South Korean shares hit record as chipmakers track US peers

Reuters
5 hours ago
South Korean shares hit record as chipmakers track US peers

KOSPI rises, foreigners net buyers

Korean won weakens against dollar

South Korea benchmark bond yield rises

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

** South Korean shares hit record highs on Thursday, as chipmakers tracked a rally in U.S. peers on optimism around artificial intelligence demand.

** The benchmark KOSPI .KS11 was up 104.56 points, or 1.95%, at 5,459.05 as of 0126 GMT, hitting its highest level on record.

** Chipmaker Samsung Electronics 005930.KS rose 3.87% to an all-time high, and peer SK Hynix 000660.KS gained 2.97%, after the Philadelphia Semiconductor Index .SOX jumped 2.3% on Wednesday. .N

** Chip manufacturing equipment maker Hanmi Semiconductor 042700.KS rallied as much as 17.9% to a peak, after customer Micron Technology MU.O jumped 10% on Wednesday on CFO Mark Murphy's comment that advanced HBM4 chip shipments had begun.

** Among other index heavyweights, battery maker LG Energy Solution 373220.KS climbed 3.19%, while Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were unchanged and up 1.30%, respectively.

** Steelmaker POSCO Holdings 005490.KS added 4.17%, while drugmaker Samsung BioLogics 207940.KS fell 0.23%.

** Of the total 926 traded issues, 528 shares advanced, while 346 declined.

** Foreigners were net buyers of shares worth 604.6 billion won ($417.74 million).

** The won was quoted at 1,449.1 per dollar on the onshore settlement platform KRW=KFTC, 0.14% lower than its previous close at 1,447.0.

** In money and debt markets, March futures on three-year treasury bonds KTBc1 lost 0.04 point to 104.90.

** The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 1.5 basis points to 3.219%, while the benchmark 10-year yield KR10YT=RR rose by 1.8 basis points to 3.660%.

($1 = 1,447.3200 won)

(Reporting by Jihoon Lee; Editing by Harikrishnan Nair)

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

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