South Korea shares fall after selloff continues on Wall Street

LG Energy Solution

03/11/2026 07:00

KOSPI falls, foreigners net sellers
Korean won strengthens against dollar
South Korea benchmark bond yield falls
For the midday report, please click nL2N46K02T
SEOUL, Nov 3 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares closed down on Tuesday as a selloff of tech shares deepened on Wall Street, offsetting positive sentiment from a plunge in oil prices. The won strengthened, while the benchmark bond yield fell.
** The benchmark KOSPI .KS11 closed down 210.29 points, or 3.59%, at 5,648.79.
** Chipmaker Samsung Electronics 005930.KS fell 4.15%, while peer SK Hynix 000660.KS lost 5.03%.
** Among other index heavyweights, battery maker LG Energy Solution 373220.KS slid 5.06%, while Hyundai Motor 005380.KS fell 3.31% and sister automaker Kia Corp 000270.KS rose 0.94%. 
   ** Stocks on Wall Street edged lower, with the S&P 500 .SPX slipping 0.5% as tech sector earnings weighed on investor confidence, even as data showed US manufacturing activity picked up in October amid strong domestic demand.    
   ** Oil prices fell more than 7% on Monday as talks between Iran and Qatari mediators raised hopes of an end to the US-Israeli war with Iran and of stabilized Middle East crude supply.    
** Steelmaker POSCO Holdings 005490.KS shed 5.83%, while drugmaker Samsung BioLogics 207940.KS rose 2.11%.
** Of the total 911 traded issues, 221 shares advanced, while 658 declined.
** Foreigners were net sellers of shares worth 1,515.3 billion won ($1.13 billion).
** The won was quoted at 1,341.0 per dollar on the onshore settlement platform KRW=KFTC, 0.37% higher than its previous close at 1,346.0.
** The KOSPI has risen 34.04% so far this year.
** The won has strengthened 7.3% against the dollar so far this year.
** In money and debt markets, December futures on three-year treasury bonds KTBc1 gained 0.06 point to 103.45.
** The most liquid three-year Korean treasury bond yield KR3YT=RR fell by 0.6 basis points to 3.738%, while the benchmark 10-year yield KR10YT=RR fell by 3.5 basis points to 4.007%.


($1 = 1,339.0200 won)

 (Reporting by Cynthia Kim; Editing by Jochelle Mendonca)
 ((Cynthia.Kim@thomsonreuters.com; 822 3704 5655; Reuters Messaging: cynthia.kim.thomsonreuters.com@reuters.net))