South Korean shares jump as buoyant chip sector lifts appetite

Kakao

06/01/2025 03:31

* 
      KOSPI rises, foreigners net buyers
    

        * 
      Korean won strengthens against dollar
    

        * 
      South Korea benchmark bond yield rises
    

  
       SEOUL, Jan 6 (Reuters) - Round-up of South Korean
financial markets:
    
** South Korean stocks climbed 1.5% on Monday, driven by a
buoyant chip sector after Microsoft's announcement to boost
investment in data centres sparked investor interest. The won
appreciated, while the benchmark bond yield rose. 

** The benchmark KOSPI  .KS11  was up 36.56 points, or 1.50%, at
2,478.48, as of 0308 GMT. 
    
** Among index heavyweights, chipmaker Samsung Electronics
 005930.KS  rose 2.57% and peer SK Hynix  000660.KS  gained
5.99%, while battery maker LG Energy Solution  373220.KS 
climbed 2.39%. 
    
** Microsoft  MSFT.O  is planning to invest about $80 billion in
fiscal 2025 on developing data centres to train artificial
intelligence (AI) models and deploy AI and cloud-based
applications, the company said in a blog post on Friday.  
 
** South Korea's anti-corruption agency said on Monday it asked
police to take over the execution of an arrest warrant for
impeached President Yoon Suk Yeol.    
    
** Shares of Hyundai Motor  005380.KS  shed 0.70% and sister
automaker Kia Corp  000270.KS  lost 0.10%, while search engine
Naver  035420.KS  and instant messenger Kakao  035720.KS  were
up 3.49% and 2.76%, respectively.
    
** Of the total 943 traded issues, 606 shares advanced, while
290 declined.
    
** Foreigners were net buyers of shares worth 49.7 billion won 
($33.80 million) on the main board on Monday.
    
** In offshore trading, the won  KRW=  was quoted at 1,470.3 per
dollar, down 0.1% on the day, while in non-deliverable forward
trading its one-month contract  KRW1MNDFOR=  was quoted at
1,468.2.
    
** The KOSPI has risen 3.29% so far this year, and lost 1.2% in
the previous 30 trading sessions.
    
** The won has strengthened 0.2% against the dollar so far this
year.
    
** In money and debt markets, March futures on three-year
treasury bonds  KTBc1  fell 0.07 point to 106.86.
    
** The most liquid three-year Korean treasury bond yield
 KR3YT=RR  rose by 1.4 basis points to 2.499%, while the
benchmark 10-year yield  KR10YT=RR  rose by 8.0 basis points to
2.813%.

   ($1 = 1,470.3700 won)
    

 (Reporting by Cynthia Kim; Editing by Sherry Jacob-Phillips)
 ((Cynthia.Kim@thomsonreuters.com; 822 3704 5655; Reuters
Messaging: cynthia.kim.thomsonreuters.com@reuters.net))