South Korea shares end lower; chipmakers fall ahead of Samsung earnings
South Korea's benchmark KOSPI index closed down 0.89% at 6,941.39, with chipmakers Samsung Electronics and SK Hynix falling 1.45% and 3.69% respectively, as investors awaited Samsung Electronics' earnings report. The won weakened against the dollar and the 10-year bond yield fell.
KOSPI falls, foreigners net sellers Korean won weakens against dollar South Korea benchmark bond yield falls For the midday report, please click... SEOUL, Oct 6 (Reuters) — Round-up of South Korean financial markets: * South Korean shares fell on Tuesday as chipmakers declined ahead of Samsung Electronics' earnings later this week. 39. Local markets were closed on Monday for a public holiday.
* South Korea's finance minister said economic growth was seen in the 3% range this year as growth momentum was expanding. He also said authorities would make efforts to stabilise the foreign exchange market and consider more cuts in bond issuance depending on market conditions. * "Samsung Electronics' earnings will be positive because memory chip prices have been rising continuously, but high bond yields weigh on the overall market," said Seo Sang-young, an analyst at Mirae Asset Securities. 69%.
27%, respectively. 25%. * Of the total 918 traded issues, 425 shares advanced, while 461 declined. 34 billion).
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