Ex-dividend trade weighs on S.Korea shares
* KOSPI flat, foreigners net sellers * Korean won strengthens against U.S. dollar * South Korea benchmark bond yield rises SEOUL, Dec 29 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares were little changed on Tuesday as a slew of blue chips trading ex-dividend countered hopes that a long-awaited U.S. pandemic aid package would be expanded. The won strengthened, while the benchmark bond yield rose. ** The benchmark KOSPI slid 0.71 points, or 0.03%, to 2,807.89 by 0245 GMT as major companies including market heavyweight Samsung Electronics went ex-dividend. Shares of Samsung Electronics were down 1.3%. ** The U.S. House of Representatives voted to increase stimulus payments to qualified Americans to $2,000 from $600, sending the measure on to the Senate for a vote. ** Back home, there were 40 new coronavirus deaths, a record daily toll, with 1,046 new infections for Monday, as the country grapples with a third wave of infections centred around nursing homes and a prison in the capital Seoul. ** South Korea unveiled a fresh 9.3 trillion won ($8.49 billion) package on Tuesday to support small businesses hit by the third wave of coronavirus and those vulnerable to unemployment due to the outbreak. ** Meanwhile, the nation's export recovery likely accelerated in December thanks to strong chip demand, though the pandemic continued to add pressure on domestic consumption, a Reuters poll showed. ** Foreigners were net sellers of 198.6 billion won worth of shares on the main board. ** The won was quoted at 1,094.1 per dollar on the onshore settlement platform , 0.24% firmer than its previous close at 1,096.7. ** In offshore trading, the won was quoted at 1,092.8, while in non-deliverable forward trading its one-month contract was quoted at 1,091.8. ** In money and debt markets, March futures on three-year treasury bonds fell 0.03 point to 111.50. ** The most liquid 3-year Korean treasury bond yield rose by 1.3 basis points to 0.972%. (Reporting by Joori Roh; Editing by Subhranshu Sahu)
Our Standards: The Thomson Reuters Trust Principles.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.