XM does not provide services to residents of the United States of America.

South Korean shares climb for third session as battery makers lead



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>South Korean shares climb for third session as battery makers lead</title></head><body>

KOSPI rises, foreigners net sellers

Korean won strengthens against dollar

South Korea benchmark bond yield falls

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


** South Korean shares rose for a third straight session on Wednesday, with rechargeable battery makers leading the gains and offsetting weakness in the semiconductor and automobile sectors.

** The Korean won hit a near two-month high, while the benchmark bond yield was a tad lower.

** The benchmark KOSPI .KS11 was up 6.82 points, or 0.26%, at 2,622.23 as of 0159 GMT, after earlier rising as much as 0.55% to hit its highest intraday level since June 8, 2022.

** Battery maker LG Energy Solution 373220.KS rose 1.01%, its parent LG Chem 051910.KS jumped 3.04%, while peers Samsung SDI 006400.KS and SK Innovation 096770.KS climbed 2.51% and 2.90%, respectively.

** Among other index heavyweights, chipmakers and automakers fell, while online platform companies Naver 035420.KS and Kakao 035720.KS rose less than 1%, each.

** The market was broadly in a wait-and-see mood, with investor focus on China's trade data due for release on Wednesday and U.S. inflation data next week.

** "Trading volume is shallow with no strong bets, as there are both upside and downside factors adding to uncertainty of the global economic trend," said Choi Yoo-june, analyst at Shinhan Securities.

** Of the total 932 issues traded, 515 shares rose.

** Foreigners were net sellers of shares worth 62.6 billion won ($48.15 million).

** The won was quoted 0.74% higher at 1,298.5 per dollar on the onshore settlement platform KRW=KFTC, after gaining as much as 0.87% to hit its highest level since April 14 at 1,296.8.

** In money and debt markets, June futures on three-year treasury bonds KTBc1 was unchanged at 104.27.

** The most liquid three-year Korean treasury bond yield fell by 0.6 basis point to 3.496%, while the benchmark 10-year yield fell by 1.1 basis points to 3.550%.


($1 = 1,300.0500 won)



Reporting by Jihoon Lee; Editing by Rashmi Aich

</body></html>

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.

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