Seoul: Stocks snap eight-day rally as vaccine euphoria begins to fade

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

[SEOUL] South Korean shares snapped an eight-session rally to end lower on Thursday, as the initial euphoria around a potential coronavirus vaccine started to fade, denting investor sentiment. Read more at The Business Times.

Foreigners were net buyers for a sixth straight session, purchasing 485.6 billion won worth of share, the longest buying streak since mid-January. They have bagged a total 3.75 trillion won worth shares for the past six days.

The won ended at 1,114.8 per US dollar on the onshore settlement platform, 0.43 per cent lower than its previous close at 1,110.0. In offshore trading, the won was quoted at 1,114.7, down 0.2 per cent from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,114.9.

In money and debt markets, December futures on three-year treasury bonds rose 0.10 point to 111.63, while the three-month Certificate of Deposit rate was quoted at 0.66 per cent in late afternoon trade. The most liquid three-year Korean treasury bond yield fell by 2.3 basis points to 0.966 per cent, while the benchmark 10-year yield fell by 1.4 basis points to 1.644 per cent.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Seoul: Stocks slip from record high on profit-taking, snap five-day rally[SEOUL] South Korean shares on Wednesday slipped from a record high, ending their five-day rally, as investors booked profits. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Seoul: Stocks bounce back, Samsung Elec jumps to record high[SEOUL] South Korean shares bounced back from earlier falls on Friday, helped by sharp gains in market heavyweights including Samsung Electronics. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Seoul: Stocks gain for fourth straight week on vaccine hopes, exports outlook[SEOUL] South Korean shares ended higher on Friday, gaining for a fourth straight week, helped by a slew of potentially successful coronavirus vaccines on the table and an upbeat outlook for November exports. The Korean won held steady, while the benchmark bond yield fell. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Seoul: Stocks end on a record high[SEOUL] South Korean shares extended their rally on Friday to touch a record high on Samsung Electronics and SK Hynix surge and foreign buying, despite the virus spurt at home. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Seoul: Stocks close at record high for fifth straight session[SEOUL] South Korean shares posted a record closing high on Monday for the fifth straight session, as retail investors continued to snap up tech giants such as Samsung Electronics and SK Hynix. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »