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KOSPI rises, foreigners net buyers
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Korean won strengthens against dollar
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South Korea benchmark bond yield falls
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For the midday report, please click
SEOUL, Nov 23 (Reuters) - Round-up of South Korean
financial markets:
** South Korean shares rebounded from a near two-week low on
Wednesday, tracking Wall Street's overnight strength, and led by
upbeat platform and entertainment stocks. The Korean won
strengthened, while the benchmark bond yield was unchanged.
** The benchmark KOSPI ended up 12.74 points, or
0.53%, at 2,418.01, rebounding from Tuesday's close at the
index's lowest since Nov. 10.
** "Expectations are high for robust consumer spending in
the United States, while recent circumstances reverse the hopes
for reopening in China," said Kim Seok-hwan, analyst at Mirae
Asset Securities.
** Among heavyweights, technology giant Samsung Electronics
rose 0.66%, while peer SK Hynix was
flat. Battery maker LG Energy Solution fell 1.75%.
** Platform giant Kakao jumped 2.58% on reports
that Saudi Arabia's state-run Public Investment Fund is
considering investment in its entertainment subsidiary. Peer
Naver rose 0.55%.
** Small-cap media content and entertainment shares surged
after a Chinese streaming platform resumed distributing South
Korean content after suspending it for nearly six years.
** Online game producers also jumped, with Netmarble Corp
and NCSOFT Corp up 2.67% and 2.01% each,
after a media report said China has resolved the problem of game
addiction among its youth.
** SK Bioscience dropped 7.84% on reports of the
vaccine maker suspending its COVID-19 vaccine production.
** Foreigners were net buyers of shares worth 83.3 billion
won ($61.58 million).
** The won ended 0.36% higher at 1,351.8 per dollar on the
onshore settlement platform, snapping a five-session
falling streak.
** In money and debt markets, December futures on three-year
treasury bonds rose 0.04 points to 103.23.
** The most liquid three-year Korean treasury bond yield
rose by 3.0 basis points to 3.859%, while the benchmark 10-year
yield rose by 1.3 basis points to 3.783%.
($1 = 1,352.7700 won)
(Reporting by Jihoon Lee; Editing by Rashmi Aich)