South Korean shares set for second weekly decline as parliament discusses Yoon's impeachment
SOUTHKOREA-MARKETS/MIDDAY:South Korean shares set for second weekly decline as parliament discusses Yoon's impeachment
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KOSPI falls, foreigners net sellers
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Korean won weakens against dollar
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South Korea benchmark bond yield falls
SEOUL, - Round-up of South Korean financial markets:
** South Korean shares fell on Friday and were set to log a second week of decline as the nation's parliament discussed the impeachment of President Yoon Suk Yeol for trying to impose martial law.
The won weakened, while the benchmark bond yield fell.
** The benchmark KOSPI was down 23.46 points, or 0.96%, at 2,418.39 as of 0412 GMT. For the week, the index declined 1.5%.
** Among index heavyweights, chipmaker Samsung Electronics rose 0.37% and peer SK Hynix lost 3.76%, while battery maker LG Energy Solution climbed 1.44%.
** Hyundai Motor shed 0.49% and sister automaker Kia Corp gained 0.74%, while search engine Naver and instant messenger Kakao were down 0.74% and down 0.11%, respectively.
** South Korea's ruling party leader said on Friday President Yoon Suk Yeol needs to be removed from authority for trying to impose martial law, but stopped short of urging members to vote for impeachment.
** South Korea's special warfare commander said he will refuse to implement any new order for martial law, media reports quoted him as saying.
** South Korea's foreign exchange authorities are believed to have sold U.S. dollars on the onshore market early on Wednesday to limit a decline in the won, two dealers said.
** Of the total 937 traded issues, 143 shares advanced, while 764 declined.
** Foreigners were net sellers of shares worth 74.1 billion won on the main board.
** The won was quoted at 1,418.6 per dollar on the onshore settlement platform, 0.09% lower than its previous close at 1,417.3.
** In offshore trading, the won was quoted at 1,418.6 per dollar, down 0.4%, while in non-deliverable forward trading its one-month contract was quoted at 1,416.9.
** The KOSPI has fallen 8.92% so far this year, and lost 5.4% in the previous 30 trading sessions.
** The won has lost 9.2% against the dollar so far this year.
** In money and debt markets, December futures on three-year treasury bonds fell 0.06 point to 106.77.
** The most liquid three-year Korean treasury bond yield rose by 0.9 basis points to 2.618%, while the benchmark 10-year yield fell by 0.8 bps to 2.736%.
This article was generated from an automated news agency feed without modifications to text.