Seoul: Stocks jump on stimulus hopes, Samsung Elec leads gain

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[SEOUL] South Korean shares soared more than 1 per cent on Monday, with Samsung Electronics leading gains, as sentiment was boosted on hopes of a coronavirus relief package in the United States. Read more at The Business Times.

Foreigners were net buyers of 158.8 billion won worth of shares on the main board.

The won was quoted at 1,196.8 per US dollar on the onshore settlement platform, 0.39 per cent higher than its previous close at 1,201.5. In offshore trading, the won was quoted at 1,197.4 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 1,196.6.The trading volume was 542.93 million shares. Of the total traded issues of 901, the number of advancing shares was 582.

In money and debt markets, September futures on three-year treasury bonds fell 0.01 point to 112.21, while the three-month Certificate of Deposit rate was quoted at 0.78 per cent. The most liquid three-year Korean treasury bond yield rose by 0.5 basis point to 0.804 per cent, while the benchmark 10-year yield fell by 0.6 basis point to 1.299 per cent.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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