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The Financial Express

South Korean stocks rebound, won gains

Published: December 22, 2017 15:33:26 | Updated: December 25, 2017 13:53:20


File Photo (Collected) File Photo (Collected)

South Korea’s KOSPI stock index rose, while the Korean won rose in the local platform and bond yields rose.

At 06:30 GMT, the KOSPI was up 10.71 points or 0.44 per cent at 2,440.54, reports Reuters.

The benchmark index dipped to near three-month low on Thursday. For the week, the index dropped 1.7 per cent.

The won was quoted at 1,079.7 per dollar on the onshore settlement platform, 0.28 per cent firmer than its previous close at 1,082.7.

The currency was buoyed by exporters’ heavy dollar-selling reaching the end-month. It gained 0.9 per cent on a weekly basis.

The KOSPI is up around 19.9 percent so far this year, and down by 4.73 per cent in the previous 30 days.

March futures on three-year treasury bonds fell 0.13 points t o107.93.

The Korean 3-month Certificate of Deposit benchmark rate was unchanged at 1.66 per cent versus the previous close, while the benchmark 3-year Korean treasury bond yielded 2.132 per cent, higher than the previous day’s 2.09 per cent.

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