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South Korean shares gain over 1% as heavyweight chipmakers jump
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South Korean shares gain over 1% as heavyweight chipmakers jump
Mar 25, 2024 8:03 PM

*

KOSPI rises, foreigners net buyers

*

Korean won strengthens against dollar

*

South Korea benchmark bond yield rises slightly

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

financial markets:

** South Korean shares rose on Tuesday, as chipmakers

tracked sharp overnight gains in Micron Technology ( MU ). The

won strengthened, while the benchmark bond yield rose slightly.

** The benchmark KOSPI rose 33.40 points, or 1.22%,

to 2,770.97 by 0227 GMT.

** Among index heavyweights, chipmaker Samsung Electronics ( SSNLF )

rose 2.05% and peer SK Hynix gained

5.14%, after Micron Technology's ( MU ) overnight 6.3% jump.

** Shares of automakers and banks, considered the biggest

gainers from the government's corporate reform push, also rose.

** Hyundai Motor ( HYMTF ) added 1.67% and sister

automaker Kia Corp ( KIMTF ) gained 3.14%, while the

Finance-major Index was up 0.66%.

** Of the total 932 traded issues, 487 shares advanced,

while 361 declined.

** Foreigners were net buyers of shares worth 425.8 billion

won ($318.3 million) on the main board.

** The won was quoted at 1,337.8 per dollar on the onshore

settlement platform, 0.32% above its previous close

at 1,342.1.

** In money and debt markets, June futures on three-year

treasury bonds was little changed at 104.88.

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

edged up 0.2 basis points to 3.291%, while the benchmark 10-year

yield rose by 0.9 bps to 3.378%.

($1 = 1,337.6000 won)

(Reporting by Jihoon Lee; Editing by Varun H K)

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