Seoul: Stocks gain for fourth straight week on vaccine hopes, exports outlook

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[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.

Although the gains weren't big as US markets were closed, positive sentiment continued on foreign buying, and focus for remains on Korea's exports data and other US economic indicators next week, says Seo Sang-young, an analyst at Kiwoom Securities.The won was quoted at 1,103.2 per US dollar on the onshore settlement platform, 0.13 per cent higher than its previous close at 1,104.6.

The Kospi has risen 19.83 per cent so far this year, and gained 11.2 per cent in the previous 30 trading sessions. The trading volume during the session in the Kospi index was 1,180.77 million shares. Of the total traded issues of 905, the number of advancing shares was 487.In money and debt markets, December futures on three-year treasury bonds rose 0.01 point to 111.61.

The most liquid three-year Korean treasury bond yield fell by 0.1 basis point to 0.980 per cent, while the benchmark 10-year yield fell by 2.3 basis points to 1.634 per cent.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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