South Korean shares hit record high as chipmakers jump

Reuters01-12
South Korean shares hit record high as chipmakers jump

KOSPI rises, foreigners net sellers

Korean won weakens against dollar

South Korea benchmark bond yield falls

SEOUL, Jan 12 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares rose more than 1% to a record high on Monday, as chipmakers tracked Friday's rally in U.S. peers, with auto and battery makers also advancing.

** The benchmark KOSPI .KS11 added 56.14 points, or 1.22%, to 4,642.46, its highest on record, as of 0144 GMT.

** The KOSPI is set to extend gains to a seventh consecutive session - the longest winning streak since mid September.

** The S&P 500 rallied to a record close on Friday, lifted by Broadcom and other chipmakers, while a weaker-than-expected U.S. jobs report did little to alter bets for Federal Reserve interest rate cuts this year. .N

** South Korea's exports fell 2.3% year-on-year in the first 10 days of this month, data showed. However, semiconductor exports jumped 45.6%.

** Among index heavyweights, chipmaker Samsung Electronics 005930.KS rose 1.01%, while peer SK Hynix 000660.KS gained 2.02%.

** Hyundai Motor 005380.KS climbed 3.01% to a record high, while sister automaker Kia 000270.KS fell 1.88%. Battery maker LG Energy Solution 373220.KS added 3.72%.

** Of the total 929 traded issues, 450 advanced and 428 declined.

** Foreigners were net sellers of shares worth 420.4 billion won ($287.8 million).

** The won was quoted at 1,459.7 per dollar on the onshore settlement platform KRW=KFTC, 0.05% below Friday's close of 1,459.0.

** South Korean authorities summoned seven local banks last week to question them over rising U.S. dollar deposits amid a weakening won.

** In the money and debt markets, March futures on three-year treasury bonds KTBc1 gained 0.05 point to 105.41.

** The most liquid three-year Korean treasury bond yield KR3YT=RR rose 1.8 basis points to 2.959%, while the benchmark 10-year yield KR10YT=RR fell 1.4 basis points to 3.371%.

($1 = 1,460.8000 won)

(Reporting by Jihoon Lee; Editing by Sumana Nandy)

((jihoon.lee@thomsonreuters.com;))

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