South Korean shares little changed ahead of earnings, Fed outcome

LG Energy Solution

29/04/2026 04:24

KOSPI little changed, foreigners net sellers

Korean won weakens against dollar

South Korea benchmark bond yield rises

SEOUL, April 29 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares were little changed on Wednesday, as investors took a wait-and-see stance ahead of major corporate earnings and the U.S. Federal Reserve's policy meeting outcome.

** The benchmark KOSPI .KS11 was up 6 points, or 0.09%, at 6,647.02, as of 0309 GMT.

** Fed is expected to keep interest rates steady on Wednesday, with energy prices still elevated and the Iran war at a standstill and likely to prolong uncertainty about the economic and monetary policy outlook. It will also be Jerome Powell's last meeting as head of the U.S. central bank.

** Chipmaker Samsung Electronics 005930.KS fell 0.34%, ahead of its first-quarter earnings release later this week. Peer SK Hynix 000660.KS was flat.

** Among other index heavyweights, battery maker LG Energy Solution 373220.KS slid 0.64%, while Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were down 0.72% and up 0.26%, respectively.

** Steelmaker POSCO Holdings 005490.KS added 0.96%, while drugmaker Samsung BioLogics 207940.KS fell 2.13%.

** Of the total 888 traded issues, 401 shares advanced, while 450 declined.

** Foreigners were net sellers of shares worth 785.9 billion won ($532.42 million).

** The won was quoted at 1,476.7 per dollar on the onshore settlement platform KRW=KFTC, 0.24% lower than its previous close at 1,473.2.

** In money and debt markets, June futures on three-year treasury bonds KTBc1 lost 0.06 point to 103.68.

** The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 2.6 basis points to 3.552%, while the benchmark 10-year yield KR10YT=RR rose by 1.6 bps to 3.875%.

($1 = 1,476.1000 won)

(Reporting by Jihoon Lee; Editing by Harikrishnan Nair)

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