6/16/2023 0 Comments Dropover definition![]() ![]() ** In money and debt markets, June futures on three-year treasury bonds rose 0.13 point to 105.14. ** The won ended onshore trade at 1,319.1 per dollar, 0.65% lower than its previous close at 1,310.5. ** Foreigners were net sellers of shares worth 480.1 billion won ($364.13 million). ** Of the total 931 issues traded, 192 shares rose. ** Among index heavyweights, only biopharmaceutical stocks gained, with Samsung Biologics and Celltrion up 2.16% and 0.57%, respectively. ![]() ** Online platform operators Naver and Kakao slumped more than 3% each, while automakers Hyundai Motor and Kia Corp ended down 0.86% and 0.37%, respectively. ** Technology giant Samsung Electronics fell 2.50%, peer SK Hynix lost 0.95%, and battery maker LG Energy Solution dropped 1.36%. ** "The market started to worry about recession, rather than monetary policy tightening, after recent bank-related risks," said analyst Seo Sang-young at Mirae Asset Securities. ** The euro zone's recovery picked up pace last month, but the upturn was uneven across industries and countries, according to a survey that showed price pressures remained elevated in the region. Other data also showed private payrolls growth slowed considerably last month. services sector slowed more than expected in March, a survey showed overnight. ** The benchmark KOSPI closed down 35.98 points, or 1.44%, at 2,459.23, retreating from its 7-1/2-month peak hit a day before. The Korean won weakened, while the benchmark bond yield fell. ** South Korean shares ended more than 1% lower on Thursday, after weak economic indicators intensified recession worries. Round-up of South Korean financial markets:
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