26 C
Jaipur
Saturday, October 24, 2020

Samsung: Samsung-led tech rally boosts South Korea shares for second session – Latest News

Must read

iPhone 12 Users Can Now Download OS Updates Over 5G Data

Apple finally introduced 5G support with the launch of its latest iPhone 12 series. Now, as iPhones support high-speed 5G networks, the Cupertino tech...

Check Out Oppo Find X2 League of Legends Special Edition Right Here

After much anticipation, Chinese phone maker, Oppo unveiled the second generation of its Find X series, the Oppo Find X2 and Find X2 Pro,...

apple: Apple fixes 6 malicious apps posing as Adobe Flash installers – Latest News

The malicious apps masquerading as Adobe Flash installer are not going to go away anytime soon as Apple has once again fixed six more...

Round-up of South Korean financial markets:

** South Korean shares gained for a second straight session, buoyed by Samsung Electronics and other tech stocks, and as the country reported a drop in COVID-19 cases. The won strengthened, while the benchmark bond yield dropped.

** The benchmark KOSPI closed up 17.69 points, or 0.74%, at 2,401.91 on Tuesday, following a 0.67% gain in the previous session.

** Samsung Electronics surged 3.89% to extend gains to a second session after the chip giant won a $6.64 billion supply contract from U.S.-based Verizon.

** Peer SK Hynix rose 1.28% and the sub-index for electric and electronics also jumped 3.03%.

** The country reported 136 new cases, as of Monday, after the rate fell to a three-week low of 119. The daily tally has steadily dropped since reaching a peak last month after the government imposed unprecedented social distancing rules.

** “Today’s KOSPI rally is entirely about Samsung Electronics … A series of news of (Samsung’s) supply contracts and production consignment from global companies stimulated its earnings expectation and led to foreign buying,” said Daishin Securities analyst Lee Kyoung-min.

** Foreigners were net sellers of 30.5 billion won ($25.71 million) worth of shares on the main board.

** The won ended trading at 1,186.4 per dollar on the onshore settlement platform, 0.16% higher than its previous close at 1,188.3.

** In offshore trading, the won was quoted at 1,186.5 per dollar, up 0.1% from the previous session, while in non-deliverable forward trading its one-month contract was quoted at 1,186.5.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.22%.

** In money and debt markets, September futures on three-year treasury bonds rose 0.12 points to 111.78.

** The most liquid 3-year Korean treasury bond yield fell by 2.2 basis points to 0.950%, while the benchmark 10-year yield fell by 1.9 basis points to 1.552%.

Source link

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

iPhone 12 Users Can Now Download OS Updates Over 5G Data

Apple finally introduced 5G support with the launch of its latest iPhone 12 series. Now, as iPhones support high-speed 5G networks, the Cupertino tech...

Check Out Oppo Find X2 League of Legends Special Edition Right Here

After much anticipation, Chinese phone maker, Oppo unveiled the second generation of its Find X series, the Oppo Find X2 and Find X2 Pro,...

apple: Apple fixes 6 malicious apps posing as Adobe Flash installers – Latest News

The malicious apps masquerading as Adobe Flash installer are not going to go away anytime soon as Apple has once again fixed six more...

smart speaker: Global smart speaker market to reach 163 million units in 2021: Report – Latest News

Led by Amazon Alexa and Google Assistant powered devices, the global smart speaker market (including smart displays) is set to reach 163 million units...