South Korean shares rise as chip, auto stocks advance

Kakao

26/03/2025 01:39

KOSPI rises, foreigners net buyers

Korean won weakens against dollar

South Korea benchmark bond yield falls

SEOUL, March 26 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares rose on Wednesday, tracking Wall Street's overnight gains, with chip and auto stocks leading the benchmark index higher.

** The benchmark KOSPI .KS11 was up 11.14 points, or 0.43%, at 2,626.95 as of 0122 GMT, after two sessions of losses.

** Investor focus is on U.S. tariffs, with President Donald Trump's reciprocal tariffs due to be announced in the near future, and on domestic political developments with a court ruling on President Yoon Suk Yeol's impeachment also expected to come soon.

** Chipmaker Samsung Electronics 005930.KS rose 1.84%, and peer SK Hynix 000660.KS gained 2.16%.

** Hyundai Motor 005380.KS added 2.27% and sister automaker Kia Corp 000270.KS gained 1.09%, extending gains on an investment plan in the United States.

** Hyundai Steel 004020.KS fell 0.73%, after dropping 7% in the previous session on scepticism over the benefits from Hyundai Motor Group's planned investments in the U.S.

** Of the total 936 traded issues, 427 shares advanced, while 418 declined.

** Foreigners were net buyers of shares worth 82.9 billion won ($56.6 million).

** The won was quoted at 1,467 per dollar on the onshore settlement platform KRW=KFTC, 0.24% lower than its previous close at 1,463.5.

** In money and debt markets, June futures on three-year treasury bonds KTBc1 fell 0.03 point to 106.76.

** The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 0.1 basis points to 2.615%, while the benchmark 10-year yield KR10YT=RR fell by 0.9 basis points to 2.830%.

($1 = 1,465.1000 won)

 (Reporting by Jihoon Lee; Editing by Mrigank Dhaniwala)

 ((jihoon.lee@thomsonreuters.com;))