South Korean shares rebound from 7-week low on tech-buying

Hyundai Motor Co

09/07/2026 07:55

KOSPI rises, foreigners net buyers
Korean won weakens against dollar
South Korea benchmark bond yield falls
For the midday report, please click nL1N43B018
SEOUL, July 9 (Reuters) - Round-up of South Korean financial markets:
** South Korean shares rebounded from a seven-week low hit in the previous session on Thursday, as heavyweight chipmakers followed an overnight rally in U.S. semiconductor peers.  
** The benchmark KOSPI .KS11 closed up 45.12 points, or 0.62%, at 7,291.91. During the session, it swung between gains of 4.1% and losses of 2.5%, reflecting the volatility in prices over the past few weeks. 
** The index fell on Wednesday for a third session to touch its lowest close since May 20, down more than 20% from a record-peak hit in late June, which is typically considered a confirmation of a bear market.
** "Volatility heightened again, with the index erasing gains as retail investors sold shares on profit-taking pressure and worries around the chip sector," said Lee Kyoung-min, an analyst at Daishin Securities.
** The S&P 500 Index on Wall Street ended lower on Wednesday after U.S. President Donald Trump said an interim deal aimed at ending the war with Iran was "over".
** Helping keep the tech-heavy Nasdaq in positive territory, Broadcom AVGO.O climbed 2.2% after Apple AAPL.O said it plans to spend more than $30 billion as part of a chip-supply agreement reached earlier this week with the U.S. chipmaker. .N
** Among South Korean index heavyweights, chipmaker Samsung Electronics 005930.KS rose 0.18%, while peer SK Hynix 000660.KS gained 5.30%. Battery maker LG Energy Solution 373220.KS slid 0.63%.
** Of the total 913 traded issues, 237 shares advanced, while 652 declined.
** Foreigners were net buyers of shares worth 137.5 billion won ($91.14 million). Retail investors sold 1.3 trillion won. 
** The won was quoted at 1,506.1 per dollar on the onshore settlement platform KRW=KFTC, 0.25% lower than its previous close at 1,502.4.
** The most liquid three-year Korean treasury bond yield KR3YT=RR was flat at 3.776%, while the benchmark 10-year yield KR10YT=RR fell by 0.8 basis point to 4.240%.
($1 = 1,508.6700 won)

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