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KOSPI rises, foreigners net buyers
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Korean won strengthens against dollar
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South Korea benchmark bond yield rises
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For the midday report, please click
SEOUL, March 26 (Reuters) - Round-up of South Korean
financial markets:
** South Korean shares rose on Tuesday to their highest in
nearly two years as heavyweight chipmakers rallied, tracking an
overnight jump in U.S. peer Micron Technology ( MU ). The won
strengthened, while the benchmark bond yield rose.
** The benchmark KOSPI ended up 19.52 points, or
0.71%, at 2,757.09, its highest closing level since April 5,
2022.
** Chipmaker Samsung Electronics rose 2.17% and
peer SK Hynix gained 4.25%, after Micron
Technology's ( MU ) overnight 6.3% jump.
** "Local semiconductor stocks rose after Micron hit a new
high and were also boosted by foreign buying," said Cho Jun-kee,
an analyst at SK Securities.
** South Korean consumer spending will benefit from interest
rate cuts when the central bank makes them, a member of its
board said on Tuesday, adding that domestic demand has become
more sensitive to interest rates than before.
** South Korea's consumer sentiment dropped sharply in March
on growing worries about higher produce prices, a central bank
survey showed on Tuesday, as inflation hitting the dinner table
emerges as a major policy issue at next month's elections.
** Of the total 933 traded issues, 456 shares advanced,
while 405 declined.
** Foreigners were net buyers of shares worth 622.2 billion
won ($464.20 million) on the main board.
** The won ended onshore trade at 1,339.5 per
dollar, 0.19% higher than its previous close at 1,342.1.
** In money and debt markets, June futures on three-year
treasury bonds fell 0.05 point to 104.82.
** The most liquid three-year Korean treasury bond yield
rose by 1.2 basis points to 3.301%, while the benchmark 10-year
yield rose by 2.5 basis points to 3.394%.
($1 = 1,340.3600 won)