South Korean shares rise as chipmakers rebound on dip buying

KOSPI rises, foreigners net sellers Korean won strengthens against dollar South Korea benchmark bond yield rises SEOUL, Oct 14 (Reuters) — Round-up of South Korean financial markets: * South Korean shares rose on Wednesday, led by a rebound in chipmakers on dip buying following five consecutive sessions of decline. * The benchmark KOSPI was up 44.63 points, or 0.74%, at 6,079.78 as of 0127 GMT, after rising more than 2% earlier in the session. * On Tuesday, the index fell 5.5% to the lowest since July 30. * "On Wall Street, AI semiconductor stocks turned higher, and major demand firms remained robust, triggering dip-buying sentiment despite anxiety around related sectors," said Seo Sang-young, an analyst at Mirae Asset Securities. * "Recent drops in semiconductor stocks are somewhat excessive, if there is no big change to earnings outlook," Seo said. * Chipmaker Samsung Electronics rose 1.72%, while peer SK Hynix gained 1.04%. Earlier in the session, both chipmakers rose more than 3%. * Among other index heavyweights, battery maker LG Energy Solution climbed 2.07%, while Hyundai Motor and sister automaker Kia Corp were up 0.63% and up 1.20%, respectively. * Steelmaker POSCO Holding