South Korea shares to log second weekly decline
South Korea shares to log second weekly decline SEOUL, Aug 28 (Reuters) - Round-up of South Korean financial markets:
** South Korean shares fell on Friday and were set to log a second weekly decline as the hype about the artificial intelligence trade following Nvidia Corp.'s outlook waned while investors stayed cautious ahead of the Federal Reserve's Jackson Hole event. The won strengthened, while the benchmark bond yield rose.
** The benchmark KOSPI .KS11 was down 74.15 points, or 1.07%, at 6,838.22 as of 02:09 GMT. For the week, the index is down 1%.
** Nvidia's second-quarter revenue more than doubled to $96.22 billion, beating estimates of $92.17 billion.
** Federal Reserve officials shared on Thursday their ongoing concerns about the U.S. inflation landscape, as central bankers gathered in Jackson Hole, Wyoming, for the Kansas City Fed's closely watched annual economic symposium.
** Among index heavyweights, chipmaker Samsung Electronics 005930.KS fell 2.26%, while peer SK Hynix 000660.KS lost 1.45%. Battery maker LG Energy Solution 373220.KS slid 0.81%.
** Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were up 0.25% and up 0.63%, respectively. Steelmaker POSCO Holdings 005490.KS shed 1.62%, while drugmaker Samsung BioLogics 207940.KS fell 4.74%.
** Of the total 909 traded issues, 382 shares advanced, while 479 declined.
** Foreigners were net sellers of shares worth 519.9 billion won ($377.22 million).
** The won was quoted at 1,377.4 per dollar on the onshore settlement platform KRW=KFTC, 0.30% higher than its previous close at 1,381.5.
** The KOSPI has risen 62.27% so far this year.
** The won has strengthened 4.5% against the dollar so far this year.
** In money and debt markets, September futures on three-year treasury bonds KTBc1 lost 0.13 point to 103.38.
** The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 3.3 basis points to 3.787%, while the benchmark 10-year yield KR10YT=RR rose by 4.6 basis points to 4.298%.
($1 = 1,378.2300 won)
(Reporting by Cynthia Kim; Editing by Rashmi Aich)
((Cynthia.Kim@thomsonreuters.com; 822 3704 5655; Reuters Messaging: cynthia.kim.thomsonreuters.com@reuters.net/))
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