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South Korea shares end flat as Nvidia earnings fail to impress
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South Korea shares end flat as Nvidia earnings fail to impress
Nov 20, 2024 11:28 PM

*

KOSPI rises, foreigners net sellers

*

Korean won strengthens against dollar

*

South Korea benchmark bond yield falls

*

For the midday report, please click

SEOUL, Nov 21 (Reuters) - Round-up of South Korean

financial markets:

** South Korean shares swung between mild gains and losses

before ending flat on Thursday as Nvidia's ( NVDA ) strong but

weaker-than-expected revenue forecast failed to lift sentiment.

The won strengthened, while the benchmark bond yield fell.

** The benchmark KOSPI closed at 2,480.63.

** Among index heavyweights, chipmaker Samsung Electronics ( SSNLF )

rose nearly 2% and peer SK Hynix ( HXSCF ) lost

1.06%, while battery maker LG Energy Solution was

trading flat.

** Hyundai Motor ( HYMTF ) shed 1.37% and sister automaker

Kia Corp ( KIMTF ) lost 0.51% while search engine Naver

and instant messenger Kakao were down

1.76% and down 0.99%, respectively.

** South Korea's exports for the first 20 days of November

rose 5.8% from a year earlier, customs agency data showed.

** Of the total 939 traded issues, 394 shares advanced,

while 479 declined.

** Nvidia ( NVDA ) forecast its slowest revenue growth in

seven quarters on Wednesday, failing to meet lofty expectations

of some investors who have made it the world's most valuable

firm.

** Foreigners were net sellers of shares worth 259.5 billion

won on the main board on Thursday.

** The won was quoted at 1,397.5 per dollar on the onshore

settlement platform, 0.24% higher than its previous

close at 1,400.9.

In offshore trading, the won was quoted at 1,397.7

per dollar, flat on the day, while its one-month contract in

non-deliverable forward trading was quoted at 1,395.8.

** The won has lost 7.8% against the dollar so far this

year.

** In money and debt markets, December futures on three-year

treasury bonds rose 0.15 point to 106.17.

** The most liquid three-year Korean treasury bond yield

fell by 4.2 basis points to 2.831%, while the

benchmark 10-year yield slipped 5.4 basis points to

2.974%.

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