South Korea shares rebound but set for second weekly loss

Hyundai Motor Co

03/07/2026 05:52

KOSPI rises, foreigners net sellers
Korean won weakens against dollar
South Korea benchmark bond yield falls
SEOUL, July 3 (Reuters) - Round-up of South Korean financial markets:  
** South Korean shares rose on Friday but were set to log a second weekly loss after heavy losses in global technology companies earlier in the week pulled Samsung Electronics and SK Hynix lower amid concerns that the AI-driven rally might have peaked.
** The won weakened, while the benchmark bond yield fell.  
** The benchmark KOSPI .KS11 was up 327.43 points, or 4.28%, at 7,975.52 as of 04:34 GMT. For the week, the index is down 4.95%.  
** Among index heavyweights, chipmaker Samsung Electronics 005930.KS rose 8.57% after media reports that Anthropic PBC is in talks with Samsung Electronics to be a manufacturing partner for a custom AI chip. 
** SK Hynix 000660.KS gained 7.18%. Battery maker LG Energy Solution 373220.KS climbed 0.14%.      
** Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were up 0.41% and up 3.17%, respectively. Steelmaker POSCO Holdings 005490.KS shed 0.47%, while drugmaker Samsung BioLogics 207940.KS rose 0.28%.  
** Of the 912 issues traded, 406 shares advanced, while 471 declined.  
** Foreigners were net sellers of shares worth 1,501.9 billion won.  
** The won was quoted at 1,544.4 per dollar on the onshore settlement platform KRW=KFTC, 0.28% lower than its previous close at 1,540.0.
     ** In offshore trading, the won KRW= was quoted at 1,544.5 per dollar, down 0.3% on the day, while in non-deliverable forward trading its one-month contract KRW1MNDFOR= was quoted at 1,543.2.  
** The KOSPI has risen 89.25% so far this year.  
** The won has weakened 6.8% against the dollar so far this year.  
** In money and debt markets, September futures on three-year treasury bonds KTBc1 gained 0.08 point to 103.11.  
** The most liquid three-year Korean treasury bond yield KR3YT=RR fell by 1.5 basis points to 3.732%, while the benchmark 10-year yield KR10YT=RR fell by 0.7 basis points to 4.173%.
     

(Reporting by Cynthia Kim; Editing by Rashmi Aich)
((Cynthia.Kim@thomsonreuters.com; 822 3704 5655; Reuters Messaging: cynthia.kim.thomsonreuters.com@reuters.net/))