S.Korea stocks slip on fears over U.S inflation, Delta variant - NewsBreak

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By Poppy in Business
Updated 3 years ago

* KOSPI falls, foreigners net sellers * Korean won weakens against U.S. dollar * South Korea benchmark bond yield rises SEOUL, Sept 13 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares fell on Monday, after U.S. producer prices data stoked inflation fears ahead of the Federal Reserve meeting next week, with worries about the Delta variant weighing on sentiment. The won fell, while the benchmark bond yield rose. ** The KOSPI fell 13.25 points, or 0.42%, to 3,112.51 by 0214 GMT, reversing a 0.36% gain clocked in the previous session. ** Among the heavyweights, technology giant Samsung Electronics rose 0.80% and peer SK Hynix added 0.48%, while web portal giant Naver and mobile messenger app operator Kakao tumbled 0.98% and 4.62%, respectively. ** Friday's data showed U.S. producer prices increased solidly in August, indicating that high inflation is likely to persist for a while, with supply chains remaining tight as the pandemic drags on. ** Federal Open Mar

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