Economic news

S.Korean stocks log third weekly decline on inflation risks

* KOSPI falls, foreigners net buyers

* Korean won weakens against U.S. dollar

* South Korea benchmark bond yield falls

* For the midday report, please click

SEOUL, Nov 5 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares logged a third weekly decline on Friday, even as Wall Street continued to rally, as growing inflationary risks and hiccups in global supply chain dented risk appetite. The Korean won weakened, while the benchmark bond yield fell.

** The benchmark KOSPI closed down 13.95 points, or 0.47%, at 2,969.27, as of 0632 GMT.

** Among the heavyweights, technology giant Samsung Electronics fell 0.57% and peer SK Hynix rose 0.94%, while shares of LG Chem fell 0.51% and Naver dipped 0.24%.

** There is no strong momentum and logistical issues surrounding manufacture sector is hurting investor sentiment, said Park Kwang-nam, an analyst at Mirae Asset Digital Research.

** Foreigners were net buyers of 41.5 billion won worth of shares on the main board.

** The won was quoted at 1,185.2 per dollar on the onshore settlement platform, 0.22% lower than its previous close at 1,182.6.

** In offshore trading, the won was quoted at 1,185.0 per dollar, up 0.1% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,185.2.

** The KOSPI has risen 3.33% so far this year, but lost 4.7% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 675.89 million shares. Of the total traded issues of 928, the number of advancing shares was 269.

** The won weakened 8.3% against the dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds rose 0.25 points to 108.51.

** The most liquid 3-year Korean treasury bond yield fell by 9.2 basis points to 1.948%, while the benchmark 10-year yield fell by 7.7 basis points to 2.351%.

(Reporting by Cynthia Kim; Additional reporting by Jihoon Lee)

Source: Reuters


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