South Korean shares rebound from seven-week low as chipmakers rally

Hyundai Motor Co

09/07/2026 03:01

KOSPI rises, foreigners net buyers
Korean won weakens against dollar
South Korea benchmark bond yield rises
SEOUL, July 9 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares rose more than 2.5% on Thursday, rebounding from a seven-week low hit in the previous session, as local chipmakers mirrored an overnight rally in U.S. semiconductor stocks. 
** The benchmark KOSPI .KS11 was up 182.72 points, or 2.52%, at 7,429.51, as of 0137 GMT. 
** 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 level hit in late June. 
** "After three consecutive sessions of a slump, a rebound in U.S. chip stocks offers grounds for dip-buying," said Han Ji-young, an analyst at Kiwoom 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 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
** The gains in U.S. technology shares provided a positive lead for Asian chipmakers, helping lift sentiment in South Korea's stock market despite broader concerns about geopolitical tensions.
** Among index heavyweights, South Korean chipmaker Samsung Electronics 005930.KS rose 2.52%, while peer SK Hynix 000660.KS gained 7.23%. Battery maker LG Energy Solution 373220.KS climbed 2.69%.
** Shares of Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were down 2.49% and 4.59%, respectively. Steelmaker POSCO Holdings 005490.KS shed 0.16%, while drugmaker Samsung BioLogics 207940.KS fell 1.47%.
** Of the total 910 traded issues, 404 shares advanced, while 471 declined.
** Foreigners were net buyers of shares worth 281.6 billion won ($186.86 million).
** The won was quoted at 1,507.0 per dollar on the onshore settlement platform KRW=KFTC, 0.31% lower than its previous close at 1,502.4.
** In money and debt markets, September futures on three-year treasury bonds KTBc1 lost 0.12 point to 103.00.
** The most liquid three-year Korean treasury bond yield KR3YT=RR rose 3.5 basis points to 3.811%, while the benchmark 10-year yield KR10YT=RR rose by 3.5 basis points to 4.283%.

($1 = 1,507.0000 won)

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