KOSPI falls, foreigners net sellers
Korean won weakens more than 1% against dollar
South Korea benchmark bond yield inches down
SEOUL, Nov 28 (Reuters) - Round-up of South Korean
** South Korean shares started the week sharply lower on
Monday, led by heavyweight chipmakers, as risk-averse sentiment
persisted on worries over China's COVID-19 outbreaks. The Korean
won dropped, while the benchmark bond yield inched down.
** The benchmark KOSPI fell 24.26 points, or 1.00%,
to 2,413.60 as of 0116 GMT.
** "Risk appetites were subdued by uncertainties over
China's strengthening 'zero-COVID' policy stance," said Choi
Yoo-june, an analyst at Shinhan Securities.
** China has been widening lockdown measures across major
cities to fight record COVID-19 outbreaks, moves that have been
met with public anger.
** Meanwhile, South Korea's central bank and government on
Monday rolled out additional rescue measures for the local
** Among heavyweights, technology giant Samsung Electronics
fell 1.80% and peer SK Hynix lost 2.47%,
tracking a more than 1% loss of the Philadelphia Semiconductor
Index in the previous session.
** Major platform stocks of Naver and Kakao
were also down more than 2%.
** Battery makers were among the gaining minority. LG Energy
Solution rose 1.23%, with its parent LG Chem
up 0.55%, while peers Samsung SDI and SK
Innovation gained 0.14% and 0.85% each.
** Of the total 925 traded issues, 149 shares rose.
** Foreigners were net sellers of shares worth 176.2 billion
won ($131.67 million) on the main board.
** The won was quoted 0.88% lower at 1,335.5 per dollar on
the onshore settlement platform, after falling as
much as 1.20%.
** In money and debt markets, December futures on three-year
treasury bonds inched up by 0.01 point to 103.83.
** The most liquid three-year Korean treasury bond yield
fell by 1.1 basis points to 3.636%, while the benchmark 10-year
yield fell by 0.7 basis points to 3.616%.
($1 = 1,338.2100 won)
(Reporting by Jihoon Lee; editing by Uttaresh.V)