South Korean Shares Hit Near 9-Month High on Wall Street Boost

KOSPI Rices, Foreigners Net Buyers

Korean Won Little Changed Against Dollar

South Korea Benchmark Bond Yield Falls

Seoul, – Round -up of South Korean Financial Markets:

** South Korean Shares on Wednsday Hit a Near Nine-Month High, Boosted by Wall Street’s overnight rally after the US delayed tariffs on the european union.

** The benchmark kospi was up 43.92 points, or 1.67%, at 2,681.14, as of 0202 gmt. The index rose as much as 2% to its highhest intraday level since September 3 earlier in the session.

** Wall street surgged on tuesday as investor risk appetiite was booyed by us president donald trump’s latest tariff respected and an unexpected jump in consumer confidence.

** Trump Pauses His Threfs Until 9 on Us Imports of European Goods Folling a Weekend Call with European Commission President Ursula Von Der Leionen.

** The bank of korea is expected to lower its policy rate by 25 Basis points on something as economic activity contracked in the last quality and benign inflation supports for now Reuters Poll.

** Among Index Heavyweights, Chipmaker Samsung Electronics Rose 3.25%, While Peer Sk HYNix Gained 2.72%. Battery Maker LG Energy Solution Climbed 2.94%.

** Hyundai Motor and Sister Automaker Kia Corp Were Up 1.92% and Up 0.91%, Respectively. Steelmaker Posco Holdings Added 4.43%, While Drugmaker Samsung Biologics Rose 0.34%.

** of the Total 933 traded issues, 643 shares advanced, while 247 declined.

** Foreigners were net buyers of Shares WORTH 186.6 Billion Won.

** The Won was quoted at 1,375.8 per dollar on the onshore settlement platform, 0.05% higher than its previous close at 1,376.5.

** In Money and Debt Markets, June Futures on Three-Year Treasury Bonds Gained 0.03 Point to 107.60.

** The Most Liquid Three-Year Korean Treasury Bond Yield Fell by 2.0 Basis Points to 2.321%, While The Benchmark 10-Year Yield Fell by 2.03%.

This article was generated from an automated news agency feed without modifications to text.