South Korean stocks gain on US Fed comments
KOSPI rises, foreigners net buyers
Korean won strengthens against dollar
South Korea benchmark bond yield rises
SEOUL, April 4 (Reuters) -Round-up of South Korean financial markets:
** South Korean shares rose on Thursday after Federal Reserve Chair Jerome Powell reaffirmed U.S. interest rates were still on course to be cut this year, though the timing was data dependent.
** The benchmark KOSPI .KS11 rose 26.42 points, or 0.98%, to 2,733.39 by 02:22 GMT.
** Among index heavyweights, chipmaker Samsung Electronics 005930.KS rose 0.83% and peer SK Hynix 000660.KS gained 4.46%, while battery maker LG Energy Solution 373220.KS climbed 0.27%.
** U.S. Fed officials including Powell on Wednesday continued focusing on the need for more debate and data before interest rates are cut, a move financial markets expect to occur in June.
** Hyundai Motor 005380.KS added 3.24% and its affiliate Kia Corp 000270.KS gained 3.54%, while search engine Naver 035420.KS and instant messenger Kakao 035720.KS were up 1.03% and down 2.06%, respectively.
** Of the total 930 traded issues, 416 shares advanced, while 446 declined.
** Foreigners were net buyers of shares worth 166.9 billion won on the main board on Thursday.
** The won was quoted at 1,347.3 per dollar on the onshore settlement platform KRW=KFTC, 0.12% higher than its previous close at 1,348.9.
** In offshore trading, the won KRW= was quoted at 1,347.7 per dollar, down 0.2% on the day, while in non-deliverable forward trading its one-month contract KRW1MNDFOR= was quoted at 1,345.8.
** The KOSPI has risen 2.94% so far this year, and gained 1.9% in the previous 30 trading sessions.
** The won has lost 4.4% against the dollar so far this year.
** In money and debt markets, June futures on three-year treasury bonds KTBc1 fell 0.01 point to 104.72.
** The most liquid three-year Korean treasury bond yield fell by 0.6 basis point to 3.335%, while the benchmark 10-year yield rose by 0.4 basis point to 3.457%.
Reporting by Cynthia Kim; Editing by Shounak Dasgupta
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