South Korean Stocks Rose on Monday
South Korean financial market rose more than 1%, boosted by signs of Trump’s improvement.
October 5-South Korean stocks rose on Monday due to hopes that the health of US President Trump will improve; strong US sales of Hyundai Motor and Kia Motors have spurred share prices to rise, which also helped boost market sentiment.
The South Korean won rose against the U.S. dollar, while the three-year bond yield rose.
At 02:34 GMT, the Korea Composite Stock Index .KS11 rose 31.76 points, or 1.36%, to 2,359.65 points.
Hyundai Motor 005380.KS and Kia Motors 000270.KS announced strong US retail sales, which incentivized their share prices to rise 4.2% and 6.4%, respectively.
Foreign investors bought more than 184.953 billion won in KOSPI.
The Korean won against the US dollar KRW=KFTC reported 1,163.6 on the domestic settlement platform; it was up 0.51% from the previous day’s closing price of 1,169.5.
In offshore transactions, the Korean won against the US dollar KRW= reported 1,163.4, up 0.2% from the previous day, and one-month non-deliverable forward foreign exchange (NDF) KRW1MNDFOR= reported 1,162.9.
Three-year government bond December futures KTBc1 fell 0.08 points to 112.
The index three-year bond yield KR3YT=RR was 0.871%, which was 0.846% higher than the previous closing price. The yield on the benchmark 10-year Treasury note rose 2.7 basis points to 1.457%.
South Korean Stocks Rose on Monday - /10