JSR Micro Korea completed the construction of a new semiconductor materials plant. South Korean shares traded lower on Wednesday.
The benchmark KOSPI registered 6,867.80 points, marking a decline of 3.01 points or 0.04 percent. Furthermore, the KOSPI recorded a 19 percent drop during the current quarter.
South Korea’s finance minister stated that authorities would implement market-stabilising measures should bond yields increase excessively. Factory output in South Korea decreased during August.
Among major firms, chipmaker Samsung Electronics saw a fall of 1.01 percent. Conversely, SK Hynix increased by 1.19 percent, while LG Energy Solution climbed 0.99 percent.
Hyundai Motor experienced a decline of 0.86 percent, and POSCO Holdings added 0.33 percent. Samsung BioLogics rose by 1.08 percent, contributing to the day's trading activity.
Out of 911 traded issues, 406 shares advanced while 453 shares declined. Foreign investors acted as net sellers, offloading shares valued at 519.1 billion won, equivalent to $382.99 million.
The won traded at 1,354.2 per dollar on the onshore settlement platform. Regarding bonds, December futures on three-year treasury bonds gained 0.16 point, reaching 102.35.
The most liquid three-year Korean treasury bond yield dropped by 5.1 basis points to 4.021 percent. Finally, the benchmark 10-year yield fell by 4.6 basis points, settling at 4.424 percent.
