Won/dollar 1,506.1 won, 3yield on government bonds 3.753% as holding companies rally
21On the day, the won/dollar exchange rate 15:30at the closing price 1,506.1won 0.7won lower, while government bond yields mostly fell, and the yield on government bonds was 3annualized at 3.753%. Holding companies and diversified conglomerates closed higher as discount rates narrowed, and several companies 5month 21issued disclosures on the day.
21In domestic financial markets on the day, the won/dollar exchange rate and government bond yields edged lower. The won/dollar exchange rate was 15:30at the closing price 1,506.1won, down 0.7won from the previous day. Expectations for a ceasefire agreement between the United States and Iran were cited as the reason for the decline.
Government bond yields mostly fell. In particular, the yield on government bonds 3was annualized at 3.753%. Yields at other maturities were also reported to have generally moved lower.
Holding companies and diversified conglomerates closed higher in the stock market. Among the announcements, a narrowing of the discount rate was cited as a factor that lifted holding-company share prices. Some holding-company-related stocks ended the session with double-digit gains.
Intraday volatility was high among individual stocks in the market that day. Disclosures from specific companies and movements in interest rates and exchange rates were reflected in prices in the short term. Trading value and the range of gains and losses varied across stocks.
Corporate disclosures were5month 21day, with many filed. Disclosure items vary by company. Investors need to check each company's individual disclosures.