South Korean shares extend gains for sixth session as China stocks shine

Kakao

18/02/2025 05:01

* 
      KOSPI rises, foreigners net sellers
    

        * 
      Korean won weakens against dollar
    

        * 
      South Korea benchmark bond yield rises
    

  
       SEOUL, Feb 18 (Reuters) - Round-up of South Korean
financial markets:  
    ** South Korean shares extended gains for a sixth straight
session on Tuesday as shares in China, South Korea's biggest
trading partner, rose on expectations that a meeting between
President Xi Jinping and head of big companies will boost shares
of those companies. The won weakened, while the benchmark bond
yield rose.  
    ** The benchmark KOSPI  .KS11  was up 14.10 points, or
0.54%, at 2,624.52 as of 0422 GMT.   
    ** Among index heavyweights, chipmaker Samsung Electronics
 005930.KS  rose 2.14% and peer SK Hynix  000660.KS  lost 0.94%,
while battery maker LG Energy Solution  373220.KS  slid 1.27%.  
    ** Hyundai Motor  005380.KS  added 0.35% and sister
automaker Kia Corp  000270.KS  gained 0.11%, while search engine
Naver  035420.KS  and instant messenger Kakao  035720.KS  were
up 0.23% and up 0.26%, respectively.
    ** China revealed support for private sector, with the Hang
Seng Index  .HIS  rising 2.05%.  
    ** Of the total 939 traded issues in South Korea, 421 shares
advanced, while 460 declined.  
    ** Foreigners were net sellers of shares worth 149.7 billion
won ($103.69 million) on the main board on Tuesday.  
    ** The won was quoted at 1,443.3 per dollar on the onshore
settlement platform  KRW=KFTC , 0.09% lower than its previous
close at 1,442.0.  
    ** In offshore trading, the won  KRW=  was quoted at 1,443.5
per dollar, down 0.2% on the day, while in non-deliverable
forward trading its one-month contract  KRW1MNDFOR=  was quoted
at 1,441.1.  
    ** The KOSPI has risen 9.38% so far this year, and gained
8.6% in the previous 30 trading sessions.  
    ** The won has gained 2% against the dollar so far this
year.  
    ** In money and debt markets, March futures on three-year
treasury bonds  KTBc1  fell 0.04 point to 106.61.  
    ** The most liquid three-year Korean treasury bond yield
 KR3YT=RR  rose by 1 basis point to 2.635%, while the benchmark
10-year yield  KR10YT=RR  rose by 3.4 basis points to 2.872%.


($1 = 1,443.7400 won)

 (Reporting by Cynthia Kim; Editing by Mrigank Dhaniwala)
 ((mailto:Cynthia.Kim@thomsonreuters.com; 822 3704 5655; Reuters
Messaging: rm://cynthia.kim.thomsonreuters.com@reuters.net/))