South Korean shares rebound from three-month low

SAMSUNG BIOLOGICS

29/07/2026 02:15

KOSPI rises, foreigners net buyers
Korean won weakens against dollar
South Korea benchmark bond yield falls
SEOUL, July 29 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares rose on Wednesday, after falling more than 10% in the previous session, on dip buying as investors focussed on earnings of domestic chipmakers and major U.S. technology firms. 
** The benchmark KOSPI .KS11 was up 89.95 points, or 1.49%, at 6,113.61 as of 0052 GMT, after rising as much as 3.4% earlier in the session. 
** On Tuesday, the index fell 10.8% to post the biggest daily loss since March 4 and the lowest close since April 14. 
** "The KOSPI is seen rebounding on dip buying, hopes around the U.S.-Iran negotiations and easing worries about the Federal Reserve's policy meeting," said Han Ji-young, an analyst at Kiwoom Securities. 
** The KOSPI is in "over-sold" territory of record levels, with valuations also at record lows, Han said. 
** Chipmaker SK Hynix 000660.KS was up 0.26%, erasing early gains of more than 4%. Before the session opened, it reported bumper quarterly results but fell short of lofty investor expectations fuelled by the AI boom.
** Peer chipmaker Samsung Electronics 005930.KS rose 4.09%. 
** Of the total 912 traded issues, 532 shares advanced, while 343 declined.
** Foreigners were net buyers of shares worth 264.5 billion won ($181.8 million).
** The won was quoted at 1,456.2 per dollar on the onshore settlement platform KRW=KFTC, 0.14% lower than its previous close at 1,454.1.
** In money and debt markets, September futures on 3-year treasury bonds KTBc1 lost 0.03 point to 102.97.
** The most liquid 3-year Korean treasury bond yield KR3YT=RR rose by 0.6 basis points to 3.837%, while the benchmark 10-year yield KR10YT=RR fell by 0.2 basis points to 4.294%.

($1 = 1,454.9000 won)

 (Reporting by Jihoon Lee; Editing by Mrigank Dhaniwala)
 ((jihoon.lee@thomsonreuters.com;))