June 26, 2024 at 02:54 am EDT
* KOSPI rises, foreigners net buyers
* Korean won weakens slightly against dollar
* South Korea benchmark bond yield steady
SEOUL (Reuters) - Round-up of South Korean financial markets:
** South Korean shares rose on Wednesday as chipmaker SK Hynix tracked its major customer Nvidia's rebound.
** The won and the benchmark bond yield were little changed.
** The benchmark KOSPI closed up 17.66 points, or 0.64%, at 2,792.05.
** "Semiconductor stocks rose as Wall Street's Nvidia-led strength continued, also supported by investor hopes for upbeat earnings by another chipmaker Micron Technology," said Park Kwang-nam, an analyst at Mirae Asset Securities.
** SK Hynix rose 5.33%, its biggest climb since June 7, after Nvidia's jump of 6.8% that led gains in tech stocks on Wall Street overnight. Rival Samsung Electronics rose 0.62%.
** Search engine Naver and instant messenger Kakao jumped 1.20% and 1.46%, respectively. Automakers also rose, but biopharmaceutical manufacturers fell.
** South Korea's exports are expected to recover towards record-high levels in the first half of this year, the finance minister said.
** South Korea's central bank said there was a possibility of downward pressure mounting again on the won, as it vowed to step up monitoring of risk factors and stabilise markets.
** Of the total 932 traded issues, 355 shares advanced, while 515 declined.
** Foreigners were net buyers of shares worth 502.6 billion won ($361.74 million) on the main board.
** The won ended onshore trade at 1,388.7 per dollar, 0.09% lower than its previous close at 1,387.5.
** In money and debt markets, September futures on three-year treasury bonds fell 0.05 point to 105.11.
** The most liquid three-year Korean treasury bond yield rose by 1.6 basis points to 3.217%, while the benchmark 10-year yield was up by 0.9 basis point at 3.280%. ($1 = 1,389.3900 won) (Reporting by Jihoon Lee)

Sumber : Reuters