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

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[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

 

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