S.Korean shares post best day in three weeks as chipmakers rally



*

KOSPI rebounds from over two-year low

*

Korean won strengthens against dollar

*

South Korea benchmark bond yield drops

*

For the midday report, please click

SEOUL, Oct 4 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares rose more than 2% on Tuesday, tracking an improved risk appetite in global markets, with heavyweight chipmakers rallying on the prospect that potential production cuts will help offset weak demand.

** The won strengthened, while the benchmark bond yield fell.

** The benchmark KOSPI .KS11 ended up 53.89 points or 2.50% at 2,209.38, marking its biggest intraday gain since Sept. 13. In the previous session, the index closed at its lowest level since July 2020.

** "The local market belatedly, and in one day, tracked Asian peer's rebounding trend," said Seo Jung-hun, an analyst at Samsung Securities. The market was closed on Monday for a public holiday.

** Technology giant Samsung Electronics 005930.KS and peer SK Hynix 000660.KS rose 3.95% and 3.73%, respectively, leading the gains in the index. Battery maker LG Energy Solution 373220.KS gained 4.22%.

** Investor sentiment around the chip industry improved following decisions to cut investment and production by Micron Technology in the United States and Japan's Kioxia.

** Refiner SK Innovation 096770.KS jumped 7.32%, tracking gains in oil prices on expectations of OPEC+ supply cuts.

** Naver 035420.KS saw its worst day since July 2015 with an 8.79% slump, after the technology firm agreed to a $1.6 billion deal to buy a U.S. second-hand fashion platform, as a strategic investment to enter the U.S. e-commerce market. Peer Kakao 035720.KS lost 2.1%.

** Foreigners were net buyers of shares worth 218.0 billion won ($152.93 million) on the main board, extending their buying streak to a third straight session.

** The won was last quoted at 1,426.5 per dollar on the onshore settlement platform KRW=KFTC , 0.26% higher than its previous close. In offshore trading, the won KRW= was quoted up 0.5% at 1,426.2.

** In money and debt markets, December futures on three-year treasury bonds KTBc1 rose 0.46 points to 102.34.

** The most liquid 3-year Korean treasury bond yield dropped 15.1 basis points to 4.063%, while the benchmark 10-year yield fell by 10.6 basis points to 4.003%.

($1 = 1,425.4800 won)
Reporting by Jihoon Lee

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明