S.Korea stocks sag on Trump's tariffs against Brazil, Argentina
Reuters-2 déc. 2019
The Korean won weakened, while the benchmark bond yield rose
economist.com
One country, two systems
Ordinary commercial porn - which is illegal in the South and access to it blocked - is not part of their remit.
uk.reuters.com
* KOSPI hits lowest since Oct. 21 * Foreigners net sellers * Korean won weakens versus U.S. dollar * South Korea benchmark bond yield rises SEOUL, Dec 3 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares dropped on Tuesday as U.S. President Donald Trump's surprise decision to impose tariffs on Brazil and Argentina rekindled fears that a trade war could be spreading. The Korean won weakened, while the benchmark bond yield rose. ** Trump on Monday announced tariffs on U.S. steel and aluminium imports from the two countries, with sentiment also hit by weak U.S. manufacturing data. ** In addition to U.S.-China trade war, risk appetite waned on signs of trade frictions between the United States and the South American countries, said Lee Young-gon, an analyst at Hana Financial Investment. ** As of 0206 GMT, the Seoul stock market's main KOSPI fell 16.27 points, or 0.78%, to 2,075.50. The index fell as much as 1.2% in early trade, its lowest intraday level since Oct. 21. ** Foreigners were net sellers of 117.1 billion won ($99.29 million) worth of shares on the main board. ** The won was quoted at 1,187.0 per dollar on the onshore settlement platform , 0.33% lower than its previous close at 1,183.1. ** In offshore trading, the won was quoted at 1,187.1 per U.S. dollar, down 0.2% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,185.3 per dollar. ** MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.61%, after U.S. stocks slid around 1% overnight . Japanese stocks fell 0.95%. ** The KOSPI has risen 1.64% so far this year, and gained 1.3% in the previous 30 trading sessions. ** Trading volume during the session in the KOSPI index was 173.62 million shares and, of the total traded issues of 900, the number of advancing shares was 159. ** The won has lost 6.0% against the dollar so far this year. ** In money and debt markets, December futures on three-year treasury bonds fell 0.03 points to 110.29, while the 3-month Certificate of Deposit rate was quoted at 1.53% in late afternoon trade. ** The most liquid 3-year Korean treasury bond yield rose by 1.2 basis points to 1.434% in late afternoon trade, while the benchmark 10-year yield rose by 3.2 basis points to 1.714%. ($1 = 1,179.3300 won) (Reporting by Hayoung Choi; Editing by Sriraj Kalluvila) |
