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S.Korean stocks end higher at record close, Fed meeting in focus
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
The won was flat, while the benchmark bond yield fell. ** The KOSPI closed up 6.50 points, or 0.20%, at 3,258.63, extending the winning streak to a fourth straight session. ** The won ended at 1,117.0 per dollar on the onshore settlement platform, nearly unchanged from its previous close of 1,116.7. ** In money and debt markets, June futures on three-year treasury bonds fell 0.08 points to 110.80. ** The most liquid 3-year Korean treasury bond yield rose by 1.7 basis points to 1.304%, while the benchmark 10-year yield fell by 2.8 basis points to 2.068%.
Persons: , , Na Jeong, 1,117.0100, Joori Roh, Jihoon Lee, Shailesh Kuber Organizations: U.S, U.S . Federal, Samsung Electronics, SK Hynix, LG, Federal, Market, Cape Investment & Securities Locations: Korea, SEOUL, Korean, U.S .
S.Korean stocks inch higher ahead of Fed meeting
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
The won weakened, while the benchmark bond yield rose. ** The benchmark KOSPI rose 4.24 points, or 0.13%, to 3,256.37 by 0137 GMT, following a record close on Monday. ** The won was quoted at 1,117.1 per dollar on the onshore settlement platform , down 0.04%. ** In offshore trading, the won was quoted at 1,117.5, while in non-deliverable forward trading, its one-month contract was quoted at 1,117.1. ** The most liquid 3-year Korean treasury bond yield rose by 1.5 basis points to 1.302%, while the benchmark 10-year yield rose by 0.2 basis point to 2.098%.
Persons: Jae, 1,117.4700, Joori Roh, Jihoon Lee Organizations: U.S, Samsung Electronics, SK Hynix, LG, Federal, Market, Eugene Investment, Securities Locations: Korea, SEOUL, Korean, U.S . Federal
While Nvidia told investors last year that it plans to close the deal by March 2022, the purchase agreement gives the two companies the option to extend the deadline to September 2022. But at that point, either party has the option to walk away if the deal does not receive government approval. Nvidia has not yet filed an application to clear the deal with the European Commission. The U.S. Federal Trade Commission has been gathering information about the deal, people familiar with the matter told Reuters. Nvidia and Arm officials have told Reuters they intend to keep "firewalls" in place at the combined company to prevent that from happening.
Persons: We’ll, Stephen Nellis, Foo Yun Chee, Jonathan Weber, Lisa Shumaker Organizations: Nvidia Corp, Reuters, Nvidia, Qualcomm Inc, Samsung Electronics Co, Apple Inc, European Commission, U.S . Federal Trade Commission, Financial Times, , SoftBank Group Corp, Nasdaq, Intel Corp, Devices Inc, Thomson Locations: British, China, Europe, United Kingdom, Cambridge, England, San Francisco, Brussels
S.Korean stocks edge up to end at record high, Fed meeting in focus
  + stars: | 2021-06-14 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
** Both the Korean won and the benchmark bond yield fell. ** Foreigners were net sellers of 24.8 billion won ($22.21 million) worth of shares on the main board. ** In money and debt markets, June futures on three-year treasury bonds fell 0.03 point to 110.87. ** The most liquid 3-year Korean treasury bond yield fell by 0.8 basis point to 1.268%. ($1 = 1,116.6500 won) (Reporting by Joori Roh, additional reporting by Jihoon Lee; editing by Uttaresh.V)
Persons: , Seo Sang, 1,116.6500, Joori Roh, Jihoon Lee Organizations: U.S, Korean, Samsung Electronics, SK Hynix, LG Chem, Federal, Market, Mirae Asset Securities Locations: Korea, SEOUL, Korean, U.S, Federal, United States, China
S.Korea stocks flat as investors await cues from Fed meeting
  + stars: | 2021-06-14 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
The Korean won and the benchmark bond yield weakened. ** The benchmark KOSPI was flat at 3,248.14, as of 0214 GMT. ** The won was quoted at 1,116.0 per dollar on the onshore settlement platform , 0.47% lower than its previous close at 1,110.8. ** In offshore trading, the won was quoted at 1,115.9 per dollar, unchanged from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,115.3. ** The most liquid three-year Korean treasury bond yield fell by 1.5 basis points to 1.261%, while the benchmark 10-year yield fell by 0.6 basis points to 2.095%.
Persons: jitters, Han Ji, 1,115.8100, Joori Roh, Sherry Jacob, Phillips Organizations: U.S, Federal, Korean, Samsung Electronics, SK Hynix, LG Chem, Federal Open Market, Kiwoom Securities Locations: Korea, SEOUL, Korean, U.S, United States
British telecoms group Vodafone (VOD.L) has chosen Samsung Electronics (005930.KS) to supply its 5G network equipment in Britain, the pair said on Monday, a breakthrough for the South Korean company in Europe's telecoms gear market. European mobile operators are increasingly considering Samsung to replace China's Huawei (HWT.UL) as a supplier, with executives from Spain's Telefonica (TEF.MC) and France's Orange (ORAN.PA) previously telling Reuters they had held talks with the firm. Britain has already ordered all Huawei equipment to be removed from its 5G network by the end of 2027, echoing a U.S. campaign against Huawei, citing national security risks. Samsung is banking on Europe to maintain growth in its network equipment business, a senior executive told Reuters earlier this month, as 5G rollouts widen. The European telecoms equipment market is dominated by Nokia (NOKIA.HE), Ericsson (ERICb.ST) and Huawei, but Samsung has entered the picture after it unexpectedly landed a $6 billion deal with U.S. giant Verizon in September.
Persons: Richard Webb, Rakuten Organizations: Vodafone, Samsung Electronics, South Korean, Samsung, Huawei, Spain's Telefonica, Reuters, Ericsson, Nokia, U.S, Verizon, RAN, Dish Network, Telefonica, Thomson Locations: Britain, U.S, Europe
Vodafone joins forces with Dell, Samsung, others for Open-RAN development
  + stars: | 2021-06-14 | by ( ) www.reuters.com sentiment -0.57   time to read: 1 min
A branded sign is displayed on a Vodafone store in London, Britain May 16, 2017. REUTERS/Neil Hall/File PhotoMobile and broadband operator Vodafone (VOD.L) has selected six partners to build Europe's first commercial open RAN (radio access network), it said on Monday. It said Dell Technologies (DELL.N), NEC (6701.T) Samsung (005930.KS), Wind River, Capgemini Engineering and Keysight Technologies (KEYS.N) would help it build one of the largest Open RAN networks in the world. Vodafone said the partnerships would build on its new Open RAN lab in Newbury, southern England, and its planned digital skills hubs in Malaga, Spain, and Dresden, Germany. Mobile operators and governments want to encourage the development of Open RAN technology to help more vendors enter a market dominated by Huawei, Ericsson (ERICb.ST) and Nokia (NOKIA.HE).
Persons: Neil Hall Organizations: Vodafone, REUTERS, Mobile, Dell Technologies, NEC, Samsung, Keysight Technologies, RAN, Huawei, Ericsson, Nokia, Thomson Locations: London, Britain, Newbury, England, Malaga, Spain, Dresden, Germany
To shop Prime Day deals, you need to be an Amazon Prime member. Best early Prime Day Echo Buds dealsAmazon just released its second-generation Echo Buds in May, and the new wireless earbuds are already $40 off ahead of Prime Day 2021. The Echo Buds with wired charging case are down to $80, while the Echo Buds with wireless charging case are available for $100. Top early Prime Day Kindle dealsAmazon's Kindle devices are some of our favorite e-readers, and we expect deals across the entire lineup when Prime Day begins. Prime Day deals are exclusive to Amazon Prime subscribers, so you'll need to sign up to get deals on Amazon devices.
Persons: Lisa Eadicicco, We'll Organizations: Amazon, Fire, Senior Tech, Echo, Toshiba, Samsung, LG, Smart, Amazon’s
The Apple Watch has come a long way since it hit six years ago. Apple Watch began to pick up steam in 2017The Apple Watch Series 3. In September 2017, Apple unveiled its Apple Watch Series 3, which allowed users to make and receive calls and stream music without their iPhone. Apple released its now-discontinued Watch Series 4 in 2018, featuring a bigger screen size and Apple Watch Series 5 in September 2019. It debuted its Watch Series 6 and Watch SE in September 2020.
Persons: wasn't, Apple's smartwatch, Fitbit, Lisa Werner, Jean, Claude Biver —, smartwatch, Issei Kato, Apple, Jason Low, Cook Organizations: Apple, Apple Watch, Google, Facebook, CNBC, Intelligence, Fast Company, Wired, Reuters Apple, Rolex, CNET, Swatch, TAG, Apple Apple, Samsung, Garmin Locations: floundering, Swiss
(Recast with details from sources)HONG KONG/SEOUL, June 11 (Reuters) - Krafton, the company behind blockbuster video game PlayerUnknown’s Battlegrounds (PUBG), will launch its IPO early next week in what could be South Korea’s largest listing in 11 years, people familiar with the matter said. South Korea is experiencing its hottest IPO market on record and analysts expect that least 20 trillion won ($18.4 billion) will be raised in 2021, which would be about four times above 2020 levels. Krafton would be valued at around $25 billion based on its current plans, although the final size of the IPO could increase, another person added. In a statement, Krafton said that it could not comment on details of the IPO before it lodges a regulatory filing. At $5 billion-plus, Krafton would become the biggest IPO in South Korea since the 4.9 trillion won ($4.4 billion) float of Samsung Life Insurance in 2010, exchange data shows.
Persons: Krafton, Scott Murdoch, Heekyong Yang, Alex Richardson, Anshuman Daga, Alexander Smith Organizations: Korea Exchange, Reuters, Samsung Life Insurance, LG Energy Locations: HONG KONG, SEOUL, South Korea, Hong Kong, Seoul
The won strengthened, while the benchmark bond yield rose. ** The benchmark index ended the week up 0.29%, extending the buying spree to a fourth straight week. ** The won ended at 1,110.8 per dollar on the onshore settlement platform, 0.45% higher than its previous close at 1,115.8. ** It rose 0.51% on a weekly basis, bouncing back from a 0.09% decline a week earlier. ** The most liquid 3-year Korean treasury bond yield rose by 1.3 basis points to 1.295%, while the benchmark 10-year yield rose by 2.5 basis points to 2.110%.
Persons: LG Chem, , Seo Sang, 1,110.7900, Joori Roh, Jihoon Lee, Rashmi Aich Organizations: Korean, U.S, U.S . Federal Reserve, Samsung Electronics, SK Hynix, LG, CPI, Mirae Asset Securities, Federal Reserve Locations: Korea, SEOUL, Korean, Wall
Germany Shuts Door on Patent Trolls
  + stars: | 2021-06-11 | by ( Ruth Bender | ) www.wsj.com + 0.00   time to read: +4 min
Until now, patent owners were able to almost instantly obtain temporary bans from courts on the sale of products accused of patent infringement. If a court upholds the patent claims while rejecting an injunction, it would still have to order the alleged infringer to pay reasonable compensation to the patent holder. Proponents of the reform say the new law will give judges more leeway to push back against companies seeking to abuse Germany’s patent law for profit. Critics have accused them of preying on big corporations in German courts. “We see a clear weakening of patent law and this can also bear risks in an innovation-driving country like Germany,” said Beat Weibel, head of intellectual property at industrial engineering company Siemens AG , one of the leading patent owners in Europe.
Persons: Christine Lambrecht, Tyler Blint, Critics, infringers, Ludwig von Reiche, , Weibel, Ruth Bender Organizations: Apple Inc, Samsung Electronics Co, Inc, SAP, Deutsche Telekom AG, Volkswagen AG, Google, Samsung, Nvidia Corp, News, Nvidia, Bayer AG, BASF, Siemens AG Locations: BERLIN, Germany, U.S, European, Europe
* KOSPI rises, foreigners net sellers * Korean won strengthens against U.S. dollar * South Korea benchmark bond yield falls SEOUL, June 11 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares rose on Friday, tracking overnight Wall Street gains as inflationary concerns ease. The won strengthened, while the benchmark bond yield fell. ** The benchmark KOSPI rose 10.35 points, or 0.32%, to 3,234.99 as of 02:27 GMT. For the week, the index is set to log the first decline in a month. ** The most liquid 3-year Korean treasury bond yield rose by 2.3 basis points to 1.305%, while the benchmark 10-year yield fell by 1.1 basis points to 2.074%.
Persons: BOK, Lee Won, Cynthia Kim, Jihoon Lee, Rashmi Aich Organizations: Korean, U.S, of Korea, Bookook Securities, Samsung Electronics, SK Hynix, LG Locations: Korea, SEOUL, Korean
REUTERS/Fabrizio Bensch/File PhotoKrafton, the company behind blockbuster video game PlayerUnknown's Battlegrounds (PUBG), will launch its IPO early next week in what could be South Korea's largest listing in 11 years, people familiar with the matter said. South Korea is experiencing its hottest IPO market on record and analysts expect that least 20 trillion won ($18.4 billion) will be raised in 2021, which would be about four times above 2020 levels. read moreKrafton would be valued at around $25 billion based on its current plans, although the final size of the IPO could increase, another person added. In a statement, Krafton said that it could not comment on details of the IPO before it lodges a regulatory filing. At $5 billion-plus, Krafton would become the biggest IPO in South Korea since the 4.9 trillion won ($4.4 billion) float of Samsung Life Insurance (032830.KS) in 2010, exchange data shows.
Persons: Fabrizio Bensch, Krafton Organizations: PUBG, REUTERS, HK, Korea Exchange, Reuters, Samsung Life Insurance, LG Energy, Thomson Locations: Berlin, Germany, South Korea
UFC middleweight champion Israel Adesanya will defend his title against Marvin Vettori at UFC 263. UFC middleweight champion Israel Adesanya will face Marvin Vettori for the second time in the main event of UFC 263. Flyweight champion Deiveson Figueiredo will also defend his title in a rematch against Brandon Moreno at UFC 263. The UFC 263 main card costs $70 and requires an ESPN+ subscription for $6 a month or $60 per year. Ways to save on the UFC 263 pay-per-view priceIf you plan on signing up for ESPN+ to watch UFC 263, you can take advantage of a special discounted package.
Persons: Israel Adesanya, Marvin Vettori, Adesanya, he's, Jan Blachowicz, Vettori, Kevin Holland, Deiveson Figueiredo, Brandon Moreno, Figeuiredo, Moreno, Carlos Felipe, Jake Collier, Luigi Vendramini, Chase Hooper, Steven Peterson, Matt Frevola, Terrance McKinney, Alexis Davis, ESPN Movsar Evloev, Hakeem Dawodu, Lauren Murphy, Joanne Calderwood, Eryk Anders, Darren Stewart, Drew Dober, Brad Riddell, Paul Craig, Jamahal, Demian Maia, Belal Muhammad, Leon Edwards, Nate Diaz Organizations: UFC, ESPN, PT, ESPN Movsar, Amazon, Apple, Xbox, Samsung Smart Locations: Glendale , Arizona
Verizon turns on commercial private 5G in U.S.
  + stars: | 2021-06-10 | by ( Supantha Mukherjee | ) www.reuters.com sentiment -0.79   time to read: +2 min
REUTERS/Brendan McDermid/File PhotoVerizon Business (VZ.N) on Thursday launched its first commercially available private 5G network in the U.S. to offer businesses and government departments high-speed indoor or outdoor connectivity. Private 5G networks remove the need for businesses to jostle for speed with others on a public network and help enable data-intensive applications that use computer vision, augmented reality and machine learning to increase productivity. Verizon has been trialing private 5G with several customers, including Associated British Ports, and have partnered with the likes of Microsoft (MSFT.O) and Amazon (AMZN.O). The private 5G network, managed by Verizon, would keep all cellular traffic on the premises of the customer to increase security, while authorised remote users can still access applications. Verizon is seeing a lot of demand from financial institutions to increase speed of trading flows using 5G, and warehouses, which are planning to use robots and autonomous vehicles, Sampath said.
Persons: Brendan McDermid, Sampath Organizations: Verizon, REUTERS, Private, Associated, Associated British Ports, Microsoft, Corning, Tyndall Air Force Base, Marine Corps Air Station Miramar, Nokia, Samsung, Thomson Locations: New York City, U.S, Associated British, WeWork
TOKYO (Reuters) - Despite growing local opposition amid the coronavirus pandemic, the Tokyo Olympic Games that were postponed last year will get under way in less than two months - barring “Armageddon”, as one International Olympic Committee member said. Local ticket sales have typically accounted for 70-80% of the total at past Olympic Games. Analysts with the financial services firm Jefferies estimate the insured cost of the 2020 Olympics at $2 billion, including TV rights and sponsorship, plus $600 million for hospitality. In 2019, Japan hosted 31.9 million foreign visitors, who spent nearly 4.81 trillion yen ($44 bln). “If the (Olympic Games) trigger the spread of infections and necessitates another emergency declaration, then the economic loss would be much greater,” Kiuchi said.
Persons: Miraitowa, Stringer, NBCUniversal, Takahide Kiuchi, ” Kiuchi Organizations: Tokyo Olympic Games, Olympic, REUTERS, Tokyo, Local, Olympic Games, Olympics, Toyota, Bridgestone, Panasonic, Samsung, International Olympic Committee, IOC, Summer, Jefferies, Games, Variety, Comcast, Discovery Communications, Eurosport, HIT, Nomura Research Institute, Nomura Research Locations: TOKYO, Tokyo, Japan, Europe
The won traded flat, while the benchmark bond yield fell. ** The benchmark KOSPI ended 8.46 points, or 0.26%, higher at 3,224.64, bouncing back from a near 1% fall on Wednesday. ** The won ended at 1,115.8 per dollar on the onshore settlement platform, 0.04% lower than its previous close at 1,115.4. ** In money and debt markets, June futures on three-year treasury bonds fell 0.11 points to 110.89. ** The most liquid 3-year Korean treasury bond yield rose by 15.4 basis points to 1.291%, while the benchmark 10-year yield fell by 1.5 basis points to 2.089%.
Persons: , Na Jeong, 1,115.2800, Joori Roh, Ramakrishnan Organizations: U.S, Samsung Electronics, SK Hynix, Foreigners, Labor, Federal, Market, Cape Investment & Securities Locations: Korea, SEOUL, Korean, U.S
S.Korea stocks rebound ahead of U.S. inflation data
  + stars: | 2021-06-10 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
* KOSPI rises, foreigners net sellers * Korean won strengthens against U.S. dollar * South Korea benchmark bond yield falls SEOUL, June 10 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares rebounded on Thursday as investors waited for clearer signals on inflation ahead of U.S. data due later in the day. The won strengthened, while the benchmark bond yield fell. ** The benchmark KOSPI rose 8.45 points, or 0.26%, to 3,224.63 as of 0157 GMT, bouncing back from a near 1% fall on Wednesday. ** The U.S. Labor Department's consumer price index report due later on Thursday will give more cues on inflation and the Federal Reserve's steer on monetary policy. ** The most liquid 3-year Korean treasury bond yield rose by 11.3 basis points to 1.250%, while the benchmark 10-year yield fell by 1.9 basis points to 2.085%.
Persons: Choi Yoo, 1,114.3300, Joori Roh, Jihoon Lee, Ramakrishnan Organizations: Korean, U.S, Samsung Electronics, SK Hynix, Labor, Investors, Reserve, Shinhan Investment Corp Locations: Korea, SEOUL, Korean, U.S
S.Korea considers vaccinating workers at major companies
  + stars: | 2021-06-10 | by ( Heekyong Yang | ) www.reuters.com sentiment -0.99   time to read: +2 min
A health worker gets a dose of the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine at a COVID-19 vaccination center in Seoul, South Korea, March 10, 2021. Samsung Electronics, SK Hynix and LG Electronics said they had received the letter. Samsung and SK Hynix are the world's top two memory chip makers. Prime Minister Kim Boo-kyum said South Korea wanted to re-open travel with countries including Singapore, Taiwan, Thailand and Guam, allowing people to visit without needing to quarantine. South Korea has inoculated about 10 million people, or 19.6% of its 52 million people, and plans to vaccinate 70% by the third quarter.
Persons: Kim Hong, Kim Boo, kyum Organizations: Pfizer, REUTERS, Samsung Electronics Co, SK Hynix Inc, LG Electronics Inc, Business, Korea Disease Control, Prevention Agency, Samsung Electronics, SK Hynix, LG Electronics, Samsung, South, Thomson Locations: Seoul, South Korea, Ji South Korea, KS, Korea, Singapore, Taiwan, Thailand, Guam
Cellebrite, the secretive forensics firm known for cracking into locked iPhones, is preparing to go public. CEO Yossi Carmil told Insider about Cellebrite's "race" to stay ahead of Apple's software patches. Cellebrite's customers have mostly been police in the past, but now it's pursuing more private contracts. According to Carmil, Apple has been trying to patch vulnerabilities that Cellebrite exploits since 2011, and Cellebrite has been in a similar cat-and-mouse game with Samsung since 2016. Carmil also speculated that companies like Apple and Samsung may ultimately determine that it's in their best interests not to fight Cellebrite's technology.
Persons: Yossi Carmil, Cellebrite, Apple, Carmil, Marlinspike, Cellebrite's, I'm, , Kayleigh Haywood, Leeor Ben, Peretz, it's Organizations: FBI, Apple, Samsung, Union, US Department of Justice, iTunes, US, EU Locations: Israel, Leicestershire, Russia, Belarus, China
Remember to mark your calendars — this year, Father’s Day falls on Sunday, June 20. While Mother’s Day has been an official holiday since 1914, Father’s Day didn’t become one until 1978 — and traditionally, we spend less on our fathers for the occasion than we do on our mothers for Mother’s Day. Like Mother’s Day, Father’s Day can be difficult for those who don’t have their dad in their lives. SKIP AHEAD Stepdads | Grandpas | Uncles | Father-in-laws and othersBest Father’s Day gifts for your favorite father figuresAhead of Father’s Day, these are a few gifts you could consider for the important father figures in your life, from stepdads to father-in-laws. Just in time for Father’s Day, the brand is also offering a limited-time sitewide sale with 30 percent off products and free monogramming.
Persons: Father’s, didn’t, you’ve, It’s, Alexa, Siri, Away’s, who’s, Jack Black, White, Olive —, he’s, Heather Gray Organizations: Mother’s, Apple, Samsung, Google, Microsoft, Father’s, XXL, NBC Locations: stepdads, Patagonia, Vinglacé
S.Korean stocks end nearly 1% lower on tech slump; U.S. inflation eyed
  + stars: | 2021-06-09 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
** The won weakened and the benchmark bond yield fell. ** The benchmark KOSPI ended 31.65 points, or 0.97%, lower at 3,216.18, marking the third decline in five sessions. ** In offshore trading, the won was quoted at 1,115.1 per dollar, up 0.2%, while in non-deliverable forward trading, its one-month contract was quoted at 1,114.8. ** The most-liquid 3-year Korean treasury bond yield fell by 3.1 basis points to 1.143%, while the benchmark 10-year yield fell by 1.4 basis points to 2.102%. ($1 = 1,114.4300 won) (Reporting by Joori Roh, additional reporting by Jihoon Lee; editing by Uttaresh.V)
Persons: KOSPI, , Lee Kyoung, 1,114.4300, Joori Roh, Jihoon Lee Organizations: U.S, European Central Bank, Samsung Electronics, SK Hynix, LG, Daishin Securities Locations: SEOUL, Korean
S.Korea stocks dip on tech slump; U.S. inflation data in focus
  + stars: | 2021-06-09 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
The won and the benchmark bond yield weakened. ** The benchmark KOSPI was down 8.11 points, or 0.25%, at 3,239.72, as of 0149 GMT. ** Market participants look to Thursday's U.S. consumer price index data for further clues regarding inflation, and how it could influence the Federal Reserve's timetable for tightening its monetary policy. ** The won was quoted at 1,116.3 per dollar on the onshore settlement platform , 0.19% lower than its previous close at 1,114.2. ** The most liquid 3-year Korean treasury bond yield fell by 2.3 basis points to 1.151%, while the benchmark 10-year yield fell by 1.1 basis points to 2.105%.
Persons: 1,115.4500, Joori Roh, Sherry Jacob, Phillips Organizations: U.S, European Central Bank, Samsung Electronics, SK Hynix, LG Locations: Korea, SEOUL, Korean
Bangladesh stocks hold 'hidden gems' for investors, HSBC says
  + stars: | 2021-06-09 | by ( Saheli Roy Choudhury | ) www.cnbc.com + 0.00   time to read: +3 min
HSBC says Bangladesh stocks hold opportunities for fund managers looking to diversify their portfolios — and there could be "hidden gems" among the public-listed companies there. The South Asian country has two stock exchanges — Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange. In a report published this month, HSBC said the Bangladesh stock market is where Vietnam was five years ago — the Southeast Asian nation is a frontier market favorite among investors. While the Bangladesh market is relatively small, illiquid and not easy to access, it has a market capitalization-to-GDP ratio of 14%, according to HSBC. The Bangladesh stock market has more than 300 listed companies, and only 7 stocks have a market capitalization of more than $1 billion, according to the HSBC report.
Persons: Devendra Joshi, Joshi, Ahmed Salahuddin Organizations: HSBC, Dhaka Stock Exchange, Chittagong Stock Exchange, ASEAN, World Bank, Samsung, Honda Locations: Bangladesh, Chittagong, Vietnam, Dhaka, Korean
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