South Korean shares rise more than 2% as strong exports fuel dip buying

LG Energy Solution

02/11/2026 07:08

KOSPI rises, foreigners net sellers
Korean won weakens against dollar
South Korea benchmark bond yield rises
For the midday report, please click nL2N46J01R
SEOUL, Nov 2 (Reuters) - A round-up of South Korean financial markets:

** South Korean shares rose more than 2% on Monday, as strong exports fuelled dip-buying sentiment in the chip sector. 
** The benchmark KOSPI .KS11 closed up 128.34 points, or 2.24%, at 5,859.08.
** The index opened lower and fell nearly 2% during the session, tracking Wall Street's losses on worries about AI-related companies' massive spending on the nascent technology. .N
** "The semiconductor sector strengthened on dip-buying after recent sharp losses and robust exports," said Lee Kyoung-min, an analyst at Daishin Securities. 
** South Korea's exports nearly doubled in October, the sharpest jump in more than 50 years, as robust global demand for AI investment boosted shipments of the country's chips.
** South Korea's factory activity grew in October at the slowest pace in eight months on weaker output and demand, a survey showed.
** South Korean President Lee Jae Myung vowed to make bold investments in artificial intelligence to boost the country's economic growth potential, in an address to parliament seeking approval of next year's budget spending plans.    
** Chipmaker Samsung Electronics 005930.KS rose 1.78%, while peer SK Hynix 000660.KS gained 3.81%.
** Among other index heavyweights, battery maker LG Energy Solution 373220.KS slid 0.97%, while Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were up 1.77% and up 0.10%, respectively.
** Of the total 912 traded issues, 653 shares advanced, while 230 declined.
** Foreigners were net sellers of shares worth 374.3 billion won ($278.45 million).
** The won was quoted at 1,343.8 per dollar on the onshore settlement platform KRW=KFTC, 0.71% lower than its previous close at 1,334.3.
** The most liquid 3-year Korean treasury bond yield KR3YT=RR rose by 2.7 basis points to 3.740%, while the benchmark 10-year yield KR10YT=RR rose by 2.2 basis points to 4.030%.

($1 = 1,344.2400 won)

 (Reporting by Jihoon Lee; Editing by Jochelle Mendonca)
 ((jihoon.lee@thomsonreuters.com;))