Seoul: Stocks tumble as virus dents recovery hopes

📆 6/29/2020 10:29 AM
📰 BusinessTimes

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[SEOUL] South Korean shares on Monday tumbled near 2 per cent as investors sought safe assets after a resurgence in global coronavirus cases dented recovery hopes. The Korean won inched up, while the benchmark bond yield rose. Read more at The Business Times.

YG Entertainment surged as much as 21 per cent as a new single by the company's girl-band Blackpink broke YouTube's 24-hour viewing record.The won was quoted at 1,198.6 per dollar on the onshore settlement platform, 0.17 per cent higher than its previous close at 1,200.6.

In offshore trading, the won was quoted at 1,198.5, up 0.4 per cent from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,198.2.The trading volume during the session in the Kospi index was 631.63 million shares. Of the total traded issues of 898, the number of advancing shares was 135.The most liquid three-year Korean treasury bond yield rose by 2.6 basis points to 0.

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