South Korea shares end flat as Nvidia earnings fail to impress

Reuters11-21 15:01
South Korea shares end flat as Nvidia earnings fail to impress

KOSPI rises, foreigners net sellers

Korean won strengthens against dollar

South Korea benchmark bond yield falls

For the midday report, please click nL1N3MS01C

SEOUL, Nov 21 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares swung between mild gains and losses before ending flat on Thursday as Nvidia's strong but weaker-than-expected revenue forecast failed to lift sentiment. The won strengthened, while the benchmark bond yield fell.

** The benchmark KOSPI .KS11 closed at 2,480.63.

** Among index heavyweights, chipmaker Samsung Electronics 005930.KS rose nearly 2% and peer SK Hynix 000660.KS lost 1.06%, while battery maker LG Energy Solution 373220.KS was trading flat.

** Hyundai Motor 005380.KS shed 1.37% and sister automaker Kia Corp 000270.KS lost 0.51% while search engine Naver 035420.KS and instant messenger Kakao 035720.KS were down 1.76% and down 0.99%, respectively.

** South Korea's exports for the first 20 days of November rose 5.8% from a year earlier, customs agency data showed. ** Of the total 939 traded issues, 394 shares advanced, while 479 declined.

** Nvidia NVDA.O forecast its slowest revenue growth in seven quarters on Wednesday, failing to meet lofty expectations of some investors who have made it the world's most valuable firm.

** Foreigners were net sellers of shares worth 259.5 billion won on the main board on Thursday.

** The won was quoted at 1,397.5 per dollar on the onshore settlement platform KRW=KFTC, 0.24% higher than its previous close at 1,400.9.

In offshore trading, the won KRW= was quoted at 1,397.7 per dollar, flat on the day, while its one-month contract in non-deliverable forward trading was quoted at 1,395.8.

** The won has lost 7.8% against the dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds KTBc1 rose 0.15 point to 106.17.

** The most liquid three-year Korean treasury bond yield KR3YT=RR fell by 4.2 basis points to 2.831%, while the benchmark 10-year yield KR10YT=RR slipped 5.4 basis points to 2.974%.

(Reporting by Cynthia Kim; Editing by Sherry Jacob-Phillips)

((Cynthia.Kim@thomsonreuters.com; 822 3704 5655; Reuters Messaging: cynthia.kim.thomsonreuters.com@reuters.net))

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