South Korean shares climb nearly 2% on Wall Street rally
South Korean shares rose 1.94% on Tuesday, tracking Wall Street gains. The KOSPI was up 135.91 points to 7,143.63. Shares of Samsung Electronics rose 2.28% and SK Hynix gained 2.94%. The won strengthened 1% against the dollar to 1,365.7, while the benchmark 10-year bond yield fell 0.8 basis points to 4.438%. Foreigners were net buyers of shares worth 162.8 billion won.
KOSPI rises, foreigners net buyers Korean won strengthens against dollar South Korea benchmark bond yield falls SEOUL, Sept 22 (Reuters) — Round-up of South Korean financial markets: * South Korean shares rose on Tuesday, tracking Wall Street gains after the S&P 500 and Nasdaq 100 posted their biggest advances since early August. The won strengthened 1% against the dollar, while the benchmark bond yield fell. 63 as of 00:59 GMT. 94%.
* The Nasdaq hit a record close on Monday, lifted by Advanced Micro Devices and other AI heavyweights, while lower oil prices and long-dated Treasury yields also boosted risk sentiment. * The South Korean government is due to brief lawmakers on Tuesday on plans for a $350 billion US investment package, a key step as Seoul and Washington seek to finalise implementation of a trade deal that cut US tariffs on South Korean goods to 15%. 92%, respectively. 07% higher.
** Of the total 906 traded issues, 458 shares advanced, while 381 declined. 8 billion won. 4. 51% so far this year.
4% against the dollar so far this year. 26. 438%. net)