November 17, 2021
Economy

S.Korean stocks gain on Fed’s views on U.S. economy; won firms

    * KOSPI rises, foreigners net buyers
    * Korean won strengthens against U.S. dollar
    * South Korea benchmark bond yield rises

    SEOUL, June 22 (Reuters) - Round-up of South Korean
financial markets:
    
** South Korean shares rose on Tuesday as investors focused more
on the Federal Reserve's upbeat view on the U.S. economy while
eyeing the debate among its officials around an
earlier-than-expected tapering in its emergency support
measures. 
    
** The won strengthened and the benchmark bond yield rose.
    
** The benchmark KOSPI         rose 16.05 points, or 0.50%, to
3,256.84 by 0109 GMT.
    
** Comments from the Fed policymakers who welcome robust
economic recovery are boosting the market's sentiment. Investors
are now looking forward to Fed Chair Jerome Powell's testimony,
said Shinhan Investment & Securities' analyst Choi Yoo-june.
    
** While Powell has said...

Read full article here: www.reuters.com