S.Korea is expecting biggest economic drop on risk of virus affecting the regions economy

S.Korea is expecting biggest economic drop on risk of virus affecting the regions economy ...

Sep, 29 - Review of South Korean financial markets: Seoul Review.

Despite the strong gains, the benchmark bond yield fell and the prices spooked. The currency slipped at a lower rate of interest.

In a year after the break, the KOSPI remained low. The benchmark extended losses for a fourth consecutive session.

** The index lost 0.69% in the week, but is going to fall sharpest since four weeks.

** The chips giants Samsung Electronics and SK Hynix were leading the declines; however, both 1.76% and 2.98% fell.

As the virus spreads in South Africa, it is likely that there could be an epidemic epidemic, but Britain might also introduce travel restrictions.

The South Korean health minister said the government is reviewing whether to change its "living with COVID-19" policy and announce comprehensive measures on Monday.

** The country reported 3,901 new cases on Thursday, hovering near the peak marked earlier in the week.

** The foreigners bought 3.9 billion won ($3,27 million) worth of shares from the main board.

** The win was quoted at 1,193,3 a dollar on the onshore settlement platform, 0.26% lower than its previous close.

** In offshore trading, the win was quoted at 1,193,1 per dollar, down 0.2% from the previous day, while in non-deliverable forward trading, its one-month contract was quoted at 1,193,8.

** In money and debt markets, the interest rate of three years in three-year treasury rose 0,17 points to 108.81.

** The benchmark 10-year treasury bond yield fell by 4,2 basis points to 2.305%.

One $ 1 = 1 1993,200 won

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