* KOSPI rises, foreigners net sellers
* Korean won weakens against dollar
* South Korea benchmark bond yield falls
* For the midday report, please click
SEOUL, March 17 (Reuters) - Round-up of South Korean
financial markets:
** South Korean shares rose more than 1% to close at a two-week
high on Tuesday, as Samsung Electronics ( SSNLF ) and Hyundai Motor ( HYMLF ) jumped
on optimism around cooperation with U.S. artificial intelligence
chipmaker Nvidia ( NVDA ).
** The benchmark KOSPI was up 90.63 points, or 1.63%, at
5,640.48, its highest closing level since March 3. During the
session, it rose as much as 3.01%.
** Samsung Electronics ( SSNLF ) rose 2.76%, after Nvidia ( NVDA )
CEO Jensen Huang said the South Korean chipmaker was
producing the company's new AI chips. Rival SK Hynix
fell 0.41%.
** Hyundai Motor ( HYMLF ) and sister automaker Kia Corp ( KIMTF )
gained 3.16% and 3.27%, respectively, after they
announced their strategic partnership with Nvidia ( NVDA ) would be
expanded for next-generation autonomous driving technologies.
** The announcements coincided with Nvidia's ( NVDA ) developer
conference in California this week.
** Among other index heavyweights, battery maker LG Energy
Solution climbed 3.96%, while Steelmaker POSCO
Holdings added 2.70%. Drugmaker Samsung BioLogics
rose 1.21%.
** Of the total 925 traded issues, 631 shares advanced,
while 259 declined.
** Foreigners were net sellers of shares worth 177.5 billion
won ($118.92 million).
** The won was quoted at 1,493.6 per dollar on the onshore
settlement platform, 0.11% lower than its previous
close at 1,491.9.
** Bank of Korea board member Lee Soo-hyung offered a rare
assessment of the exchange rate level, saying that it was too
early to tell if the current dollar-won level of around 1,500
was misaligned with economic fundamentals.
** The most liquid three-year Korean treasury bond yield
rose by 1.2 basis points to 3.321%, while the
benchmark 10-year yield fell by 2.3 bps to 3.688%.
($1 = 1,492.6000 won)