South Korean shares rise as chipmakers rebound on dip buying

Samsung Electronics

14/10/2026 02:47

KOSPI rises, foreigners net sellers
Korean won strengthens against dollar
South Korea benchmark bond yield rises
SEOUL, Oct 14 (Reuters) - Round-up of South Korean financial markets:
     
** South Korean shares rose on Wednesday, led by a rebound in chipmakers on dip buying following five consecutive sessions of decline. 
** The benchmark KOSPI .KS11 was up 44.63 points, or 0.74%, at 6,079.78 as of 0127 GMT, after rising more than 2% earlier in the session. 
** On Tuesday, the index fell 5.5% to the lowest since July 30.    
** "On Wall Street, AI semiconductor stocks turned higher, and major demand firms remained robust, triggering dip-buying sentiment despite anxiety around related sectors," said Seo Sang-young, an analyst at Mirae Asset Securities. 
** "Recent drops in semiconductor stocks are somewhat excessive, if there is no big change to earnings outlook," Seo said.   
** Chipmaker Samsung Electronics 005930.KS rose 1.72%, while peer SK Hynix 000660.KS gained 1.04%. Earlier in the session, both chipmakers rose more than 3%. 
** Among other index heavyweights, battery maker LG Energy Solution 373220.KS climbed 2.07%, while Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were up 0.63% and up 1.20%, respectively.
** Steelmaker POSCO Holdings 005490.KS added 2.51%, while drugmaker Samsung BioLogics 207940.KS fell 1.66%.
** Of the total 912 traded issues, 534 shares advanced, while 327 declined.
** Foreigners were net sellers of shares worth 168.9 billion won ($126.05 million).
** The won was quoted at 1,340.9 per dollar on the onshore settlement platform KRW=KFTC, 0.04% higher than its previous close at 1,341.5.
** In money and debt markets, December futures on 3-year treasury bonds KTBc1 lost 0.06 point to 102.92.
** The most liquid 3-year Korean treasury bond yield KR3YT=RR rose by 2.9 basis points to 3.879%, while the benchmark 10-year yield KR10YT=RR rose by 0.3 basis points to 4.255%.
     
($1 = 1,339.9000 won)

(Reporting by Jihoon Lee; Editing by Rashmi Aich)
((jihoon.lee@thomsonreuters.com;))