KOSPI rises, foreigners net buyers
Korean won strengthens against dollar
South Korea benchmark bond yield rises
SEOUL, Nov 23 (Reuters) - Round-up of South Korean
** South Korean shares rose on Wednesday, after two sessions
of declines, as Wall Street's overnight gains and a rally in
platform stocks lifted the benchmark index. The won
strengthened, while the benchmark bond yield rose.
** The benchmark KOSPI was up 10.15 points, or
0.42%, at 2,415.42 as of 0125 GMT, after rising as much as
** "The gains (however) were capped with investors eying
China's still-persistent COVID-19 outbreaks and the Ukraine
issue," said Seo Sang-young, an analyst at Mirae Asset
** China's financial hub of Shanghai said on Tuesday it will
tighten rules for people entering the city from Nov. 24 to
combat the recent COVID-19 outbreak in the country.
** Technology giant Samsung Electronics rose
0.50% and peer SK Hynix gained 0.23%, but battery
maker LG Energy Solution declined 0.88%.
** Mobile platform operator Kakao jumped 4.42%
on reports that Saudi Arabia's state-run Public Investment Fund
is considering investing in its entertainment subsidiary.
** Its financial service affiliates Kakaobank
and Kakaopay rose 2.80% and 2.48%, respectively,
while internet platform operator Naver gained 1.11%.
** 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.
** SK Bioscience dropped 9% on reports of the
vaccine maker suspending its COVID-19 vaccine production.
** Foreigners were marginally net buyers on the main board,
purchasing 10.2 billion won ($7.54 million).
** The won was quoted at 1,351.0 per dollar on the onshore
settlement platform, 0.41% higher.
** In money and debt markets, December futures on three-year
treasury bonds was flat at 103.19.
** The most liquid three-year Korean treasury bond yield
rose by 1.5 basis points to 3.844%, while the benchmark 10-year
yield rose by 1.9 basis points to 3.789%.
($1 = 1,351.9000 won)
(Reporting by Jihoon Lee; editing by Uttaresh.V)