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Seoul: Stocks gain as country stops short of toughest virus rules

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[SEOUL] South Korean shares ended higher on Friday, following gains in Wall Street and as the country's extension of the current social distancing measures, instead of a toughening, eased worries about further economic fallout from the coronavirus. Both the won and the benchmark bond yield rose. Read more at The Business Times.

Full month data is due on Sept 1.

Meanwhile, local financial markets shrugged off news that Japan's Prime Minister Shinzo Abe is set to resign, but shares of some consumer brands that compete with Japanese manufacturers surged shortly after.The won ended trading at 1,184.3 per US dollar on the onshore settlement platform, 0.06 per cent higher than its previous close, while it gained 0.17 per cent on a weekly basis.

In offshore trading, the won was quoted at 1,183.9 per US dollar, up 0.3 per cent from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,183.9.The most liquid three-year Korean treasury bond yield rose by 4.1 basis points to 0.893 per cent, while the benchmark 10-year yield rose by 6.9 basis points to 1.490 per cent.For daily updates on weekdays and specially selected content for the weekend.

 

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