{"id":107257,"date":"2021-02-17T08:49:26","date_gmt":"2021-02-17T08:49:26","guid":{"rendered":"https:\/\/fin2me.com\/?p=107257"},"modified":"2021-02-17T08:49:26","modified_gmt":"2021-02-17T08:49:26","slug":"s-korea-shares-snap-three-session-winning-streak-as-virus-cases-jump-u-s-yields-rise","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/s-korea-shares-snap-three-session-winning-streak-as-virus-cases-jump-u-s-yields-rise\/","title":{"rendered":"S.Korea shares snap three-session winning streak as virus cases jump, U.S. yields rise"},"content":{"rendered":"

* KOSPI falls, foreigners net sellers<\/p>\n

* Korean won weakens against U.S. dollar<\/p>\n

* South Korea benchmark bond yield rises<\/p>\n

* For the midday report, please click<\/p>\n

SEOUL, Feb 17 (Reuters) – Round-up of South Korean financial markets:<\/p>\n

** South Korean shares fell on Wednesday, after gaining for three consecutive sessions, as investor sentiment sapped on concerns over rising coronavirus cases at home and following a surge in U.S. Treasury yields on worries that a stimulus-fuelled global recovery will stoke inflation.<\/p>\n

** The won weakened to a one-week low, while the benchmark bond yield rose.<\/p>\n

** The benchmark KOSPI ended down 29.52 points, or 0.93%, at 3,133.73, after tumbling as much as 1.5% in early trade.<\/p>\n

** South Korea\u2019s prime minister, Chung Sye-kyun, warned against the loosening enforcement of social-distancing rules after the country reported 621 new infections as of Tuesday midnight, the highest levels in 39 days.<\/p>\n

** Among major heavyweights, chip giants Samsung Electronics and SK Hynix dropped 2% and 1.9%, respectively, while LG Chem and Hyundai Motor slipped 2.2% and 1.6% each.<\/p>\n

** U.S. Treasury yields hit one-year highs on Wednesday, lending support to the dollar but pressuring lofty valuations for stocks, as investors reckoned that a stimulus-fuelled global recovery will eventually bring rising inflation.<\/p>\n

** Foreigners were net sellers of 509.3 billion won ($459.71 million) worth of shares on the main board.<\/p>\n

** The won ended at 1,107.5 per dollar on the onshore settlement platform, 0.67% weaker than its previous close at 1,100.1.<\/p>\n

** In offshore trading, the won was quoted at 1,107.3 per dollar, down 0.1% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,107.2.<\/p>\n

** In money and debt markets, March futures on three-year treasury bonds fell 0.04 points to 111.57.<\/p>\n

** The most liquid 3-year Korean treasury bond yield rose by 0.3 basis points to 0.988%, while the benchmark 10-year yield rose by 1.7 basis points to 1.867%.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

* KOSPI falls, foreigners net sellers * Korean won weakens against U.S. dollar * South Korea benchmark bond yield rises * For the midday report, […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nS.Korea shares snap three-session winning streak as virus cases jump, U.S. yields rise - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/s-korea-shares-snap-three-session-winning-streak-as-virus-cases-jump-u-s-yields-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S.Korea shares snap three-session winning streak as virus cases jump, U.S. yields rise - Fin2me\" \/>\n<meta property=\"og:description\" content=\"* KOSPI falls, foreigners net sellers * Korean won weakens against U.S. dollar * South Korea benchmark bond yield rises * For the midday report, [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/s-korea-shares-snap-three-session-winning-streak-as-virus-cases-jump-u-s-yields-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-17T08:49:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/ldqgPICAEzXOIOQlNMyG.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1396\" \/>\n\t<meta property=\"og:image:height\" content=\"785\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/s-korea-shares-snap-three-session-winning-streak-as-virus-cases-jump-u-s-yields-rise\/\",\"url\":\"https:\/\/fin2me.com\/markets\/s-korea-shares-snap-three-session-winning-streak-as-virus-cases-jump-u-s-yields-rise\/\",\"name\":\"S.Korea shares snap three-session winning streak as virus cases jump, U.S. yields rise - 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