4.0 basis points to 3.271%.

($1 = 1,378.3500 won)

 (Reporting by Jihoon Lee; Editing by Eileen Soreng)
 ((jihoon.lee@thomsonreuters.com;))