{"id":119830,"date":"2021-08-13T07:27:38","date_gmt":"2021-08-13T07:27:38","guid":{"rendered":"https:\/\/fin2me.com\/?p=119830"},"modified":"2021-08-13T07:27:38","modified_gmt":"2021-08-13T07:27:38","slug":"s-korean-stocks-log-sharpest-weekly-decline-since-feb-as-chip-shares-dive","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/s-korean-stocks-log-sharpest-weekly-decline-since-feb-as-chip-shares-dive\/","title":{"rendered":"S.Korean stocks log sharpest weekly decline since Feb as chip shares dive"},"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, Aug 13 (Reuters) – Round-up of South Korean financial markets:<\/p>\n

** South Korean shares fell on Friday, and logged their sharpest weekly decline since February, after foreigners sold semiconductor stocks and as local cases of COVID-19 surged. The Korean won weakened, while the benchmark bond yield rose.<\/p>\n

** The benchmark KOSPI fell 37.09 points, or 1.16%, to 3,171.29 as of 0632 GMT. For the week, the index dropped 3.03%.<\/p>\n

** Among the heavyweights, technology giant Samsung Electronics fell 3.38%, while peer SK Hynix rose 1%. LG Chem rose 2.05% and Naver fell 0.91%.<\/p>\n

** Foreigners were net sellers of 2,693.1 billion won worth of shares on the main board.<\/p>\n

** The won was quoted at 1,169.0 per dollar on the onshore settlement platform, 0.67% lower than its previous close at 1,161.2.<\/p>\n

** There is a bit of instability in the market and fears about a further drop in chip shares, while worsening outbreak of the Delta variant also dented sentiment, said Lee Kyoung-min, an analyst at Daishin Securities.<\/p>\n

** In offshore trading, the won was quoted at 1,168.6 per dollar, down 0.5% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,168.9.<\/p>\n

** The KOSPI has risen 10.36% this year, but has lost 2.2% in the previous 30 trading sessions.<\/p>\n

** The trading volume during the session in the KOSPI index was 684.46 million shares. Of the total traded issues of 918, the number of advancing shares was 164.<\/p>\n

** The won has lost 7.1% against the dollar this year.<\/p>\n

** In money and debt markets, September futures on three-year treasury bonds rose 0.03 points to 110.38.<\/p>\n

** The most liquid 3-year Korean treasury bond yield fell by 0.6 basis points to 1.407%, while the benchmark 10-year yield rose by 0.3 basis points to 1.924%.<\/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.Korean stocks log sharpest weekly decline since Feb as chip shares dive - 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-korean-stocks-log-sharpest-weekly-decline-since-feb-as-chip-shares-dive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S.Korean stocks log sharpest weekly decline since Feb as chip shares dive - 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-korean-stocks-log-sharpest-weekly-decline-since-feb-as-chip-shares-dive\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-13T07:27:38+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-korean-stocks-log-sharpest-weekly-decline-since-feb-as-chip-shares-dive\/\",\"url\":\"https:\/\/fin2me.com\/markets\/s-korean-stocks-log-sharpest-weekly-decline-since-feb-as-chip-shares-dive\/\",\"name\":\"S.Korean stocks log sharpest weekly decline since Feb as chip shares dive - 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