South Korea shares rebound, tracking Wall Street

SEOUL: Round-up of South Korean financial markets:

• South Korean shares rose on Thursday after a major setback a day earlier, tracking a rebound on Wall Street, where dip buyers returned to buy technology shares. The won weakened, while the benchmark bond yield rose.

• The benchmark KOSPI was up 20.42 points, or 0.51%, at 4,024.84 as of 0202 GMT.

• Among index heavyweights, chipmaker Samsung Electronics fell 0.80%, while peer SK Hynix gained 2.94%. Battery maker LG Energy Solution climbed 2.69%.

• Hyundai Motor and sister automaker Kia Corp were down 0.47% and up 0.09%, respectively. Steelmaker POSCO Holdings shed 0.65%.

• Of the total 928 traded issues, 446 shares advanced, while 431 declined.

• US stock indexes gained on Wednesday as technology-related shares rebounded and as US private payrolls data was stronger than expected, while Treasury yields gained.

• Data on Wednesday showed the US services sector activity increased to an eight-month high in October as new orders grew solidly, while private payrolls rose 42,000 last month, exceeding expectations.

• Foreigners were net sellers of shares worth 731.6 billion won.

• The won was quoted at 1,445.3 per dollar on the onshore settlement platform, 0.24% lower than its previous close at 1,441.8.

• In offshore trading, the won was quoted at 1,445.1 per dollar, down 0.3% on the day, while in non-deliverable forward trading its one-month contract was quoted at 1,442.9.

• The KOSPI has risen 67.74% so far this year.

• The won has strengthened 1.9% against the dollar so far this year.

• In money and debt markets, December futures on three-year treasury bonds lost 0.07 point to 106.17.

• The most liquid three-year Korean treasury bond yield rose by 2.5 basis points to 2.793%, while the benchmark 10-year yield rose by 4.6 basis points to 3.160%.