South Korea shares drop on oil, bond rout concerns

SAMSUNG BIOLOGICS

11/09/2026 08:07

KOSPI falls, foreigners net sellers
Korean won strengthens against dollar
South Korea benchmark bond yield rises
For the midday report, please click nL1N45303U
SEOUL, Sept 11 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares closed down 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 closed down 124.01 points, or 1.76%, at 6,909.91. ** Chipmaker Samsung Electronics 005930.KS fell 3.53%, while peer SK Hynix 000660.KS lost 2.21%. ** Among other index heavyweights, battery maker LG Energy Solution 373220.KS slid 1.37%, while Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were down 1.67% and down 0.31%, 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 1.47%, while drugmaker Samsung Biologics 207940.KS fell 0.56%. ** Of the total 915 traded issues, 369 shares advanced, while 475 declined. ** Foreigners were net sellers of shares worth 2,291.5 billion won. ** The won was quoted at 1,345.9 per dollar on the onshore settlement platform KRW=KFTC, 0.27% higher than its previous close at 1,349.5. ** The KOSPI has risen 63.97% 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 0.27 point to 102.68. ** The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 7.9 basis points to 4.011%, while the benchmark 10-year yield KR10YT=RR rose by 11.6 basis points to 4.571%.

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