SOUTH KOREA DAYBOOK: S.Korea, Japan, U.S. Envoys Discuss N.Korea
WHAT TO WATCH * Kospi 200 futures fell 0.1 percent to 236.25 * South Korea sells 1.45 trillion won of 10-year bonds at about 11:30 a.m. * Japan’s top nuclear negotiator gives press conference on outcome of trilateral discussions at about 2:50 p.m.
MARKETS * Dow Average 0.6% to 12,369.38 * Euro was little changed at $1.2782 * U.S. 10-year yield gained 3bps to 1.723% * Crude oil slipped 1.2% to $91.80/bbl * Spot gold climbed 1.2% to $1,592.99/oz
EQUITY MOVERS * Hyundai Motor Co. (005380) (005380 KS) may not be able to produce 7,800 vehicles in three plants in South Korea, Yonhap reports. * STX Corp. (011810) (011810 KS) will sell 50.75 percent stake in STX OSV Holdings Ltd. (SOH) to a group formed by Italy’s Fincantieri and Carlyle, Maeil reports. * KB Financial Group (105560) (105560 KS) and Korea Life Insurance Co. (083350) Ltd. (088350 KS) make preliminary bids for ING Groep NV’s (INGA NA) Asia business, Edaily reports. * Hana Financial Group (086790) (086790 KS) preparing for Bank of Jilin to be listed on Shanghai Stock Exchange mid next year, Korea Economic Daily reports.
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