S.Korean shares snap dropping streak on weaker greenback

* KOSPI set to snap five-day dropping streak

* Korean gained strengthens towards U.S. greenback

* South Korea benchmark bond yield rises

SEOUL, Aug 24 (Reuters) – Spherical-up of South Korean monetary
markets:

** South Korean shares rose on Wednesday after 5 periods
of decline, the longest dropping streak in two months, supported
by a slight pullback within the U.S. greenback. The Korean gained
strengthened, whereas the benchmark bond yield rose.

** The benchmark KOSPI was up 4.61 factors, or 0.19%,
at 2,439.95, as of 0135 GMT, after rising as a lot as 0.77% in
early commerce.

** It was not more than a technical rebound after short-term
dropping pattern, whereas warning persevered towards Jackson Gap occasion
later the week, mentioned Choi Yoo-june, analyst, Shinhan Monetary
Funding.

** Again house, investor focus was on the Financial institution of Korea’s
financial coverage assembly due on Thursday, with extra 25-bp
price hike broadly anticipated.

** The greenback edged again inworld marketafter knowledge confirmed
U.S. non-public sector exercise got here in weaker than anticipated in
August.

** Amongst heavyweights, expertise large Samsung Electronics
rose 0.34% and peer SK Hynix inched up
0.11%, whereas battery maker LG Vitality Resolution fell
0.45%.

** Of the full traded problems with 929 on the benchmark index,
476 shares superior.

** Foreigners have been internet consumers of shares value 66.7 billion
gained ($49.73 million) on the primary board, extending their shopping for
streak to a sixth session.

** The gained was quoted at 1,340.7 per greenback on the onshore
settlement platform , 0.36% larger than its earlier
shut.

** In offshore buying and selling, the gained was quoted down 0.1%
at 1,340.eight per greenback, whereas in non-deliverable ahead buying and selling
its one-month contract was quoted at 1,340.2.

** In cash and debt markets, September futures on
three-year treasury bonds fell 0.06 level to 104.76.

** Probably the most liquid 3-year Korean treasury bond yield fell by
0.2 foundation factors to three.288%, whereas the benchmark 10-year yield
rose by 2.7 foundation factors to three.398%.

($1 = 1,341.1900 gained)

(Reporting by Jihoon Lee; Enhancing by Sherry Jacob-Phillips)
((jihoon.lee@thomsonreuters.com;))

Key phrases: SOUTHKOREA MARKETS/MIDDAY

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