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Stock impact report

S.Korea stocks flat as investors await next catalyst [Reuters]

Shinhan Financial Group Co Ltd American Depositary Shares (SHG) 
US:NYSE Investor Relations: shinhangroup.co.kr/en/invest/main.jsp
Company Research Source: Reuters
SEOUL, July 29 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares were flat in a range-bound trade on Thursday, as investor reaction to the outcome of the U.S. Federal Reserve's two-day policy meeting was muted in the absence of a market-moving catalyst. Both the won and the benchmark bond yield strengthened. ** The KOSPI was at 3,235.88 as of 0152 GMT, just 0.98 points, or 0.03%, lower than its previous close. ** The Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even as it said the economy had been strengthening despite a rise in coronavirus infections, and that accelerating inflation remained transitory. ** Technology giant Samsung Electronics slid 0.38%, despite reporting a 54% jump in operating profit for the second quarter. Peer SK Hynix also fell 0.44%. ** Other heavyweights including internet giant Naver and messenger app operator Kakao slipped 0.23% and 0.34% Show less Read more
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