S.Korea stocks slide on downbeat U.S. jobs data, surging COVID-19 cases at home

* KOSPI falls, foreigners turn net sellers for first time in
7
days
* Korean won gains against U.S. dollar
* South Korea benchmark bond yield falls

SEOUL, April 9 (Reuters) - Round-up of South Korean
financial markets:

** South Korean shares fell on Friday, snapping a six-day
winning streak, as softer-than-expected U.S. labour data and
worries over a surge in local coronavirus infections dented
investor sentiment. The won gained, while the benchmark bond
yield fell.

** The benchmark KOSPI fell 15.41 points, or 0.49%,
to 3,127.85 as of 0217 GMT.

** Among heavyweights, chip giants Samsung Electronics
and SK Hynix fell 1.18% and 2.43%,
respectively, while battery maker LG Chem slid
0.62%.

** A U.S. jobless claims report showed a second straight
weekly increase on Thursday, conflicting with the streak of
strong economic data from payrolls and job vacancies that had
buoyed investor confidence in a quick economic rebound.


** Meanwhile, South Korea reported 671 new coronavirus cases
for Thursday, a day after reporting its highest daily tally
since early July, further weighing on the sentiment.


** Foreigners were net sellers of 183.4 billion won ($164.15
million) worth of shares on the main board, snapping the six
straight sessions of buying spree.

** The won was quoted at 1,116.0 per dollar on the onshore
settlement platform , 0.11% higher than its previous
close at 1,117.2.

** In offshore trading, the won was quoted at 1,117.4
per dollar, down 0.1% from the previous day, while in
non-deliverable forward trading its one-month contract
was quoted at 1,117.2.

** In money and debt markets, June futures on three-year
treasury bonds rose 0.04 points to 110.84.

** The most liquid 3-year Korean treasury bond yield rose by
0.6 basis points to 1.156%, while the benchmark 10-year yield
fell by 2.2 basis points to 1.990%.

($1 = 1,117.2500 won)

(Reporting by Joori Roh; Editing by Shailesh Kuber)


2021-04-09 04:35:40

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