S.Korean shares rebound from 20-month low, chipmakers jump

* KOSPI rebounds from 20-month low

* Korean won flat against U.S. dollar

* South Korea benchmark bond yield edges up

SEOUL, July 7 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares rose more than 1% on Thursday, rebounding from a 20-month low hit in the previous session, as heavyweight chipmakers jumped after earnings results. The Korean won was little changed, while the benchmark bond yield edged up.

** The benchmark KOSPI .KS11 was up 26.95 points, or 1.18%, at 2,318.96 as of 0103 GMT, after rising as much as 1.52% in early trade. The index had closed in the previous session at the lowest since late-October 2020.

** Samsung Electronics 005930.KS rose more than 3% after the technology giant turned in its best April-June profit since 2018 as lingering demand for its memory chips from server customers offset lower sales to inflation-hit smartphone makers.

** Though weaker than the previous quarter, the chipmaker's earnings turned out to be better than concerned, leading the gains on the KOSPI, said Choi Yoo-june, analyst at Shinhan Financial Investment.

** Most other heavyweights gained, with peer chipmaker SK Hynix 000660.KS also gaining more than 3%, though battery maker LG Energy Solution 373220.KS inched down 0.13%.

** COVID-19 vaccine maker SK Bioscience 302440.KS jumped more than 15% to the highest since late April amid signs of the country's daily infections rebounding.

** Foreigners were net buyers of 76.6 billion won ($58.65 million) worth of shares on the main board.

** The won was quoted at 1,304.5 per dollar on the onshore settlement platform KRW=KFTC , 0.14% higher than its previous close.

** In offshore trading, the won KRW= was quoted flat at 1,305.3 per dollar, while in non-deliverable forward trading its one-month contract KRW1MNDFOR= was quoted at 1,304.8.

** In money and debt markets, September futures on three-year treasury bonds KTBc1 fell 0.07 point to 104.51.

** The most liquid 3-year Korean treasury bond yield rose by 4.6 basis points to 3.269%, while the benchmark 10-year yield rose by 1.9 basis points to 3.301%. ($1 = 1,305.9900 won)
Reporting by Jihoon Lee

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.