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    A035420   KR7035420009


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

S.Korean stocks end 1% higher on upbeat earnings, trade report

10/26/2021 | 02:57am EST

* KOSPI rises, foreigners net buyers

* Korean won strengthens against U.S. dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, Oct 26 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares ended nearly 1% higher on Tuesday, as upbeat earnings from chipmaker SK Hynix and trade data offset investor concerns over slower-than-expected quarterly economic growth. The won and the benchmark bond yield strengthened.

** The benchmark KOSPI closed up 28.54 points, or 0.94%, at 3,049.08.

** Among the heavyweights, chip giants Samsung Electronics and SK Hynix rose 1.28% and 2%, respectively, while battery maker LG Chem and platform company Naver added 1.10% and 2.48%, respectively.

** SK Hynix, the world's second-biggest memory chipmaker, forecast on Tuesday steady growth in demand for memory chips as it posted its highest quarterly operating profit since 2018 on the back of rising prices.

** Hyundai Motor gained 1.18%, tracking a 12.66% surge in Tesla shares overnight, even as its third-quarter profit missed analysts' estimates on chip shortage.

** The country's trade volume reached $1 trillion for the year on Tuesday and is set for a record in 2021, the country's customs agency said, lifting risk appetite further.

** Investors appeared to show scant response to a central bank data that cited the economy grew slower than expected in the third quarter, as subdued private consumption and weak construction and facility investment offset robust exports.

** Foreigners were net buyers of 106.1 billion won ($90.13 million) worth of shares on the main board.

** The won ended at 1,167.6 per dollar on the onshore settlement platform, 0.07% higher than its previous close.

** In offshore trading, the won was quoted at 1,166.6 per dollar, up 0.1% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,167.1.

** In money and debt markets, December futures on three-year treasury bonds rose 0.05 points to 108.47.

** The most liquid 3-year Korean treasury bond yield rose by 0.8 basis points to 1.927%, while the benchmark 10-year yield rose by 1.9 basis points to 2.445%.

($1 = 1,177.2300 won) (Reporting by Joori Roh; Editing by Sherry Jacob-Phillips)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI MOTOR COMPANY -2.31% 190000 End-of-day quote.-9.09%
LG CHEM, LTD. 3.27% 664000 End-of-day quote.7.97%
NAVER CORPORATION -2.80% 313000 End-of-day quote.-17.31%
SAMSUNG ELECTRONICS CO., LTD. -0.95% 73300 End-of-day quote.-6.39%
SK HYNIX INC. -0.42% 117500 End-of-day quote.-10.31%
TESLA, INC. 2.07% 937.41 Delayed Quote.-11.30%
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More news
Analyst Recommendations on NAVER CORPORATION
More recommendations
Sales 2021 6 770 B 5,63 B 5,63 B
Net income 2021 16 554 B 13,8 B 13,8 B
Net cash 2021 2 037 B 1,69 B 1,69 B
P/E ratio 2021 2,99x
Yield 2021 0,16%
Capitalization 46 659 B 38 986 M 38 773 M
EV / Sales 2021 6,59x
EV / Sales 2022 5,31x
Nbr of Employees 4 315
Free-Float 90,8%
Duration : Period :
NAVER Corporation Technical Analysis Chart | A035420 | KR7035420009 | MarketScreener
Technical analysis trends NAVER CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 29
Last Close Price 313 000,00 KRW
Average target price 514 620,69 KRW
Spread / Average Target 64,4%
EPS Revisions
Managers and Directors
Seong-Sook Han Chief Executive Officer & Director
Sang-Jin Park Chief Financial Officer
In-Hyuk Choi Chief Operating Officer & Director
Yeon-Ah Jeong Head-Legal Affairs & Compliance Support
Hae-Jin Lee Global Investment Officer
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