July 16, 2024 at 02:57 am EDT
* KOSPI rises, foreigners net buyers
* Korean won weakens against dollar
* South Korea benchmark bond yield falls
SEOUL (Reuters) - Round-up of South Korean financial markets:
** South Korean shares rose on Tuesday, led by chip and auto heavyweights, while defence stocks extended gains on the prospect of Donald Trump's victory in November's U.S. presidential elections.
** The benchmark KOSPI closed up 5.17 points, or 0.18%, at 2,866.09.
** "The market is trading under an assumption that Trump will win," Mirae Asset Securities analyst Seo Sang-young said, citing gains in financial and energy-related stocks and losses in renewable energy and China-related stocks.
** Chipmaker Samsung Electronics rose 1.15%, while rival SK Hynix gained 1.30%.
** The Transport Equipment Index was the biggest gainer on the KOSPI with a 1.96% jump. Hyundai Motor climbed 2.23% and Kia Corp rose 2.42%.
** Hanwha Aerospace rose 1.70%, Hanwha Systems jumped 4.24% and LIGN ex1 climbed 2.57% as traders weighed expectations that Trump might win the election after surviving an assassination attempt.
** On the flip side, battery maker LG Energy Solution slid 3.35%, and peer Samsung SDI dropped 4.64%, tracking losses in U.S. battery stocks.
** Search engine Naver and instant messenger Kakao ended down 2.67% and 2.39%, respectively, while China-exposed beauty products maker LG Household & Healthcare dropped 3.39%.
** Of the total 933 traded issues, 359 shares advanced, while 500 declined.
** Foreigners were net buyers of shares worth 181.4 billion won ($131 million).
** The won was quoted at 1,384.9 per dollar on the onshore settlement platform, 0.12% lower than its previous close at 1,383.2.
** In money and debt markets, September futures on three-year treasury bonds rose 0.13 point to 105.66.
** The most liquid three-year Korean treasury bond yield fell by 6.6 basis points to 3.026%, while the benchmark 10-year yield fell by 4.6 bps to 3.130%. ($1 = 1,384.5800 won) (Reporting by Jihoon Lee; Editing by Varun H K)

Sumber : Reuters