South Korea shares reset record on strong export data, upbeat tech earnings

Published on 11/03/2025 at 02:15 am EST

• KOSPI rises, foreigners net sellers
• Korean won strengthens against dollar
• South Korea benchmark bond yield rises

(Reuters) - Round-up of South Korean financial markets:
** South Korean shares advanced and reset a record on Monday, as strong export data and upbeat earnings from tech firms including SK Hynix and Samsung Electronics lifted investor sentiment. The won strengthened, while the benchmark bond yield rose.
** The benchmark KOSPI closed up 114.37 points, or 2.78%, at 4,221.87, logging another record closing.
** Among index heavyweights, chipmaker Samsung Electronics rose 3.35% and peer SK Hynix gained 10.91%. Battery maker LG Energy Solution climbed 0.53%.
** South Korea's exports unexpectedly rose in October on robust demand for chips and ships, even as businesses remained cautious amid a global outlook clouded by U.S. tariff policies, data showed on Saturday.
** Samsung Electronics said on Friday it was in "close discussion" to supply its next-generation high-bandwidth memory (HBM) chips, or HBM4, to Nvidia, as the South Korean chipmaker scrambles to catch up with rivals in the AI chip race.
** Hyundai Motor and sister automaker Kia Corp were up 0.52% and down 1.83%, respectively. Steelmaker POSCO Holdings added 0.32%.
** Of the total 927 traded issues, 288 shares advanced, while 615 declined.
** Foreigners were net sellers of shares worth 794.9 billion won.
** The KOSPI has risen 75.95% so far this year.
** The won was quoted at 1,428.8 per dollar on the onshore settlement platform, 0.29% higher than its previous close at 1,433.0.
** The South Korean currency has strengthened 3.0% against the dollar so far this year.
** In money and debt markets, December futures on three-year treasury bonds lost 0.09 point to 106.35.
** The most liquid three-year Korean treasury bond yield rose by 2.2 basis points to 2.738% and the benchmark 10-year yield rose by 1.8 basis points to 3.076%.
(Reporting by Cynthia Kim; Editing by Janane Venkatraman)

Sumber : Reuters