South Korean shares rise for seventh session as chip stocks rally
SOUTHKOREA-MARKETS/MIDDAY:South Korean shares rise for seventh session as chip stocks rally
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KOSPI rises, foreigners net buyers
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Korean won weakens against dollar
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South Korea benchmark bond yield rises
SEOUL, - Round-up of South Korean financial markets:
** South Korean shares rose for a seventh straight session on Wednesday, as chip stocks followed their U.S. peers higher. The won weakened, while the benchmark bond yield rose.
** The benchmark KOSPI was up 45.68 points, or 1.74%, at 2,672.49, as of 0155 GMT.
** Among index heavyweights, chipmaker Samsung Electronics rose 2.81% and peer SK Hynix gained 4.05%, while battery maker LG Energy Solution climbed 5.42%.
** Shares of chipmaker Intel jumped 10.1% overnight. Taiwan Semiconductor Manufacturing Co and Broadcom are eyeing potential deals that would break Intel into two, the Wall Street Journal reported on Saturday.
** Hyundai Motor added 1.75% and sister automaker Kia Corp gained 1.38%, while search engine Naver and instant messenger Kakao were up 0.22% and up 1.41%, respectively.
** Of the total 939 traded issues, 542 shares advanced, while 333 declined.
** Foreigners were net buyers of shares worth 147.7 billion won on the main board on Wednesday.
** The won was quoted at 1,440.5 per dollar on the onshore settlement platform, 0.07% lower than its previous close at 1,439.5.
** In offshore trading, the won was quoted at 1,440.8 per dollar, flat on the day, while in non-deliverable forward trading its one-month contract was quoted at 1,438.2.
** The KOSPI has risen 11.38% so far this year, and gained 9.5% in the previous 30 trading sessions.
** The won has gained 2.2% against the dollar so far this year.
** In money and debt markets, March futures on three-year treasury bonds fell 0.01 point to 106.58.
** The most liquid three-year Korean treasury bond yield rose by 0.3 basis point to 2.647%, while the benchmark 10-year yield rose by 3.6 basis points to 2.893%.
This article was generated from an automated news agency feed without modifications to text.
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