South Korea shares drop, weighed down by disappointing US data

Nov 4, 2025, 13:48 GMT+7
Key points:

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

Reuters - Round-up of South Korean financial markets:
** South Korean shares fell on Tuesday, weighed by weak sentiment from the U.S. - the country's second-largest trading partner and key supplier base - following disappointing economic data and mixed cues from the Federal Reserve on its policy path. The won weakened, while the benchmark bond yield rose.
** The benchmark KOSPIclosed down 100.13 points, or 2.37%, at 4,121.74. ** Among index heavyweights, chipmaker Samsung Electronicsfell 5.58%, while peer SK Hynixlost 5.48%. Battery maker LG Energy Solutionslid 0.53%.
** Hyundai Motorand sister automaker Kia Corpwere down 5.32% and down 2.80%, respectively. Steelmaker POSCO Holdingsadded 0.32%.
** U.S. manufacturing contracted for an eighth straight month in October as new orders remained subdued, and suppliers were taking longer to deliver materials to factories against the backdrop of tariffs on imported goods.
** Meanwhile, Fed officials continued pressing competing views of where the economy stands and the risks facing it, a debate set to intensify before the next policy meeting and in the absence of data due to a federal government shutdown.
** South Korea's President Lee Jae Myung said the economy has turned a corner, as risks related to geopolitics and corporate governance continue to ease, propelling the Kospi beyond the 4,000-mark.
** Foreigners were net sellers of shares worth 2,214.9 billion won, the largest selling since Aug. 13, 2021 ** The won was quoted at 1,437.9 per dollar on the onshore settlement platform, 0.46% lower than its previous close at 1,431.3.
** In offshore trading, the wonwas quoted at 1,438.1 per dollar, down 0.6% on the day, while in non-deliverable forward trading its one-month contract (KRW1MNDFOR=) was quoted at 1,436.0.
** The KOSPI has risen 71.78% so far this year.
** In money and debt markets, December futures on three-year treasury bondsgained 0.02 point to 106.35.

Sumber : Reuters