South Korean shares fall more than 2% as chipmakers drop
South Korean shares fall more than 2% as chipmakers drop SEOUL, Sept 28 (Reuters) - Round-up of South Korean financial markets:
** South Korean shares fell more than 2% on Monday as chipmakers dropped amid worries about high bond yields, in catch-up trading following a holiday break.
** The benchmark KOSPI .KS11 was down 150.83 points, or 2.13%, at 6,930.09 as of 0122 GMT, after a four-session gaining streak to a two-month high.
** South Korean financial markets were closed on Thursday and Friday for Chuseok holidays.
** Investors' focus is on South Korea's export data and Micron Technology's MU.O earnings due later this week for clues on an AI-driven chip boom, analysts say.
** Wall Street ended higher on Friday, lifted by Microsoft and other AI-related technology stocks, while high oil prices and a recent surge in US Treasury yields kept investors on edge. .N
** The Bank of Korea said on Monday the central bank would closely monitor financial and foreign exchange markets.
** Chipmaker Samsung Electronics 005930.KS fell 3.94%, while peer SK Hynix 000660.KS lost 4.67%.
** Among other index heavyweights, battery maker LG Energy Solution 373220.KS climbed 3.20%, while Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were up 0.42% and up 0.78%, respectively.
** Steelmaker POSCO Holdings 005490.KS added 1.28%, while drugmaker Samsung BioLogics 207940.KS rose 1.39%.
** Of the total 912 traded issues, 630 shares advanced, while 245 declined.
** Foreigners were net sellers of shares worth 811.3 billion won ($597.09 million).
** The won was unchanged at 1,357.0 per dollar on the onshore settlement platform KRW=KFTC.
** In money and debt markets, December futures on three-year treasury bonds KTBc1 lost 0.37 point to 102.05.
** The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 11.6 basis points to 4.114%, while the benchmark 10-year yield KR10YT=RR rose by 13 basis points to 4.539%.
($1 = 1,358.7600 won)
(Reporting by Jihoon Lee; Editing by Mrigank Dhaniwala)
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