2024-01-11 01:22:53
South Korean financial markets in brief:
** South Korean stocks were flat on Thursday in the absence of any market catalyst and as the central bank did not change interest rates, as was widely expected. The won remained stable, while benchmark bond yields fell.
**KOSPI held at 2,544.07 at 0054 GMT. The benchmark index struggled for direction following six consecutive sessions of losses.
** The Bank of Korea kept its key interest rate unchanged for an eighth straight meeting as it awaits further easing of price pressures while remaining on alert over the fallout from a construction company’s debt woes.
** Shares of chipmaker Samsung Electronics fell 0.54%, while Samsung SDS, Samsung Life Insurance and Samsung SDS fell 1.63%, 2% and 1.69%, respectively.
** Local media reported on Wednesday that family members of Samsung Electronics Chairman Jay Lee planned to sell their stakes in the companies to raise funds to pay inheritance taxes. ** Of the 939 stocks traded, 507 rose and 358 fell.
** Foreigners were net sellers of stocks worth 280.7 billion won ($213.06 million) on the main market.
** The won was quoted at 1,318.6 per dollar on the onshore settlement platform, 0.11 percent higher than its previous close at 1,320.1.
** In money and debt markets, March futures on three-year Treasury notes rose 0.04 points to 104.99.
** The yield on Korea’s most liquid three-year Treasury bonds fell 1.5 basis points to 3.254 percent, while the benchmark 10-year yield fell 1.4 basis points to 3.332 %.
($1 = 1,317.4700 won) (Reporting by Jihoon Lee; Editing by Sherry Jacob-Phillips)
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