South Korean shares end over 3% higher on US rally, strong GDP

SK hynix

Today 06:59

KOSPI rises, foreigners net buyers
Korean won strengthens against dollar
South Korea benchmark bond yield falls
For the midday report, please click nL2N46D01L
SEOUL, Oct 27 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares closed more than 3% higher on Tuesday, as chipmakers jumped on a rally in US AI stocks and robust domestic GDP data. 
** The benchmark KOSPI .KS11 closed up 168.87 points, or 3.09%, at 5,638.34, after rising as much as 4.9% during the session.     
** US stocks closed higher on Monday, with the Philadelphia Semiconductor Index .SOX rising more than 2%, as Anthropic's IPO filing helped boost sentiment in AI-related stocks. .N
** South Korea's economy grew faster than expected in the third quarter as a global AI chip boom boosted exports and investments, advance central bank estimates showed.
** "Korea's GDP data came in higher than expected. Markets will resolve their worries (about the sustainability of AI investment) by checking actual figures as exports and corporate earnings continue to come in as a surprise," said Seo Sang-young, an analyst at Samsung Securities. 
** Chipmaker Samsung Electronics 005930.KS rose 4.23%, while peer SK Hynix 000660.KS gained 5.18%.
** Among other index heavyweights, battery maker LG Energy Solution 373220.KS climbed 2.00%, while Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were up 0.87% and 1.33%, respectively.
** Steelmaker POSCO Holdings 005490.KS added 2.41%, while drugmaker Samsung BioLogics 207940.KS fell 5.37%.
** Of the total 915 traded issues, 595 shares advanced, while 275 declined.
** Foreigners were net buyers of shares worth 593.0 billion won ($447.33 million).
** The won was quoted at 1,323.7 per dollar on the onshore settlement platform KRW=KFTC, 0.17% higher than its previous close at 1,326.0.
** In money and debt markets, December futures on three-year treasury bonds KTBc1 gained 0.11 point to 103.36.
** The most liquid three-year Korean treasury bond yield KR3YT=RR fell by 3.2 basis points to 3.756%, while the benchmark 10-year yield KR10YT=RR fell by 4.0 basis points to 4.035%.

($1 = 1,325.6500 won)

 (Reporting by Jihoon Lee; Editing by Sonia Cheema)
 ((jihoon.lee@thomsonreuters.com;))