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October 30, 2024

(LEAD) Seoul shares snap 3-day rise on tech, battery slump

South Korean stocks fell nearly 1 percent to snap a three-session winning streak as foreign investors dumped techs and battery stocks. The local currency rose against the U.S. dollar.

The benchmark Korea Composite Stock Price

POSCO Future M swings to loss in Q3

POSCO Future M Co. on Wednesday reported its third-quarter net loss of 1.2 billion won (US$872,517), turning from a profit of 23.2 billion won a year earlier.

The company said in a regulatory filing that

S. Korean Bond Yields on Oct. 30, 2024

1-year TB 2.870 2.867 +0.3

2-year TB 2.956 2.948 +0.8

3-year TB 2.937 2.936 +0.1

10-year TB 3.105 3.118 -1.3

2-year MSB 2.950 2.943 +0.7

3-year CB (AA-) 3.502 3.504 -0.2

91-day CD 3.430 3.410

S. Korea reports season’s first avian influenza case

The agricultural ministry said Wednesday that it has confirmed the season’s first highly pathogenic avian influenza case at a local farm and issued a standstill order on poultry farms nationwide.

The case was reported Tuesday