S.Korean shares drop to lowest since mid-2020 as recession fears grow


KOSPI falls, foreigners net sellers


Korean won weakens against U.S. dollar


South Korea benchmark bond yield rises


For the midday report, please click

SEOUL, Sept 26 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares dropped to the lowest in more than two years on Monday while the won posted its sharpest daily loss since March 2020, as fears of a global recession grew after Britain announced new tax cuts and huge increase in borrowing. ** The Korean won weakened, while the benchmark bond yield rose.

** The benchmark KOSPI .KS11 was down 69.06 points, or 3.02%, at 2,220.94, as of 0630 GMT, the lowest close since July 27, 2020.

** Among heavyweights, technology giant Samsung Electronics 005930.KS fell 1.10% and peer SK Hynix 000660.KS dropped 1.20%, while battery maker LG Energy Solution 373220.KS slipped 3.04%. ** Britain's new measures to support the economy as well as Italy's election results sparked worries about a further downturn in the global economy, said Park Gwang-nam, an analyst at Mirae Asset Securities.

** Britain's new finance minister, Kwasi Kwarteng, unleashed historic tax cuts and huge increases in borrowing on Friday in an economic agenda that floored financial markets, sending the sterling and British government bonds into freefall.

** Oil prices plunged about 5% to an eight-month low on Friday as the U.S. dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession, cutting demand for oil.

** The trading volume during the session in the KOSPI index .KS11 was 611.40 million shares. Of the total traded issues of 931, the number of advancing shares was 34.

** Foreigners were net sellers of shares worth 5.9 billion won on the main board.

** The won was quoted at 1,431.3 per dollar on the onshore settlement platform KRW=KFTC , 1.54% lower than its previous close at 1,409.3.

** The most liquid 3-year Korean treasury bond yield rose by 31.0 basis points to 4.440%, while the benchmark 10-year yield rose by 18.6 basis points to 4.293%.
Reporting by Cynthia Kim; Additional reporting by Youn Ah Moon; Editing by Sherry Jacob-Phillips

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。