South Korean shares rebound as chipmaker track US peers

Samsung Electronics

Yesterday 07:06

KOSPI rises, foreigners net buyers
Korean won strengthens against dollar
South Korea benchmark bond yield falls
For the midday report, please click nL2N46R01J
SEOUL, Nov 10 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares rebounded sharply from nine-month lows on Tuesday, as chipmakers tracked overnight gains in US tech stocks 
** The benchmark KOSPI .KS11 closed up 220.28 points, or 4.39%, at 5,239.13. On Monday, it closed at the lowest level since February 2 
** US stocks rallied on Monday, as a drop in oil prices tempered inflation fears and tech shares jumped even as AI heavyweight Nvidia NVDA.O slumped with controversy swirling around CEO Jensen Huang .N
** "The domestic market tracked sharp gains in US chip stocks on dip buying, while lower oil prices also supported market sentiment," said Seo Sang-young, an analyst at Mirae Asset Securities 
** Chipmaker Samsung Electronics 005930.KS rose 4.74%, while peer SK Hynix 000660.KS gained 6.69%
** Among other index heavyweights, battery maker LG Energy Solution 373220.KS climbed 3.93%, while Hyundai Motor 005380.KS was up 1.29% and sister automaker Kia Corp 000270.KS was down 0.93%
** Steelmaker POSCO Holdings 005490.KS added 4.63%, while drugmaker Samsung Biologics 207940.KS fell 2.78%.
** Of the total 911 traded issues, 716 shares advanced, while 175 declined.
** Foreigners were net buyers of shares worth 390.7 billion won ($291.09 million)
** The won was quoted at 1,337.5 per dollar on the onshore settlement platform KRW=KFTC, 0.19% higher than its previous close at 1,340.0
** In money and debt markets, December futures on 3-year treasury bonds KTBc1 gained 0.01 point to 103.82
** The most liquid 3-year Korean treasury bond yield KR3YT=RR rose by 0.2 basis points to 3.636%, while the benchmark 10-year yield KR10YT=RR fell by 0.7 basis points to 3.851%

($1 = 1,342.2000 won)

 (Reporting by Jihoon Lee; Editing by Jochelle Mendonca)
 ((jihoon.lee@thomsonreuters.com;))