South Korean Bond Yields Rise Across the BoardKOSPI 200 Stocks Show Mixed Performance in Recent Trading

SEOUL — South Korean bond yields experienced an uptick in the latest session, marking a notable change across various maturities on February 23, 2024.

According to Yonhap News Agency, the 1-year Treasury Bond (TB) yield increased by 2.8 basis points to 3.494%, from the previous session's 3.466%. Similarly, the 2-year TB yield rose by 3.1 basis points to 3.450%, up from 3.419%, and the 3-year TB yield climbed by 3.2 basis points to 3.374%, from 3.342%. The 10-year TB saw a more significant rise of 4.4 basis points, reaching 3.468%, up from 3.424%. The 2-year Monetary Stabilization Bond (MSB) also increased by 3.2 basis points to 3.448%, from 3.416%, and the 3-year Corporate Bond (CB) with an AA- rating rose by 2.2 basis points to 4.045%, from 4.023%. The 91-day Certificate of Deposit (CD) rate remained unchanged at 3.700%.

SEOUL — The KOSPI 200, a popular stock index in South Korea, exhibited a mixed performance in its latest trading session, with various companies experiencing shifts in their stock prices.

According to Yonhap News Agency, TCC Steel and Lotte Chilsung were among the gainers, with their stocks rising by 800 and 200 points, respectively. Conversely, AmoreG and KIA CORP. faced declines, with their stock prices dropping by 250 and 900 points, respectively. The trading session saw diverse movements across the board, with companies in sectors ranging from automotive, like Hyundai Motor, which saw a modest increase, to electronics, with Samsung Electronics experiencing a slight decline. Other notable movements included a significant rise in the stock price of DB Insurance, up by 4,200 points, and a drop in SAMSUNG SDI CO., LTD., which declined by 6,500 points. The session underscored the volatility and varied performance within the South Korean stock market, reflecting a range of factors influencing investor sentiment and stock valuations.

The mixed results across different sectors and companies highlight the dynamic nature of the market, with investors reacting to a variety of domestic and international economic indicators, corporate earnings reports, and other news affecting stock prices.

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