Seoul: Shares extend gains as investors eye tight US election race

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[SEOUL] South Korean shares rose on Wednesday, tracking US stock futures, after US President Donald Trump led Democratic rival Joe Biden in Florida and other major battleground states, though a final outcome may not be known for days. Read more at The Business Times.

Korean index heavyweight Samsung Electronics fell 0.5 per cent, while the world's second-biggest memory chip maker SK Hynix jumped 2.2 per cent after posting a 175 per cent jump in operating profit in the July-September period.

Drugmaker Celltrion jumped 4.4 per cent, gaining for a third day, after signing a 210 billion won supply contract to distribute its rapid Covid-19 testing kit Sampinute in the United States.The won was quoted at 1,137.7 per US dollar on the onshore settlement platform, 0.32 per cent lower than its previous close at 1,134.1.

In offshore trading, the won was quoted at 1,139.1 per dollar, down 0.7 per cent from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,138.8.The most liquid three-year Korean treasury bond yield fell by 2.8 basis points to 0.954 per cent, while the benchmark 10-year yield fell by 3.9 basis points to 1.567 per cent.For daily updates on weekdays and specially selected content for the weekend.

 

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