South Korea shares drop on oil, bond rout concerns

SAMSUNG BIOLOGICS

11/09/2026 04:45

KOSPI falls, foreigners net sellers
Korean won strengthens against dollar
South Korea benchmark bond yield rises
SEOUL, Sept 11 (Reuters) - Round-up of South Korean financial markets:   
     
** South Korean shares fell on Friday amid a sell-off in U.S. treasuries while the inflation data there reinforced bets on an imminent Federal Reserve interest rate hike. The won strengthened, while the benchmark bond yield rose.  
** The benchmark KOSPI .KS11 was down 189.90 points, or 2.78%, at 6,844.02 as of 03:25 GMT.   
** Chipmaker Samsung Electronics 005930.KS fell 4.46%, while peer SK Hynix 000660.KS lost 4.21%.  
** Among other index heavyweights, battery maker LG Energy Solution 373220.KS slid 3.42%, while Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were down 2.70% and down 1.02%, respectively.
** Oil prices jumped more than 6% on Thursday, with both major benchmarks trading above $100 a barrel, as the biggest spike in attacks on shipping since the Iran war began fed worries among traders about further disruptions to already tight supplies.
** The South Korean government is preparing to announce a major energy investment project in the United States worth more than $100 billion aimed at boosting artificial intelligence build-out, the Wall Street Journal reported on Thursday. 
** Steelmaker POSCO Holdings 005490.KS shed 2.06%, while drugmaker Samsung BioLogics 207940.KS fell 1.41%. 
** Of the total 912 traded issues, 342 shares advanced, while 508 declined. 
** Foreigners were net sellers of shares worth 1,661.1 billion won ($1.23 billion). 
** The won was quoted at 1,345.4 per dollar on the onshore settlement platform KRW=KFTC, 0.30% higher than its previous close at 1,349.5. 
** The KOSPI has risen 62.40% so far this year. 
** The won has strengthened 7.0% against the dollar so far this year. 
** In money and debt markets, September futures on three-year treasury bonds KTBc1 lost 0.30 point to 102.65. 
** The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 9.3 basis points to 4.025%, while the benchmark 10-year yield KR10YT=RR rose by 9.9 bps to 4.554%.
($1 = 1,346.3000 won)

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