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Stock impact report

S.Korean stocks set to snap three-day losses as Naver, Kakao rebound [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, Sept 10 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares were set to end a three-day losing streak on Friday, as heavyweights Naver and Kakao rebounded, with investors pondering over the timing of the Federal Reserve's stimulus taper. ** The won weakened, while the benchmark bond yield rose. ** The KOSPI gained 8.74 points, or 0.28%, to 3,123.44 by 0209 GMT, rebounding from a 1.53% decline on Thursday. ** Naver and Kakao jumped 4.01% and 3.50%, respectively, while chip giants Samsung Electronics and SK Hynix added 0.13% and 1.46%, respectively. ** Foreigners were net sellers of 345.9 billion won ($295.34 million) worth of shares on the main board. ** "There are also cautions ahead of the release of producer price index from the United States due later in the day, following that from China yesterday, which may show signs of disruption in supply chains due to the spread of the Delta variant," said Choi Yoo-jun Show less Read more
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