South Korean shares snap four-day losing streak as chipmakers rebound

HYUNDAI MOTOR

16/09/2026 07:54

KOSPI rises, foreigners net sellers
Korean won weakens against dollar
South Korea benchmark bond yield falls
For the midday report, please click nL1N45801Z
SEOUL, Sept 16 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares rose more than 1% on Wednesday, snapping a four-session losing streak as chipmakers rebounded, while investors awaited the outcome of the U.S. Federal Reserve's policy meeting for further market direction.
** The benchmark KOSPI .KS11 closed up 90.71 points, or 1.37%, at 6,717.97.
** Shares of SK Hynix 000660.KS extended gains to close 4.08% higher after Reuters reported that the chipmaker was in talks with Intel INTC.O on a deal to manufacture memory chips on U.S. soil for the first time.
** Peer chipmaker Samsung Electronics 005930.KS rose 2.01%.
** "There was dip buying in the semiconductor sector after recent sharp losses triggered by AI slowdown worries," said Seo Sang-young, an analyst at Mirae Asset Securities. 
** The Fed 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.
** Among other index heavyweights, battery maker LG Energy Solution 373220.KS climbed 0.41%, while Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were down 1.36% and 0.90%, respectively.
** Shares of steelmaker POSCO Holdings 005490.KS shed 1.66%, while drugmaker Samsung BioLogics 207940.KS fell 0.21%.
** Of the total 917 traded issues, 304 shares advanced, while 578 declined.
** Foreigners were net sellers of shares worth 1.7 trillion won ($1.24 billion). 
** The won was quoted at 1,368.6 per dollar on the onshore settlement platform KRW=KFTC, 0.29% lower than its previous close at 1,364.6.
** In money and debt markets, December futures on three-year treasury bonds KTBc1 gained 0.19 point to 102.15.
** The most liquid three-year Korean treasury bond yield KR3YT=RR fell 4.5 basis points to 4.055%, while the benchmark 10-year yield KR10YT=RR fell 3.7 basis points to 4.551%.

($1 = 1,368.4000 won)

 (Reporting by Jihoon Lee; Editing by Sherry Jacob-Phillips)
 ((jihoon.lee@thomsonreuters.com;))