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S.Korean shares end higher as chipmaker SK Hynix jumps on Nvidia boost
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S.Korean shares end higher as chipmaker SK Hynix jumps on Nvidia boost
Jun 26, 2024 12:22 AM

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KOSPI rises, foreigners net buyers

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Korean won weakens slightly against dollar

*

South Korea benchmark bond yield steady

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For the midday report, please click

SEOUL, June 26 (Reuters) - Round-up of South Korean

financial markets:

** South Korean shares rose on Wednesday as chipmaker SK

Hynix ( HXSCF ) tracked its major customer Nvidia's ( NVDA ) rebound.

** The won and the benchmark bond yield were little changed.

** The benchmark KOSPI closed up 17.66 points, or

0.64%, at 2,792.05.

** "Semiconductor stocks rose as Wall Street's Nvidia ( NVDA )-led

strength continued, also supported by investor hopes for upbeat

earnings by another chipmaker Micron Technology," said Park

Kwang-nam, an analyst at Mirae Asset Securities.

** SK Hynix ( HXSCF ) rose 5.33%, its biggest climb since

June 7, after Nvidia's ( NVDA ) jump of 6.8% that led gains in

tech stocks on Wall Street overnight. Rival Samsung Electronics ( SSNLF )

rose 0.62%.

** Search engine Naver and instant messenger

Kakao jumped 1.20% and 1.46%, respectively.

Automakers also rose, but biopharmaceutical manufacturers fell.

** South Korea's exports are expected to recover towards

record-high levels in the first half of this year, the finance

minister said.

** South Korea's central bank said there was a possibility

of downward pressure mounting again on the won, as it vowed to

step up monitoring of risk factors and stabilise markets.

** Of the total 932 traded issues, 355 shares advanced,

while 515 declined.

** Foreigners were net buyers of shares worth 502.6 billion

won ($361.74 million) on the main board.

** The won ended onshore trade at 1,388.7 per

dollar, 0.09% lower than its previous close at 1,387.5.

** In money and debt markets, September futures on

three-year treasury bonds fell 0.05 point to 105.11.

** The most liquid three-year Korean treasury bond yield

rose by 1.6 basis points to 3.217%, while the benchmark 10-year

yield was up by 0.9 basis point at 3.280%.

($1 = 1,389.3900 won)

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