South Korean shares recoup early losses as chipmakers rebound

SAMSUNG BIOLOGICS

15/09/2026 03:00

KOSPI rises, foreigners net sellers
Korean won weakens against dollar
South Korea benchmark bond yield rises
SEOUL, Sept 15 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares clawed back early losses on Tuesday, as bargain hunting in chip stocks followed a three-session slide that culminated in a more than 3% drop in the KOSPI a day earlier. 
** The KOSPI .KS11 was up 9.74 points, or 0.15%, at 6,694.11 as of 0132 GMT, after falling nearly 1% earlier in the session. 
** The benchmark index lost 3.26% in the previous session as chipmakers slumped, extending losses for a third consecutive session.  
** "The market is seen recovering sharp losses in the previous session, when it already priced in downward pressure from high U.S. bond yields and a slump in U.S. chip stocks," said Han Ji-young, an analyst at Kiwoom Securities. 
** Wall Street ended down on Monday, weighed down by losses in Nvidia and other chipmakers after top executives in U.S. artificial intelligence companies raised safety concerns and called for a slowdown in the development of AI. .N   
** South Korean chipmaker Samsung Electronics 005930.KS rose 0.70% on Tuesday and peer SK Hynix 000660.KS gained 1.27%.
** Among other index heavyweights, battery maker LG Energy Solution 373220.KS climbed 2.28%, while Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were up 0.40% and down 0.28%, respectively.
** Steelmaker POSCO Holdings 005490.KS added 2.07%, while drugmaker Samsung BioLogics 207940.KS fell 0.35%.
** Of the total 911 traded issues, 348 shares advanced, while 506 declined.
** Foreigners were net sellers of shares worth 544.1 billion won ($403.46 million).
** The won was quoted at 1,348.9 per dollar on the onshore settlement platform KRW=KFTC, 0.20% lower than its previous close at 1,346.2.
** In money and debt markets, September futures on three-year treasury bonds KTBc1 lost 0.05 point to 102.63.
** The most liquid three-year Korean treasury bond yield KR3YT=RR rose 3.0 basis points to 4.045%, while the benchmark 10-year yield KR10YT=RR rose 1.9 basis points to 4.551%.

($1 = 1,348.6000 won)

 (Reporting by Jihoon Lee; Editing by Sherry Jacob-Phillips)
 ((jihoon.lee@thomsonreuters.com;))