South Korean shares trim gains as worries grow over weak won

Published on 11/11/2025 at 02:16 am EST

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

(Reuters) - Round-up of South Korean financial markets:
** South Korean shares ended higher on Tuesday on a chipmaker rally driven by artificial intelligence optimism, even as growing worries over a weak won capped gains.
** The benchmark KOSPI closed up 33.15 points, or 0.81%, at 4,106.39, after rising as much as 2.8% during the session.
** "The yen and the yuan also weakened as the dollar strengthened on hopes of an end to the U.S. government shutdown, but anxiety and downward pressure were even higher for the won," said Lee Kyoung-min, an analyst at Daishin Securities.
** "Investor anxiety was also fuelled by a delay in the announcement of a U.S. trade deal fact sheet," Lee said.
** Two weeks after U.S. President Donald Trump and South Korea's Lee Jae Myung met and announced they had resolved months of negotiations over tariffs and security issues, the two sides have yet to release any agreement on paper.
** The won was quoted 0.44% lower at 1,463.3 per dollar on the onshore settlement platform, after hitting its weakest level since early April at 1,467.5.
** Still, chipmakers led gains on the benchmark index. Samsung Electronics rose 2.88%, while peer SK Hynix gained 2.15%.
** The rally came after Wall Street ended sharply higher on Monday, when AI chipmaker Nvidia rose 5.8% and AI data analytics firm Palantir jumped 8.8%.
** South Korea's exports for the first 10 days of this month rose 6.4% from a year earlier, led by a 17.7% jump in semiconductor shipments, data showed.
** Foreigners were net buyers of shares worth 78.3 billion won ($55.08 million).
** The most-liquid three-year Korean treasury bond yield fell by 4.8 basis points to 2.835%, while the benchmark 10-year yield rose by 2.3 bps to 3.201%. ($1 = 1,421.4800 won)
(Reporting by Jihoon Lee and Youn Ah Moon; Editing by Harikrishnan Nair)

Sumber : Reuters