Seoul shares close tad higher ahead of key US jobs data
South Korean stocks closed slightly higher Friday ahead of the US payrolls data release. The local currency rose against the US dollar.
The benchmark Korea Composite Stock Price Index added 5.13 points, or 0.21 percent, to close at 2,408.73.
Trading volume was slim at 284.6 million shares worth 6.36 trillion won ($4.71 billion), with gainers outpacing losers 652 to 220.
Foreigners sold off a net 325.4 billion won worth of shares, continuing their selling streak for the 11th consecutive trading day, while retail investors and institutions bought a net 137.9 billion won and 179.8 billion worth of shares, respectively.
Overnight, all three US indexes slipped as investors were on edge ahead of the monthly non-farm payrolls data to be released later in the day, which will be a decisive factor in forecasting whether the Fed will keep its rates in place next month or go for another hike.
"The Kospi's rise was limited, as investors took a wait-and-see approach ahead of the release of the US employment report for September," Lee Kyoung-min, an analyst at Daishin Securities Co., said.
Lee said the job data is expected to show a slowdown in job growth, easing pressure on the Fed to go for a further rate hike.
In Seoul, top-cap shares traded mixed.
Market bellwether Samsung Electronics fell 1.05 percent to 66,000 won, but No. 2 chipmaker SK hynix gained 0.17 percent to 120,400 won.
Auto shares were strong.
Top automaker Hyundai Motor added 0.89 percent to 192,200 won and its affiliate Kia jumped 2.04 percent to 85,200 won thanks to reports they decided to adopt Tesla's electric vehicle charging ports in the US.
IT and financial stocks also ended in positive terrain.
Internet portal operator Naver rose 0.79 percent to 190,900 won, and Kakao, the operator of the country's top mobile messenger, advanced 2.94 percent to 42,050 won.
KB Financial Group soared 4.1 percent to 55,800 won, Shinhan Financial Group jumped 3.06 percent to 35,350 won, and Hana Financial Group shot up 4.65 percent to 42,800 won.
Bio shares also gained ground, with Samsung Biologics up 1.11 percent to 731,000 won, and Celltrion up 3.95 percent to 137,000 won.
But battery shares ended in negative terrain.
Industry leader LG Energy Solution lost 0.75 percent to 464,000 won and its smaller rival Samsung SDI retreated 1.64 percent to 481,000 won.
Energy shares ended in positive terrain.
Industry leader LG Energy Solution rose more than 2.5 percent to 467,500 won, and its smaller rival Samsung SDI added 0.93 percent to 489,000 won.
The local currency ended at 1,349.90 won against the greenback, up 0.6 won from the previous session's close.
Bond prices, which move inversely to yields, closed higher. The yield on three-year Treasurys fell 6.6 basis points to 4.015 percent, and the return on the benchmark five-year government bonds lost 7.5 basis points to 4.105 percent.
South Korean stock, ETF, derivatives and commodity markets will all be closed for the next three days, as Monday is the Hangeul Day holiday, which celebrates the proclamation of the Korean alphabet. (Yonhap)
-
Labor unions slam government efforts to attract more foreign workersReeling from election loss, ruling party picks new leader posts[view] 민심 더 싸늘해지는데…감동 없는 김기현 2기US strategic bomber B'Do not open plane doors' warning mandated for planes in flight김성원 여의도연구원장 "공천장사 지라시, 허위사실 유포로 고소"'Apgujeong Box Girl' sparks online debateSC Bank Korea CEO nominated for fourth termLS Materials to tap deeper into EV, green energy markets[Our Museums] Discover wisdom of hanok at Eunpyeong History Hanok Museum
下一篇:China’s AliExpress eyes expansion in Korea
- ·LG Electronics CEO to present AI vision at CES
- ·'Apgujeong Box Girl' sparks online debate
- ·S. Korean diplomat discusses NK human rights with US envoy
- ·S. Korea set to open largest
- ·Seoul shares start lower ahead of key rate decision
- ·오세훈, ‘TBS 폐지’ 묻자 “그런 일 생겨서는 안 돼”
- ·TvN Sports, CGV to screen Bundesliga’s first ‘Korean derby’
- ·[Contribution] Why hope matters in climate crisis
- ·China’s AliExpress eyes expansion in Korea
- ·MBK chairman makes donation to promote Korean art at New York's Met
- ·Gimbap and hanja cramming: Life of Korean Studies students in Paris
- ·이준석, 눈물의 회견…尹대통령 향해 "與 묵언 수행 저주 풀라"
- ·BTS gets 6th top honor at 2023 MAMA Awards
- ·S. Korea, US, Japan install trilateral communication hotline amid N. Korea, China challenges
- ·MBK chairman makes donation to promote Korean art at New York's Met
- ·Supporters of Israel hold rally in Seoul, urge Hamas to stop atrocities
- ·"조선의 샛별 여장군, 세계가 우러러 볼것"…北, 김주애도 우상화
- ·SC Bank Korea CEO nominated for fourth term
- ·'Apgujeong Box Girl' sparks online debate
- ·Hyundai Rotem to showcase new ground weapons systems at Seoul expo
- ·Hanwha Ocean developing submarine stealth technology
- ·Import prices up for 3rd month in September on higher oil prices
- ·윤 대통령 “국민소통·현장소통·당정소통 강화하라”
- ·'Apgujeong Box Girl' sparks online debate
- ·Trilateral cooperation unaffected by US election outcomes: Goldberg
- ·Hyundai Rotem to showcase new ground weapons systems at Seoul expo
- ·N.Korea blasts Yoon for denouncing military ties with Russia at UN
- ·SKC to build bioplastics plant in Vietnam
- ·[Herald Interview] Love is what defines artist Dawn
- ·Rebellions' AI chip to undergo IBM quality testing
- ·Benois de la Danse winner Kang Mi
- ·Broadcom to appeal S. Korean regulator's fine over unfair Samsung Electronics deal
- ·[Today’s K
- ·Yoon's approval rating edges up after 6
- ·여당, 총선변수에 고심…“쇄신한 민주당과 대결 준비해야”
- ·4th Global Biz Forum kicks off to discuss 'next prosperity'
- ·Hyundai Motor bolsters global partnerships through Expo campaign
- ·탄약 찾는 러…국방부 "北컨테이너 적재량, 포탄 수십만발 분량"
- ·Another suspect of Tajik duo behind S. Korean money exchange robbery nabbed
- ·Welcome Daehakro Festival lights up Seoul's stage hub
- ·Hyundai Elevator, Erbud team up to rebuild Ukraine
- ·USS Carl Vinson deploys for Indo
- ·Enjoying Halloween in Itaewon sparks debate online
- ·Seoul shares open higher on US gains
- ·Hyundai Elevator, Erbud team up to rebuild Ukraine
- ·Another suspect of Tajik duo behind S. Korean money exchange robbery nabbed