Home Markets S.Korea stocks slide amid Ukraine crisis; Biden speech in focus

S.Korea stocks slide amid Ukraine crisis; Biden speech in focus

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  • KOSPI falls, foreigners net sellers
  • Korean won weakens against U.S. dollar
  • South Korea benchmark bond yield falls

SEOUL, March 2 (Reuters) – Round-up of South Korean financial markets:

South Korean shares slid in a range-bound trade on Wednesday, as investors assessed the Ukraine crisis and also awaited more remarks from the U.S. President’s State of the Union address. The Korean won weakened and the benchmark bond yield fell.

** By 0216 GMT, the KOSPI (.KS11) was down 3.96 points, or 0.15%, at 2,695.22. The market was closed for trading on Tuesday due to a public holiday.

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** Among heavyweights, chip giant Samsung Electronics (005930.KS) fell 0.42%, while battery maker LG Energy Solution (373220.KS) and chipmaker SK Hynix (000660.KS) added 1.58% and 0.40%, respectively.

** U.S. President Joe Biden led a standing ovation for the embattled Ukrainian people on Tuesday in a State of the Union speech…

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