KOSPI falls to more than two-year low
Korean won strengthens against dollar
South Korea benchmark bond yield drops
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SEOUL, Sept 30 (Reuters) - Round-up of South Korean
** South Korean shares on Friday closed at their lowest in
more than two years, as automakers and electric-vehicle battery
manufacturers slid, with the benchmark index marking its first
monthly decline in three.
** The won strengthened, while the benchmark bond yield
** The benchmark KOSPI ended down 15.44 points, or
0.71%, at 2,155.49 the lowest close since July 10, 2020.
** The index shed 5.9% for the week, the biggest since
mid-June. For the month, it dropped 12.8%, the first decline in
three, and 7.6% for the quarter, the fifth in a row.
** South Korean President Yoon Suk-yeol on Friday called for
more sense of urgency in dealing with heightened volatility in
** "Auto stocks, which had been comparatively solid amid
macroeconomic uncertainties, slumped on heightened worries about
weaker demand and dragged the index lower," said Choi Yoo-june,
an analyst at Shinhan Financial Investment.
** Losses were the sharpest for automakers and electric
vehicle battery manufacturers that tracked U.S. peers' weakness
** Hyundai Motor and Kia Corp lost
2.75% and 3.49%, respectively, while LG Energy Solution
fell 3.07%, Samsung SDI dropped 3.53%,
and SK Innovation declined 1.71%.
** Foreigners were net buyers of shares worth 162.6 billion
won ($113.48 million) on the main board.
** The won was last quoted at 1,430.2 per dollar on the
onshore settlement platform, up 0.61%.
** The currency weakened 1.46% for the week, the eighth in a
row, 6.47% for the month, the biggest in 11 years, and 9.22% for
the quarter, also the fastest since the third quarter of 2011.
** In money and debt markets, December futures on three-year
treasury bonds rose 0.36 point to 101.88.
** FTSE Russell said it may add South Korea to its world
bond index, paving the way for a potentially huge boost in
capital inflows to the country.
** The most liquid 3-year Korean treasury bond yield fell by
10.9 basis points to 4.214%, while the benchmark 10-year yield
fell by 11.8 basis points to 4.109%.
($1 = 1,432.9100 won)
(Reporting by Jihoon Lee; editing by Uttaresh.V)