* KOSPI falls, foreigners net sellers
* Korean won strengthens versus U.S. dollar
* South Korea benchmark bond yield falls
SEOUL, May 29 (Reuters) – Round-up of South Korean financial
markets:
** South Korean shares fell on Friday as U.S.-China tensions
heightened after Beijing voted for a new security law on Hong
Kong and domestic factory output in April contracted at its
sharpest pace in more than a decade. The Korean won
strengthened, while the benchmark bond yield fell.
** The Seoul stock market’s benchmark KOSPI fell
7.66 points, or 0.38%, to 2,020.88 as of 0204 GMT. For the week,
the index is set to gain 2.58%.
** U.S. President Donald Trump has said he will give a news
conference on China on Friday, as his administration moves to
pressure Beijing over its treatment of Hong Kong.
** South Korea’s factory output shrank at its sharpest pace
in more than 11 years in April, official data showed on Friday,
as a spike in the number of coronavirus infections and lockdown
measures across the world decimated global demand.
** Stock prices fell mainly on worries about Sino-U.S.
tensions over Hong Kong, while a recent spike in domestic
coronavirus cases also added to investors’ angst, said Han
Ji-young, an analyst at Cape Investment & Securities.
** Foreigners were net sellers of 140.8 billion won ($113.78
million) worth of shares on the main board.
** The won was quoted 0.13% higher at 1,238.0 per dollar on
the onshore settlement platform .
** In offshore trading, the won was quoted flat at
1,238.2 per dollar, while in non-deliverable forward trading its
one-month contract was quoted at 1,237.5.
** In money and debt markets, June futures on three-year
treasury bonds rose 0.09 points to 112.21.
** The most liquid 3-year Korean treasury bond yield fell by
2.3 basis points to 0.794%, while the benchmark 10-year yield
fell by 0.2 basis points to 1.338%.
($1 = 1,237.5300 won)
(Reporting by Jihoon Lee; Editing by Ramakrishnan M.)
(([email protected]; +822 6936 0034;))
Keywords: SOUTHKOREA MARKETS/MIDDAY
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