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Dollar edges lower ahead of U.S. inflation data
  + stars: | 2021-06-25 | by ( Ritvik Carvalho | ) www.reuters.com + 0.00   time to read: +3 min
LONDON (Reuters) - The dollar drifted lower in Europe on Friday as an agreement on U.S. infrastructure spending underpinned appetite for riskier currencies, but caution ahead of key U.S. inflation data kept losses to a minimum. FILE PHOTO: An employee counts U.S. dollar bills at a money exchange in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El GhanyThe risk-sensitive Antipodean currencies rose, as did the euro, gaining 0.1% to $1.1943, and the Japanese yen, which rose by about the same margin to 110.77 per dollar. “...The consensus is already expecting quite a large increase in the May PCE inflation data - looking for 3.9% YoY headline and 3.4% YoY core,” said strategists at ING in a note to clients. The Australian dollar rose 0.2% to $0.7595.
Persons: Mohamed Abd El Ghany, , John Williams, Khoon Goh, ” Goh, it’s, Bitcoin Organizations: REUTERS, Federal Reserve, Reuters, ING, New York Federal Reserve Bank, New Zealand, South Korean, ANZ, Bank of England, of England Locations: Europe, Cairo, Egypt, New, Asia, U.S, Mexico
S.Korean stocks end at record high, post sixth straight weekly gain
  + stars: | 2021-06-25 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: +2 min
The won strengthened and the benchmark bond yield rose. ** The KOSPI closed up 16.74 points, or 0.51%, at 3,302.84, extending gains to a fourth straight session. ** For the week, it gained 1.07%, the sharpest in three weeks and following a 0.57% gain a week earlier. ** It rose 0.41% for the week, rebounding from a 1.90% decline in the previous week. ** The most liquid 3-year Korean treasury bond yield rose by 4.4 basis points to 1.428%, while the benchmark 10-year yield rose by 4.9 basis points to 2.106%.
Persons: Joe Biden, LG Chem, 1,127.3300, Joori Roh Organizations: Korean, U.S, Nasdaq, Samsung Electronics, SK Hynix, LG Locations: Korea, SEOUL, Korean
FOREX-Dollar dips, but with a wary eye on U.S. inflation data
  + stars: | 2021-06-25 | by ( Tom Westbrook | ) www.reuters.com + 0.00   time to read: +3 min
The risk-sensitive Antipodean currencies rose very slightly, while the euro gained 0.1% to $1.1940 and the yen rose by about the same margin to 110.80 per dollar. “The dollar can jump if inflation surprises to the upside,” said Joe Capurso, head of international economics at the Commonwealth Bank of Australia in Sydney. “Upside inflation surprises have been the trend in the U.S. recently,” he added. The Australian dollar rose 0.1% to $0.7591. Bank of England policymakers even warned against “premature tightening” and the pound was the worst performing G10 currency on Thursday.
Persons: , Joe Capurso, John Williams, Khoon Goh, ” Goh, it’s, Bitcoin Organizations: Federal Reserve, Commonwealth Bank of Australia, U.S ., Reuters, New York Federal Reserve Bank, New Zealand, South Korean, ANZ, Bank of England, of England Locations: 2RBWI5E SINGAPORE, Asia, Sydney, U.S, New, Mexico
S.Korean stocks hit record high, set for sixth weekly gain
  + stars: | 2021-06-25 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +1 min
The won strengthened and the benchmark bond yield rose. ** The KOSPI rose 26.38 points, or 0.80%, to 3,312.48 by 0206 GMT, extending gains to a fourth straight session. It is set to gain over 1% for the week, after rising 0.57% a week earlier. It is set for a weekly gain, rebounding from a 1.90% decline in the previous week. ** The most liquid 3-year Korean treasury bond yield rose by 4.3 basis points to 1.427%, while the benchmark 10-year yield rose by 4.4 basis points to 2.101%.
Persons: 1,128.5700, Joori Roh Organizations: Korean, U.S, Samsung Electronics, SK Hynix, LG Chem Locations: Korea, SEOUL, Korean
June 25 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0203 GMT. Change on the day at 0203 GMT Currency Latest bid Previous Pct day Move Japan yen 110.900 110.86 -0.04 Sing dlr 1.342 1.3428 +0.04 Taiwan dlr 27.925 28.002 +0.28 Korean won 1128.500 1134.9 +0.57 Baht 31.800 31.84 +0.13 Peso 48.520 48.525 +0.01 Rupiah 14400.000 14435 +0.24 Rupee 74.160 74.16 +0.00 Ringgit 4.156 4.158 +0.05 Yuan 6.466 6.4722 +0.09 Change so far in 2021 Currency Latest bid End 2020 Pct Move Japan yen 110.900 103.24 -6.91 Sing dlr 1.342 1.3209 -1.59 Taiwan dlr 27.925 28.483 +2.00 Korean won 1128.500 1086.20 -3.75 Baht 31.800 29.96 -5.79 Peso 48.520 48.01 -1.05 Rupiah 14400.000 14040 -2.50 Rupee 74.160 73.07 -1.48 Ringgit 4.156 4.0200 -3.27 Yuan 6.466 6.5283 +0.96 (Compiled by Soumyajit Saha in Bengaluru)
Persons: Soumyajit Saha Locations: Taiwan, Bengaluru
Dollar dips ahead of U.S. inflation data
  + stars: | 2021-06-25 | by ( Ritvik Carvalho | ) www.reuters.com + 0.00   time to read: +3 min
LONDON (Reuters) - The dollar drifted lower in Europe on Friday as an agreement on U.S. infrastructure spending underpinned appetite for riskier currencies, but caution ahead of key U.S. inflation data kept losses to a minimum. FILE PHOTO: A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File PhotoThe risk-sensitive Antipodean currencies rose, as did the euro, gaining 0.1% to $1.1943, and the Japanese yen, which rose by about the same margin to 110.77 per dollar. “...The consensus is already expecting quite a large increase in the May PCE inflation data - looking for 3.9% YoY headline and 3.4% YoY core,” said strategists at ING in a note to clients. The Australian dollar rose 0.2% to $0.7595.
Persons: Thomas White, , John Williams, Khoon Goh, ” Goh, it’s, Bitcoin Organizations: REUTERS, Federal Reserve, Reuters, ING, New York Federal Reserve Bank, New Zealand, South Korean, ANZ, Bank of England, of England Locations: Europe, New, Asia, U.S, Mexico
But there has never been a peace treaty, meaning the Korean War is still technically being fought. There are those that refer to the Korean War as, "the forgotten war" as it did not receive the same kind of attention as did World War II or the Vietnam War. Even now, 70 years later, the Korean War is given less notice than other conflicts and wars in history. The Korean War was the first military action following the end of WWII and the beginning of the Cold War. These numbers made the Korean War known as an exceptionally bloody war, despite the fact that it was relatively short.
Persons: Harry Truman, Truman, MacArthur, Douglas MacArthur, Joseph Martin Organizations: Business, Service, Democratic People's, Western, UN, South Korea, War US Army, Keystone, Getty, Soviet, North, North Korea Wikimedia Commons, American, Republican Locations: Korean, South Korea, North Korea, Vietnam, Korea, Democratic People's Republic of Korea, Western Republic of Korea, Masan, Soviet Union, United States, China, Yalu, Europe, Gen, Indong
The peso can be expected to "remain pressured in the near term on anxiety over the timing of the Fed taper," he added. Thailand's baht extended losses for a second session in a row, after the central bank downgraded the tourism-reliant country's 2021 economic growth forecast on Wednesday, while sharply lowering its previous tourist estimates for this year. Thai stocks dropped more than 1% in their biggest fall in more than a month and the index's sixth consecutive session of losses. A return of thousands of pro-democracy protesters to the streets calling for the resignation of Prime Minister Prayuth Chan-ocha also added to the political uncertainty. Bucking the overall gloom, the South Korean won firmed 0.25% after the central bank said it expected upward inflationary pressure on both demand and supply fronts, reinforcing views that it was shifting to a less accommodative monetary policy.
Persons: Soumyajit Saha, Nicholas Mapa, Prayuth Chan, ocha, Rashmi Aich Organizations: Bank of, ng Pilipinas, ING, U.S, Federal Reserve, South Korean Locations: Malaysia, Bank of Thailand, Philippine, Hong Kong, Asia, Japan, China, India, Indonesia, Philippines, Singapore, Taiwan, Thailand, Bengaluru
S.Korean stocks end at record high as chip giants jump
  + stars: | 2021-06-24 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: +2 min
* KOSPI rises, foreigners net sellers* Korean won strengthens against U.S. dollar* South Korea benchmark bond yield rises* For the midday report, please clickSEOUL, June 24 (Reuters) - Round-up of South Korean financial markets:** South Korean shares closed at an all-time high on Thursday, led by chip heavyweights that tracked a record finish on the Nasdaq. The won strengthened and the benchmark bond yield rose. ** The benchmark KOSPI closed up 9.91 points, or 0.30%, at 3,286.10, logging a third straight day of gains. ** Among heavyweights, chip giants Samsung Electronics and SK Hynix rose 1.37% and 1.61%, respectively, while internet giant Naver and battery maker LG Chem slid 0.94% and 0.48%. ** The most liquid 3-year Korean treasury bond yield rose by 4.3 basis points to 1.381%, while the benchmark 10-year yield rose by 0.5 basis point to 2.046%.
Persons: , Huh Jae, 1,134.1700, Joori Roh, Jihoon Lee Organizations: Korean, U.S, Nasdaq, The, Samsung Electronics, SK Hynix, LG Chem, Federal, Market, Eugene Investment, Securities Locations: Korea, SEOUL, Korean, U.S, South
S.Korean stocks hit record high as tech heavyweights gain
  + stars: | 2021-06-24 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
* KOSPI rises, foreigners net sellers * Korean won strengthens against U.S. dollar * South Korea benchmark bond yield falls SEOUL, June 24 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares hit an all-time high on Thursday, boosted by technology heavyweights that tracked a record high finish on the Nasdaq overnight. The won gained, while the benchmark bond yield fell. ** The benchmark KOSPI rose 11.38 points, or 0.35%, to 3,287.57 by 0204 GMT, and was set to gain for a third straight day. ** The won was quoted at 1,135.2 per dollar on the onshore settlement platform , up 0.22%. ** The benchmark 10-year yield fell by 0.3 basis point to 2.038%.
Persons: Seo Sang, 1,135.8400, Joori Roh, Jihoon Lee Organizations: Korean, U.S, Nasdaq, Technology, Samsung Electronics, SK Hynix, LG Chem, Hyundai, U.S . Federal, Mirae Asset Securities Locations: Korea, SEOUL, Korean, South
REUTERS/Beck Diefenbach/File PhotoSEOUL, June 24 (Reuters) - South Korean retailer Shinsegae Group's E-Mart Inc (139480.KS) said on Thursday it plans to acquire an 80% stake in eBay Inc's (EBAY.O) South Korean business for 3.4 trillion won ($3 billion). With the deal, traditional retail giant Shinsegae gets a much-needed boost in the Korean e-commerce sector, where it has lagged after competitors such as No. EBay will retain a 20% interest in the Korean business, whose implied value is approximately $3.8 billion, eBay said in a statement. Naver Corp (035420.KS), which had teamed up with E-Mart in the bidding process for eBay's South Korean business, said earlier this week it had pulled out of the acquisition. "But whether the price is competitive or not is expected to be judged in the short-term by improvement in eBay Korea's performance, as eBay Korea's recent efforts at direct-sourcing and rapid shipping can be helped by E-Mart's buying power and cost control," she said.
Persons: Beck, 1,131.6800, Heekyong Yang, Jason Neely Organizations: eBay, REUTERS, Mart, eBay Korea, EBay, Naver Corp, South, Samsung Securities, eBay Inc, EBay Korea, Thomson Locations: San Jose , California, SEOUL, KS, EBay Korea, South Korea
'Spill Your Guts' removes foods from their context"Spill Your Guts or Fill Your Guts" is essentially a more extreme version of truth or dare. Drew Barrymore and John Boyega play "Spill Your Guts or Fill Your Guts" with James Corden during "The Late Late Show with James Corden" in 2018. The criticism isn't newThough Saira's petition is recent, "Spill Your Guts" has been criticized as culturally insensitive for a few years now. Writer Shirley Cahyadi raised questions about who determines what is considered inedible and who "The Late Late Show" caters to in a 2018 piece for Embodied , New York University's arts and culture magazine. The issue goes beyond James Corden and "The Late Late Show."
Persons: Balut, Kim Saira, James Corden, Saira, Corden, it's, Drew Barrymore, John Boyega, that's, Howard Stern, Andrew Sun, Krishnendu Ray, Ray, Shirley Cahyadi, Cayhadi, Andrew Zimmern, Zimmern, It's Organizations: CNN, American, Asian Americans, Pacific Islanders, CBS, South China Morning, New York University, Media, Travel Locations: West, France, England, Germany, New York, India, Southeast Asia, Ireland, New Zealand, Finland, Los Angeles, Korean
Thai stocks flatlined near three-week lows, while the baht dropped 0.5%, its biggest one-day fall since mid-March and its eighth straight day in the red. The Korean won and the Philippine peso rose 0.5% and 0.3%, while the Malaysian ringgit also advanced. Eyes are on the country’s central bank policy meet slated for Thursday, where it is expected to leave its benchmark interest rate at a record low for a fifth straight policy meeting, as per a Reuters poll. A resurgence in COVID-19 infections in some parts of the country has reinforced the need for continued policy support, as mobility restrictions have hurt businesses. HIGHLIGHTS** Thailand’s 10-year government bond yields are down 2 basis points at 1.65%** Malaysia’s 10-year benchmark yield is down 1.4 basis points at 3.282%
Persons: Gareth Leather Organizations: Yahoo Finance, Bank of, Capital Economics, Federal, Korean, Land, Container Terminal Services Locations: Bank of Thailand, Asia, Philippine, Malaysian, Singapore, Indonesian
The won and benchmark bond yield weakened. ** The benchmark KOSPI closed up 12.31 points, or 0.38%, at 3,276.19. ** Heavyweights Naver and mobile messenger app operator Kakao surged 8.31% and 6.60%, respectively, leading the benchmark gains, as top-shelf tech companies on Nasdaq resumed their growth trajectories. ** “Monetary policy uncertainties eased after Powell vowed to not raise rates too quickly ... Naver, Kakao, Celltrion and Samsung Biologics towed KOSPI gains but strong dollar has kept foreign investors away,” said Lee Kyoung-min, an analyst at Daishin Securities. ** The benchmark 10-year yield fell by 0.9 basis points to 2.041%.
Persons: Jerome Powell, Powell, , Lee Kyoung, Hong Nam, ki, 1,137.3000, Joori Roh, Jihoon Lee, Rashmi Aich Organizations: U.S, U.S . Federal, Nasdaq, Samsung Electronics, SK Hynix, Samsung, Daishin Securities Locations: Korea, SEOUL, Korean, U.S .
The baht firmed 0.4% and Thai stocks inched higher, as investors also awaited a Bank of Thailand meeting where the central bank is expected to leave interest rates at a record low and cut its growth forecast. Among currencies, the South Korean won rose 0.5%, while Indonesia’s rupiah and Malaysia’s ringgit also advanced modestly. Emerging market assets, generally considered riskier investments, suffered broad losses since last week after the dollar rose when the Fed indicated it may raise rates earlier than expected and signalled tapering its bond buying programme. “Markets may have assessed Powell’s testimony as reassuring,” said Yeap Jun Rong, a strategist at IG Markets. Philippines’ central bank is also widely expected to maintain record low rates in its meeting on Thursday.
Persons: Jerome Powell, Prayuth Chan, ocha, , Sunthorn Thongthip, Powell, ringgit, Yeap Jun Rong, Soumyajit Saha, Muralikumar Anantharaman Organizations: Yahoo Finance, Philippine, U.S, Federal, Kasikorn Securities, South Korean, IG Markets Locations: Thailand, Philippines, Singapore, Manila, Bengaluru
North Korean leader Kim Jong Un speaks at a meeting of the Workers' Party of Korea in Pyongyang, North Korea in this image released June 18, 2021 by the country's Korean Central News Agency. North Korea is highly insular and it is difficult to pinpoint the situation within the country. But reports this week that China, its biggest ally, plans to keep pandemic border restrictions in place for at least another year have cast doubt on North Korea's prospects. "The fuel and forex price swings are likely caused by the foreign trade situation," said Peter Ward, an expert on North Korea's economy. "If these trends continue, we will have to start to worry about hunger and even starvation amongst North Korea's poorest."
Persons: Kim Jong, China hasn't, quashing, Peter Ward, North Korea’s, Kim Jong Un, Ward, Josh Smith, Sangmi Cha, Raju Gopalakrishnan Organizations: Workers ' Party of, Korean Central News Agency, KCNA, REUTERS, Daily NK, North, U.S ., Reuters, U.S, NK News, Asia Press, Thomson Locations: Workers ' Party of Korea, Pyongyang, North Korea, SEOUL, China, North, Seoul, North Korean, U.S, Daily
S.Korea stocks gain on tech boost as Fed chief calms markets
  + stars: | 2021-06-23 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
The won and benchmark bond yield weakened. ** The benchmark KOSPI was up 7.82 points, or 0.24%, at 3,271.70, as of 0208 GMT. ** Leading the benchmark gains were heavyweights Naver with an 8% surge and mobile messenger app operator Kakao jumping 5%, as top-shelf tech companies on Nasdaq resumed their growth trajectories. ** "Naver and Kakao is towing KOSPI gains. ** The won was quoted at 1,136.8 per dollar on the onshore settlement platform , 0.43% lower than its previous close at 1,131.9.
Persons: Jerome Powell, Jeong, 1,136.4200, Joori Roh, Jihoon Lee, Sherry Jacob, Phillips Organizations: U.S, U.S . Federal, Nasdaq, Samsung Electronics, SK Hynix, Cape Investment & Securities Locations: Korea, SEOUL, Korean, Wall, U.S .
EMERGING MARKETS-Most Asian currencies weaken, Korean won leads losses
  + stars: | 2021-06-23 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: 1 min
June 23 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0202 GMT. CURRENCIES VS U.S. DOLLAR Change on the day at 0202 GMT Currency Latest bid Previous Pct day Move Japan yen 110.820 110.64 -0.16 Sing dlr 1.346 1.3448 -0.07 Taiwan dlr 28.005 27.962 -0.15 Korean won 1136.800 1131.9 -0.43 Baht 31.760 31.74 -0.06 Peso 48.795 48.7 -0.19 Rupiah 14400.000 14400 +0.00 Rupee 74.365 74.365 +0.00 Ringgit 4.164 4.1595 -0.11 Yuan 6.481 6.481 -0.00 Change so far in 2021 Currency Latest bid End 2020 Pct Move Japan yen 110.820 103.24 -6.84 Sing dlr 1.346 1.3209 -1.85 Taiwan dlr 28.005 28.483 +1.71 Korean won 1136.800 1086.20 -4.45 Baht 31.760 29.96 -5.67 Peso 48.795 48.01 -1.61 Rupiah 14400.000 14040 -2.50 Rupee 74.365 73.07 -1.75 Ringgit 4.164 4.0200 -3.46 Yuan 6.481 6.5283 +0.73 (Compiled by Soumyajit Saha in Bengaluru)
Persons: Soumyajit Saha Locations: Taiwan, Bengaluru
N.Korea say it is not considering any contact with the U.S. -KCNA
  + stars: | 2021-06-23 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
U.S. and North Korean national flags are seen at the Capella Hotel on Sentosa island in Singapore June 12, 2018. REUTERS/Jonathan Ernst/File PhotoSEOUL, June 23 (Reuters) - North Korea is not considering any contact with the United States, Foreign Minister Ri Son Gwon said on Wednesday. "We are not considering even the possibility of any contact with the U.S., let alone having it, which would get us nowhere, only taking up precious time," Ri said in a statement carried on state media KCNA. On Tuesday, the sister of North Korean leader, Kim Jong Un, said in a statement that the United States appeared to be interpreting signals from North Korea in the "wrong way". read moreReporting by Jack Kim and Heekyong Yang; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Jonathan Ernst, Ri Son Gwon, Ri, Joe Biden's, Kim Jong Un, Kim Yo Jong, Jake Sullivan, Jack Kim, Heekyong Yang, Andrew Heavens Organizations: North Korean, Capella, REUTERS, U.S, Thomson Locations: Sentosa, Singapore, SEOUL, North Korea, United States, Seoul, Pyongyang, Washington, denuclearise, North
Kim Jong Un's sister derides U.S. official, dismisses chances for talks
  + stars: | 2021-06-22 | by ( ) www.nbcnews.com + 0.00   time to read: +5 min
U.S. National Security adviser Jake Sullivan called Kim’s comments an “interesting signal.”On Tuesday, Kim Yo Jong derided Sullivan’s response. Sung Kim later met South Korean President Moon Jae-in, and the two said they would strive to resume U.S.-North Korea talks, Moon’s office said. North Korea may only ease its stance if it can no longer endure its ongoing economic hardship, some experts said. Analyst Cheong Seong-Chang at the private Sejong Institute in South Korea said Kim Yo Jong’s statement suggested North Korea isn’t ready to rejoin talks anytime soon. Even if the U.S. and North Korea meet, it’ll never be easy to find common ground,” Cheong said.
Persons: Kim Jong Un, ” Kim Yo, Hope, Jake Sullivan, Kim Yo Jong, ” Shin Beomchul, Biden, , ” Shin, Sung Kim, Washington, Kim Yo, Lee, Moon Jae, didn’t, Cheong, Chang, it’ll, ” Cheong, Sullivan, Donald Trump’s, Kim, Barack Obama’s, haven’t, Trump Organizations: . National Security, Korean Central News Agency, Korea Research Institute, National Strategy, United States, South Korean Unification, South, North, Sejong Institute, ABC News Locations: SEOUL, South Korea, United States, U.S, Seoul, North Korea, Korea, Washington, denuclearization . North Korea, Korean, Kim
A South Korean company whose app lets users transfer money, take out loans, trade stocks and check their credit scores has raised funds at a valuation of more than $7 billion, making it one of the world’s most valuable financial-technology startups. Viva Republica Inc., which operates the multifunction app Toss, said Wednesday it completed a round of fundraising worth 460 billion Korean won, the equivalent of $406 million, with investors including Alkeon Capital Management, Altos Ventures and Greyhound Capital. The deal highlights how South Korea has incubated numerous unicorns, or private companies worth more than $1 billion, despite a domestic market of fewer than 52 million consumers. Toss has also benefited from a supportive government stance—in contrast with China where fintech giant Ant Group Co. and smaller rivals have faced intensifying regulatory scrutiny. In a statement, Viva Republica said it is valued at 8.2 trillion won, or about $7.2 billion, including the new money, which is more than twice its worth a year ago.
Organizations: Korean, Viva Republica Inc, Alkeon Capital Management, Altos Ventures, Greyhound Capital, Ant, Viva, Viva Republica Locations: Korea, China
S.Korean stocks rebound ahead of Fed chair's testimony
  + stars: | 2021-06-22 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +2 min
** The won strengthened and the benchmark bond yield rose. ** Eyes are on Fed chief Powell’s testimony to Congress later in the day. ** The won ended at 1,131.9 per dollar on the onshore settlement platform, 0.25% higher than its previous close at 1,134.7. ** In money and debt markets, September futures on three-year treasury bonds rose 0.11 points to 110.29. ** The most liquid 3-year Korean treasury bond yield fell by 2.3 basis points to 1.328%, while the benchmark 10-year yield rose by 4.1 basis points to 2.047%.
Persons: Jerome Powell, 1,131.8200, Joori Roh, Rashmi Aich Organizations: Korean, U.S, Fed, Samsung Electronics, LG Chem, Hyundai Locations: Korea, SEOUL, Korean, U.S
Asian shares tread water, markets eye U.S. inflation signals
  + stars: | 2021-06-22 | by ( Swati Pandey | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Heo RanMSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1% to 695.2 points, off a one-month trough of 685.12 touched earlier this week. Japan’s Nikkei rose slightly to 28,905.5, while Chinese shares were in the red with the blue-chip CSI300 index off 0.3%. On Wall Street, the Nasdaq closed at a record high on Wednesday, while other major U.S. indexes ended lower alongside European stocks. [The dollar index, which measures the greenback against six rivals, stood at 91.806 early in the Asian session after dipping to 91.509 on Wednesday. [O/R]Brent crude futures was last off 5 cents at $75.14 a barrel and U.S. crude eased 5 cents to $73.03 per barrel.
Persons: Heo, Jerome Powell Organizations: SYDNEY, U.S ., Federal, Korea, South Korean, REUTERS, Japan’s Nikkei, Nasdaq, U.S . Federal, JPMorgan, U.S, Bank of England, ANZ, Flash U.S, PMI, Brent Locations: China, Seoul, South Korea, Asia, Pacific, Japan, U.S, Europe, United, North America
S.Korean stocks gain on Fed's views on U.S. economy; won firms
  + stars: | 2021-06-22 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
** 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. ** The won was quoted at 1,133.2 per dollar on the onshore settlement platform , up 0.13%. ** In offshore trading, the won was quoted at 1,132.8 per dollar, down 0.1%, while in non-deliverable forward trading, its one-month contract was quoted at 1,132.5. ** The most liquid 3-year Korean treasury bond yield fell by 0.2 basis point to 1.349%, while the benchmark 10-year yield rose by 2.4 basis points to 2.030%.
Persons: Jerome Powell's, Choi Yoo, Powell, 1,131.9600, Cynthia Kim, Jihoon Lee Organizations: Korean, U.S, Investment, Securities, Samsung Electronics, SK Hynix, LG Chem Locations: Korea, SEOUL, Korean, U.S
The dating app Tinder is shown on an Apple iPhone in this photo illustration taken February 10, 2016. That's the verdict of dating apps such as Tinder and Bumble (BMBL.O), which are launching or acquiring new services focused entirely on making and maintaining friends. Meanwhile its archrival Match Group (MTCH.O) - owner of a string of apps including Tinder and Hinge - is also pushing beyond love and lust. The importance of physical contact was echoed by Amos, a 22-year-old French au pair using Bumble BFF in London. Indeed friend-making networks such as MeetMe and Yubo have even outstripped some popular dating apps in terms of daily engagement over the past few months, according to market research firm Apptopia.
Persons: Mike Blake, Whitney Wolfe, Hyperconnect, Meetup's, Shweta Kharjuria, Amos, Rosie, Bumble, I've, we've, Jess Carbino, Tinder, Canaccord, China's, Christof Wittig, Witting, Aniruddha Ghosh, Subrat Patnaik, Sarah Morland, Bernard Orr, Pravin Organizations: Apple, Valentine's, REUTERS, archrival Match, South, Vodafone, Reuters, Thomson Locations: South Korean, London, Bristol, England, Pune, India, Bengaluru, Gdansk
Total: 25