South Korea stocks slip for third day on virus worries

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SEOUL : Round-up of South Korean financial markets:** South Korean shares slipped on Monday, led by major heavyweights, as upbeat U.S. jobs data released over the weekend failed to calm investors' worries about the resurgence in COVID-19 across the world and its economic impacts. Both the won and the benc

** South Korean shares slipped on Monday, led by major heavyweights, as upbeat U.S. jobs data released over the weekend failed to calm investors' worries about the resurgence in COVID-19 across the world and its economic impacts. Both the won and the benchmark bond yield fell.

** Among the heavyweights, technology giant Samsung Electronics rose 0.37per cent but peer SK Hynix fell 1.27per cent, while battery maker LG Chem and internet giant Naver dropped 0.83per cent and 0.45per cent, respectively. ** China's export growth unexpectedly slowed in July following outbreaks of COVID-19 cases, data on Saturday showed, while imports also lost momentum, pointing to a slowdown in the country's industrial sector.

 

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