South Korean shares rise as chipmakers gain ahead of Fed outcome

HYUNDAI MOTOR

16/09/2026 04:22

KOSPI rises, foreigners net sellers
Korean won weakens against dollar
South Korea benchmark bond yield falls
SEOUL, Sept 16 (Reuters) - A roundup of South Korean financial markets: 

** South Korean shares rose on Wednesday, lifted by chipmakers after a recent selloff, while investors remained cautious as elevated bond yields and the prospect of a U.S. rate hike weighed on broader risk sentiment.
** The benchmark KOSPI .KS11 was up 28.92 points, or 0.44%, at 6,656.18 as of 0257 GMT, after four consecutive sessions of losses. 
** The U.S. Federal Reserve will raise its interest rate on Wednesday and deliver at least one more hike by the end of March, according to a majority of economists polled by Reuters, reversing a fragile no-change consensus that prevailed before official data on Friday showed firm inflation.
** Chipmaker Samsung Electronics 005930.KS rose 1.01%, while peer SK Hynix 000660.KS gained 1.72%.
** Among other index heavyweights, battery maker LG Energy Solution 373220.KS climbed 0.96%, while Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were down 1.63% and 0.49%, respectively.
** Steelmaker POSCO Holdings 005490.KS shed 1.51%, while drugmaker Samsung BioLogics 207940.KS fell 0.78%.
** Of the 914 total traded issues, 254 advanced, while 608 declined.
** Foreigners were net sellers of shares worth 1.1 trillion won ($804.80 million). 
** The won was quoted at 1,368.5 per dollar on the onshore settlement platform KRW=KFTC, 0.28% lower than its previous close at 1,364.6.
** In money and debt markets, December futures on three-year treasury bonds KTBc1 gained 0.15 point to 102.11.
** The most liquid three-year Korean treasury bond yield KR3YT=RR fell by 2.5 basis points to 4.075% and the benchmark 10-year yield KR10YT=RR fell by 3.3 basis points to 4.555% amid investor views that recent sharp increases to multi-year highes were excessive.

($1 = 1,366.8000 won)

 (Reporting by Jihoon Lee)
 ((jihoon.lee@thomsonreuters.com;))